Interview: This is what it’s all about!

To successfuly complete a Fix & Flip project, the ultimate goal is to make a profit. The basic idea of Fix & Flip is to increase the value of a property. You buy a cheap but lucrative property, add value to it yourself and sell it at the end for a profit. This means you have to work cost-efficiently to keep your expenses low and thus increase the profit.

We conduct the interview with Immobilien-Erfahrung.de (in conversation “IE”). We talk in the interview about:

• The purchase and finding of lucrative properties
• Saving costs when upgrading and renovating
• The profitable sale of the object
• Bonus topics such as taxes, legal forms and financing

What is Fix & Flip?

FIV: Let’s start with the basics. Can you start by explaining what Fix & Flip is and how it works?

IE: Of course! Fix & Flip is a strategy or even method from the real estate world that focuses specifically on trading real estate. That is, unlike traditional real estate strategies where properties are held to generate long-term returns, Fix & Flip actively trades properties. The core aspect is to increase the value of real estate in order to generate profit when trading. The increase in value is achieved through cost-effective upgrading and renovation.

So the strategy consists of three basic steps – buying, upgrading and selling.

Fix & Flip Find & Buy Property

FIV: We have already talked about Fix & Flip in one of our articles and have shed some light on the three steps. Surely we could not clarify everything there what an expert with experience can report about it. Let’s go through the three steps again and see what you can tell us. Let’s start with the first step – the purchase.

IE: Yes, with pleasure. Getting started is the biggest difficulty! In order to start trading real estate at all, you need real estate. So the first step is all about acquiring real estate. This is also one of the most complicated parts of Fix & Flip. First of all, you need to create and work through a criteria checklist when searching for the perfect property.

Criteria for the selection of Fix & Flip real estate

IE: The checklist for the real estate search should include important key data that are important to you as a flipper. Basically, the location and the condition are the basis for the decision.

The property must be in an advantageous location for you. Advantageous in the sense that it is an attractive area for future buyers – so it can be sold quickly – and is still in an affordable location for you. A-locations are not advantageous, since city centers, for example, are not worthwhile in terms of price. B-locations or developing C-locations are much more suitable.

In addition, the condition of the property must be considered. Since the focus is on “cheap” properties, these often also harbor problems. This is fine to a certain extent, of course, as the strategy involves “fixing” after all, but it should still not be overestimated.

With the Fix & Flip it is important to avoid sanitation!

These are too costly and time-consuming. The building fabric of your object should therefore basically be in tact.

FIV: With the basic criteria in mind – where is the best place to look for real estate?

Search & buy objects: How do I proceed?

IE: Online portals provide a solid basis for the search. Here, offers in the corresponding location can be found and compared with each other. So you get a rough picture and an idea of the price. However, I would rather use the online portals for research and not for the purchase.

You get the better buying options privately through off-market properties. Ideally, you already have a network of people who will contact you as soon as they hear about a sale. If you don’t have that, you have to look for the personal contact yourself. Either you show yourself, for example through marketing and let customers come to you, or you take the initiative and approach customers personally.

To explain this now would go beyond the scope of this article.

FIV: Okay good. We’ll summarize the first step again:

• Checklist with criteria for the property
• Location & condition of the object are important
• Avoid objects in need of renovation
• Use online portals for research
• Off-market real estate from private contact

What would come next? The upgrade?

IE: I would talk briefly beforehand about financing options for the purchase.

Fix & Flip financing: which loan is suitable?

Just recently I talked to one of our partners about an interesting topic and that is Fix & Flip without equity. In order to run Fix & Flip without equity, you need outside capital. The debt capital is provided through loans and credits. In discussing which type of loan was best, I first realized how important the question of financing is in the first place.

Therefore, I wanted to briefly list the most important points again.

The funding can be divided into two areas

The financing of the property itself and the financing of the renovation process. Both areas can be financed individually but also in combination. This is decided according to one’s own ideas. There are different types of loans for both options.

Credit types at a glance

To finance the entire project, in principle, all conventional loans can be used. Hard money loans are particularly suitable for the purchase of the property. These are based only on the value of the property, not on the equity.

There are several good financing options for upgrading. Small loans are the simplest solutions. But credit lines are more interesting! These give in principle a budget from which you can take what you need. Accordingly, only the interest is paid and repaid what is consumed.

FIV: I’ll hold on again:

• Purchase financing
• Renovation financing
• Separate or combined
• Regular loans
• Hard Money Loans
• Small loans
• Credit lines

With funding out of the way, there’s not much standing in the way of the upgrading process right?

