Rent, buy, live in Wuppertal

Our interview partner specializes in the brokerage, sale and rental of real estate in Wuppertal. In an interview talked about attractive districts, financing options and the current real estate market. Here you can learn everything about the first apartment purchase, different types of houses and types of apartments.

Wuppertal at a glance:

Wuppertal from close up:

Rentals: Service charges

You have decided to rent or even rent a house or apartment? Then you should definitely know more about bedroom furnishing and exclusive terrace design.

Purchase: New construction to old building

Find your new home in attractive neighborhoods of Wuppertal and avoid serious mistakes in your purchase! What you should know before your purchase you will learn in this article! Are you also interested in other cities? We have selected other interesting cities for you, such as Düsseldorf, Aachen and Duisburg.

Interview about Wuppertal real estate

Are you looking for a suitable property in Wuppertal? But are you wondering which are the most popular districts to live in, whether it is better to rent or buy now, or how high the ancillary costs and taxes are in Wuppertal? Then you have come to the right place. Because we have talked to a real estate agent who will answer all your questions about real estate in the region.

Oertel real estate team about the real estate market

FIV: Before we talk about Wuppertal and its real estate market and your recommendations for tenants and buyers, we would like to know a little more about your agency Oertel Immobilien. Could you briefly summarize for our readers what your agency does and what you specialize in?

Oertel Immobilien: We are primarily specialized in investment properties such as multi-family houses as well as commercial properties. However, we started our brokerage activities with condominiums and one/two-family houses. We now have a separate department for this and it receives equal attention from us. From time to time we get inquiries from owners whether we can use our marketing strategy also for renting – of course we help with such a request.

Our marketing strategy is modern and process-oriented. We value fairness with sellers and buyers and our cleverly devised processes mean that there is no room for dubious brokerage. At the end of the day, we live primarily from referrals and are delighted when buyers and sellers alike are happy to sign the contract.

Bathroom in a Wuppertal apartment:

Mediation from land to houses

FIV: As an agent in Wuppertal, which properties do you personally prefer to broker?

Oertel Immobilien: Buyers of commercial and investment properties are experienced in buying real estate and know exactly what is needed for their own decision and for the financing bank. In this respect, buyers demand a very good service and we naturally meet this requirement. It is fun to see convinced customers. It is even better when this leads to new contacts in one’s own network. However, we can by no means limit ourselves, as every property has its own charm. We build up high sympathy with every property.

Neighborhoods in Wuppertal with opportunities for the future

FIV: Neighborhoods for Singles, Families & Co. – For those who do not yet live in Wuppertal and want to move to Wuppertal, which neighborhoods have a future? Where should you move to in Wuppertal if you want to live nicely?

Oertel Immobilien: One of my employees moved to Wuppertal from Düsseldorf with his partner, and since then he has never wanted to return to Düsseldorf. He feels diversity and cohesion in Wuppertal. He is convinced by the architecture of the buildings as well as by the natural leisure facilities. All districts have their own charm. In the Briller Viertel or on the Cronenberg one lives exclusively, in Barmen the rents are relatively inexpensive, in the Nordstadt it is particularly communal, in the Südstadt one is quickly at the university and in Beyenburg one lives in the country. As you can see, there is something for everyone.

Neighborhoods with charm:

• Brill quarter
• Cronenberg
• North City
• South City
• Beyenburg

Briller Viertel at a glance:

Rental price development in recent years to date

FIV: Rents are a big topic, all over Germany. How has the real estate market and rental prices in Wuppertal developed in recent years and how will they develop in the future?

Oertel Immobilien: Wuppertal has been developing at breakneck speed for a decade and, due to its good transport links, is also becoming increasingly interesting for people from surrounding cities such as Cologne, Düsseldorf or Dortmund. Compared to the aforementioned cities, the rent here continues to be lower, which is why people decide to move to Wuppertal. However, the demand for real estate offers is also very high here and the rents have not been as cheap for a long time as you might remember from the past.