Upgrading real estate: saving costs & increasing value

IE: Yes, that’s right. Since the process of upgrading is very detailed, I’ll try to be brief and mention only the most important things. We also have complete explanations and articles on our site.

Simply put, this step is about the actual value creation and thus the generation of profit. Here, the property, which is unattractive for the end users, is made attractive. This is achieved through cost-effective renovation measures.

Cost effective is the saying here!

Care must be taken to increase the value effectively without great expense. As already mentioned, extensive renovations are not advantageous.

The best way to increase the value of the property is to replace the flooring, kitchen and plumbing fixtures, new windows and doors, and garden and patio maintenance.

Those who are not skilled in handicrafts will find the best help and advice from craftsmen.

FIV: So the areas where renovation can be effective are:

• Flooring
• Bath
• Kitchen
• Windows
• Doors
• Garden
• Terrace

After upgrading, is the property then ready for sale?

Fix & Flip sale: exposé, offers & home staging

IE: In principle, yes! Already during the revaluation process, an appraiser can start valuing the property. This gives you an approximate idea of the selling price at an early stage. In addition, the preparation of the exposé can also be started promptly and the listing subsequently published.

For the creation there is one more crucial trick – home staging!

FIV: What exactly is it?

Home staging to prepare the display

Home staging is a simple trick to make the living space look more attractive for the pictures of the exposé. In the process, the rooms are made to look alive. For this purpose, no real furniture is used, but specially made cardboard furniture. This saves energy and costs for a “move”.

As soon as the exposé goes on the market you wait!

And when you’ve received enough offers, you compare them and negotiate if necessary to get an even better price.

After the selection of the buyer then follows only the notary appointment and the transfer of ownership.

Finally, the profit can be calculated. For visualization there is the Fix & Flip calculator on our site.

FIV: The sales process is now over. What happens to the profit? Surely it has to be taxed?

Fix & Flip Taxes: How much profit am I left with?

IE: Absolutely correct. Of course, taxes are due on fix & flip profits, just like anything else. What taxes and especially how much depends on the legal form you traded in.

As an individual or sole proprietor, regular income tax must be paid. Depending on how high your profit was in the end is assigned to a certain tax rate.

These tax rates are recorded in the tax progression.

If you plan to operate Fix & Flip for a longer period of time, it is worthwhile to establish a limited liability company. This requires a share capital of 25,000 euros, but you save a lot of taxes. In addition, your own capital is no longer liable but only the company limited to the paid-in capital.

As a GmbH, you then only pay corporate income tax of around 15% and trade tax of 3.5%.

I have now only given rough key data on taxation. Of course, the topic can be further elaborated.

If you want to know more about it, please visit our Fix & Flip guide. Among other things, I can recommend the articles Fix & Flip Taxes, Property Appreciation and Fix & Flip Sales.

FIV: Thanks so much for your time and insights into the Fix & Flip strategy!

IE: Gladly!

Summary: 10 Learnings about Fix & Flip

Let’s briefly summarize the most important points once again.

	Learning Fix & Flip
1	The basic idea of Fix & Flip is to increase the value of properties
2	The 3 steps of Fix & Flip: Buy, Upgrade & Sell
3	Checklist for the real estate search: consider location & condition
4	Find & buy objects via online portals & private contacts
5	Finance project & find suitable financing type
6	Cost-effective upgrading & renovation
7	Avoid objects in need of renovation
8	Have property valued & create exposé
9	Exposé prepared by home staging
10	Settle contract, transfer property & calculate profit (pay attention to taxes)

Different forms of credit – different terms and conditions

When it comes to loans, most people think first and foremost of real estate loans. In other words, a loan that has to be taken out because hardly anyone is in a position to pay for an apartment or a house out of their own pocket. But most loans in Germany tend to be personal loans. That is, loans that are needed for the purchase or repair of important things.

A good example is the purchase of a new car. If you are in a position to pay the purchase price directly, you can usually negotiate better terms with the dealer. Here, the conditions can even improve so much that even minus the credit costs, you can still make a profit. Therefore, it makes sense and sustainable, if you support such a purchase through a personal loan. It is important to choose the appropriate and also the most favorable loan.