It is likely that rents will continue to rise. The old properties are gradually being renovated, turning them into very nice old buildings with high ceilings and large windows, which is why the price per square meter is also rising. New construction projects are also not being finished fast enough so that the demand could be satisfied.

Here you can see a wardrobe in a granny apartment:

Broker assessment: rent or buy

FIV: In Germany, more people rent than buy. What would you recommend to a young couple or even a single person, renting or buying in Wuppertal?

Oertel Immobilien: That’s a very individual question that everyone has to answer for themselves.

If someone has the opportunity to purchase a property, he should do so.

Real estate prices will not fall so easily and with the favorable loans currently, it has not been so appealing to become the owner of a property for a long time. If single people or young couples at some point the property becomes too small, they have made an investment for the future at a young age and benefit from it when you want to buy a larger property.

Home and condominium: buy or rent

FIV: Anyone who rents in Wuppertal is relatively flexible and can move if necessary. Anyone who buys a property, whether a home or a condominium, is at least tied to the property for the long term by the loan or financing. What are typical first-time buyer mistakes from your experience as a real estate agent and how can you avoid them?

Oertel Immobilien: First-time buyers like to make the mistake of not getting enough advice, but at the same time, a property is usually sold quickly, so you don’t have the opportunity to think long and hard about a purchase offer. The lack of knowledge makes it so difficult, which is why it is advisable to observe the market beforehand. Only when you feel confident and you know exactly what kind of real estate you want to buy, you should take the first steps to buy real estate.

It makes sense if the financing is already clarified with the bank in advance. In case of questions, an open and honest communication with the real estate agent is helpful, because this avoids doubts and wrong decisions.

Living and dining room area in family house:

Service charges and taxes in NRW

FIV: The purchase price of a property is one thing, but what ancillary costs and taxes must buyers in Wuppertal expect?

Oertel Immobilien: A real estate buyer is usually aware to include the brokerage fee and incidental purchase costs. Depending on the broker, the commission can range from 0 to 10%. The land transfer tax for Wuppertal is 6.5% and the notary takes about 2% for the notarization.

• Broker commission: 0 – 10%
• Real estate transfer tax: 6.5%
• Notary: 2%

Often the cost of renovation and relocation is underestimated and not factored in.

Investment: Wuppertal districts with a future

FIV: Wuppertal neighborhoods for real estate investment – Let’s move on to real estate as an investment in Wuppertal, for those who want to buy and rent. If our*r reader*in for the purchase, with subsequent letting, decides: Which 2 districts or satellites around Wuppertal would you recommend to a buyer for their capital investment in Wuppertal? In your opinion as an expert, where do the most future opportunities lie?

Oertel Immobilien: That varies from project to project. If you want to take a certain risk and invest in an inexpensive property, which may increase in value in a few years, you are probably served with the district Oberbarmen & Heckinghausen. If you want security, you buy an expensive investment property in Elberfeld-, in Barmen or in Vohwinkel-Zentrum.

Districts that increase the value of the property:

• Oberbarmen
• Heckinghausen
• Elberfeld
• Vohwinkel

Heckinghausen at a glance:

For those who bring time and do not necessarily pay attention to securities and quick profit, are probably better served with Oberbarmen and surroundings. But beware, it is up to the property whether it is worth the investment or not. It is important to have a close look at the property and to know the history behind the house. Thus one avoids bad investments in allegedly promising locations. If one is not careful, one buys too expensive a building plot with a demolition object.

Real estate types with future opportunities

FIV: In your opinion, what type of real estate has a future in Wuppertal, what should one invest in? Small, large, existing, new construction?

Oertel Immobilien: Wuppertal stands out with its old building charm and lovers of such properties appreciate this. Due to the fact that there are still enough old buildings and hardly any space for new construction, people are forced to invest in existing properties. Some of these are in need of renovation or are already up to date and ready for the first move. Both with the one and with the other one stands on good ground.

Suspension railroad: landmark of Wuppertal

The suspension railroad in Wuppertal is the city’s trademark. It runs a 13-kilometer route and stops at a total of 16 stations. With 80,000 users per day, it is an everyday means of transport for the city’s residents, but is also a popular attraction for tourists.

Typical myths in the sale of real estate

FIV: Lastly, one more question – you had mentioned the typical mistakes when buying a property. Many buy, but some also want to sell. As an experienced broker in Wuppertal, what tips can you give to those who are selling a property for the first time? What are the first steps and how do you successfuly sell a property in Wuppertal?

Oertel Immobilien: Three fatal myths exist among many sellers.

Typical myths:

1. Myth: “I set the price higher and I can always go down”.
2. Myth: “I have time and do not have to sell directly”.
3. Myth: “I’ll try it myself first. I can always call in a broker”.

With each seller, we address these myths during a consultation and help avoid the worst mistakes. Apart from that, self-sellers can pick up a free guide from us, in which we explain in seven steps how to sell at the best price. But to be honest, very few people manage to do that. The very fact that the owner usually has a full-time job and can’t answer the high number of inquiries fast enough, he loses serious prospective buyers.

We are specialized in this. It is our job to sell the property successfuly. We do this every day and know what buyers want, what measures are necessary and what must be paid special attention to when selling.

Thanks to Oertel Immobilien for the interview!

Rent, buy, live in Wuppertal

The real estate market in Wuppertal is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the best real estate agents from Wuppertal, who can make your dream of your property possible.

• Real estate agent Wuppertal

First apartment? Step by step to capital investment

Buy your own apartment – As soon as you move into your first own apartment, for most people it’s rent, rent, rent. Every month you go to work many hours, to spend the largest part ultimately for the next rent due at the beginning of the month. It’s no wonder that many young people are considering buying a condominium as soon as possible.

• Buy first apartment

Rent, buy, live in Kassel

Our interview partner, for the topic of real estate has specialized in the mediation, selling and renting of real estate in Kassel. FIV Magazine has talked to the real estate agent team in an interview about attractive districts, financing options and the real estate market in Kassel. Here you can learn everything about buying your first home, different types of houses and apartments.

Overview of Kassel and surrounding cities:

Kassel from the microlocation:

Rent: Service charges

You have decided to rent or even rent a house or apartment? Then you should definitely know more about bedroom furnishing and exclusive terrace design.

Buy: Investment

Find your new home in attractive neighborhoods of Kassel and avoid serious mistakes in your purchase! Find out what you should know before you buy in this article! Are you also interested in other cities? We have selected other interesting cities for you, such as Düsseldorf, Aachen and Duisburg.

Interview about the current real estate market in Kassel

Are you looking for a suitable property in Kassel? But are you wondering which are the most popular districts to live in, whether it is better to rent or to buy, or how high the ancillary costs and taxes are in Kassel? Then you have come to the right place. Because we have talked to a real estate agent from the region, who will answer all your questions about real estate in Nuremberg.

Immoperlen: Broker team in the area Hessen

FIV: Before we go into Kassel and its real estate market and your recommendations for tenants and buyers, we would like to know a little more about your agency Immoperlen. Could you briefly summarize for our readers what your agency does and what you specialize in?

Immoperlen: We specialize in the sale of single-family houses, apartment houses and apartments. Rentals of houses and apartments, accompaniment of new construction and valuations of real estate.

Team photo Immoperlen:

FIV: As a real estate agent in Kassel, which properties do you personally prefer to broker?

Immoperlen: single-family houses, apartment houses, apartments

Live beautifuly in the Kassel area

FIV: Neighborhoods for Singles, Families & Co. – For those who don’t live in Kassel yet and want to move to Kassel, which neighborhoods have a future? Where should you move to in Kassel if you want to live nicely?

Immoperlen: For young people, the Vordere Westen is very popular, due to its beautiful infrastructure. For families it is nice to live in Kirchditmold, Harleshausen, Wilhelmshöhe, Niederzwehren and also the district of Kassel.

Kirchditmold district

Rent development & recommendations

FIV: Rents are a big topic, all over Germany. How has the real estate market and rents in Kassel developed in recent years and how will they develop in the future?

Immoperlen: Rents have already risen, and will certainly continue to do so. The favorable rents get one unfortunately only in the situations which are not very popular. Even when selling a property if it is in a good location and also maintained, the sales price is higher than a few years ago. We think that will continue to exist so.

FIV: In Germany, more people rent than buy. What would you recommend to a young couple or even a single person, renting or buying in Kassel?

Immoperlen: If one looks at the long-term and the stability quite clearly we recommend a purchase of a real estate. It is also a good capital investment.

Single family house in Kassel:

Long-term commitment through financing and loans

FIV: Anyone who rents in Kassel is relatively flexible and can move if necessary. Anyone who buys a property, whether a home or a condominium, is at least tied to the property for the long term by the loan or financing. What are typical first-time buyer mistakes from your experience as a real estate agent and how can you avoid them?

Immoperlen: Too little equity, repayment rate not chosen correctly. No inventory by expert or appraiser.

Taxes and incidental expenses incurred

FIV: The purchase price of a property is one thing, but what ancillary costs and taxes must buyers in Kassel expect?

Immoperlen: 6% land transfer tax, 2% notary fees, for single-family houses and condominiums 2.975% brokerage incl. VAT. From two-family houses the usual local brokerage fee of 5.95% incl. VAT on the sales price.

Incidental expenses:

• 6% land transfer tax
• 2% Notary fees
• 2.975% for single family houses
• 5.95% for two-family houses

Living and dining room area:

FIV: Kassel neighborhoods for real estate investment – Let’s move on to real estate as an investment in Kassel, for those who want to buy and rent. If our*r Leser*in decides for the purchase, with following letting: Which 2 districts or even satellites around Kassel, would you recommend to a buyer for their capital investment in Kassel? In your opinion as an expert, where do the most future opportunities lie?

Immoperlen: Clearly the Vordere Westen, Harleshausen, Kirchditmold, Wilhelmshöhe and Niederzwehren.

Sought-after district Harleshausen:

Real estate with a future

FIV: In your opinion, what type of real estate has a future in Kassel, what should one invest in? Small, large, existing, new construction?

Immoperlen: Existing properties such as apartment buildings and apartments up to 80m².

Avoid typical mistakes – instructions

FIV: Finally, one more question: You had mentioned the typical mistakes buying a property. Many buy, but some also want to sell. As an experienced broker in Kassel, what tips can you give to those who are selling a property for the first time? What are the first steps and how do you successfuly sell a property in Kassel?

Immoperlen: The first step is to determine the value of the property. Many sellers have a completely wrong view of what their property is worth on the real estate market. Some sellers are quite surprised that you can achieve a higher sales price, and some have ideas that are not feasible. A property in Kassel should be sold within 3 months, this is feasible if you do every step right. Our goal is to accompany sellers and buyers well on your way, because real estate is our passion, and the satisfaction of our customers has top priority.

3-step guide:

1. Valuation of the property
2. Within 3 months should be conveyed
3. Get experts on your side

Rent, buy, live in Kassel

The real estate market in Kassel is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the best real estate agents from Kassel, who can make your dream of your property possible.

• Real estate agent Kassel

First apartment? Step by step to capital investment

Buy your own apartment – As soon as you move into your first own apartment, for most people it’s rent, rent, rent. Every month you go to work many hours, to spend the largest part ultimately for the next rent due at the beginning of the month. It’s no wonder that many young people are considering buying a condominium as soon as possible.

• Buy first apartment