Compare personal loans – the differences can be amazing

If you want to take out a personal loan, you should compare the personal loan online to be on the safe side and thus take a closer look at the different providers. The differences – depending on creditworthiness and the amount of the loan – can be considerable. A good credit comparison also helps you to orient yourself in the jungle of different providers a little better and to recognize which offers are valid. Not every offer is equally attractive, since all providers advertise the lowest interest rates, which, however, hardly anyone can fulfill.

Online loan comparison – the advantages

So if you’re planning to take out a loan, you shouldn’t go straight for the first offer that comes along, but actively compare them. And that’s much easier online than offline. Whereas in the past you had to go from bank to bank and obtain the various offers, it is now noticeably easier. With just a few clicks, you can specify the general conditions and then compare the various regional and national providers. It’s hard to find a suitable loan more quickly and easily. What’s more, you’re not alone. More and more people in Germany are taking out personal loans for a variety of reasons.

Installment loans and personal loans in Germany – the trends

If you look at the current statistics on lending in Germany, it is hard to miss one trend. More and more loans and ever higher total loan amounts are being taken out. This is due to a wide variety of factors. On the one hand, the demand for consumer goods has increased significantly and many people are also buying such goods on credit. Among other things, this development was due to the zero interest policy offered for a long time, which was actively used by many companies for advertising. However, the rising standard of living also ensures, among other things, that people take out loans more easily in order to be able to make important purchases more quickly.

Personal loans are taken out for, among other things:

• The financing of a motor vehicle
• The financing of vacations
• Important purchases such as refrigerator, stove or washing machine
• Repair costs for car or washing machine & Co.
• Other consumer loans

So you see that there are many people who want to and take out a loan for the most diverse reasons and purposes. But not every purchase and not every purpose is good enough. Because a personal loan is always also a financial burden, which you must bear. Therefore, it is important to consider which loans you take out and which loans you are better off doing without.

Do not take out a loan thoughtlessly – consciously control your own credit rating

Very many people think they already have the best possible credit rating. Many people are not aware that credit inquiries can damage this credit rating. That’s why you should think carefully in advance about which loan makes sense and which you can do without. After all, regularly and reliably serviced loans also increase one’s own credit rating on the other hand. It therefore makes sense to have your Schufa score checked and see how your own creditworthiness is doing. It is therefore not a good idea to take out a personal loan for a vacation trip, for example.

After all, there is also the possibility of enjoying a camping vacation in Germany, for example, and thus saving money. However, if expensive purchases such as cars, bicycles or electrical appliances in the kitchen segment are pending, a loan can be quite useful. This is because the loan amount is matched by an item that can be sold again in case of doubt and offers a certain value. To stay with the example, this would be different for a vacation. There are therefore many good reasons for taking out a good personal loan, especially one that is attractive in terms of interest rates, if the need is correspondingly great.

Priorities in the personal loan – weigh carefully

It’s best to think about this before you make your first request: Do I need the loan for a purchase that is crucial to my life? I need a car to get to work, to provide for my family or to be more flexible in my free time. I need a stove or a washing machine for my daily life. Do I need that huge new TV so badly that I have to take out a loan for it? Is that luxury vacation worth going into debt for? If you set these priorities right, you can definitely find the right personal loan for you.

A well-planned personal loan can make many purchases or repairs possible

Although the era of zero-interest loans is probably a thing of the past, there are still considerable differences in the structure of the loans, the repayment and the interest rates. So if you inform yourself in advance and compare the various offers on the market, you will benefit significantly in the end and can obtain loans at better conditions. In the end, this also means that you pay significantly less money for the same item or the same repair, which is a considerable economic advantage.

Every regularly and reliably serviced loan also ensures a better and more stable credit rating, which can make a considerable difference when it comes to later real estate loans, among other things. Therefore, it is important and sensible to take out loans when needed, as long as you are able to service these loans safely and without pressure. So if you need an appropriate personal loan, it is best to compare the various offers and always keep an eye on your own credit rating.

Editor’s recommendation

Why we like the app so much?

The calculators are easy to use and provide you with a quick overview of the financeability of your real estate projects. You always have the key figures in view and the app is always available on your cell phone. Just try it out and discover the advantages of the practical real estate calculators on the Lukinski app.

You can download the app directly and get started!

Download from App Store: Free

Free of charge in the App Store:

What can the real estate app do?

Here are 3 small recommendations and frequently used real estate calculators in the app:

Yield check: This is what a property brings in

One of the most popular features of the app is the yield calculator, which helps you evaluate the profitability of your real estate investments. The yield check calculator allows you to quickly and easily check whether a planned real estate investment is profitable. This way you can find out if the investment is worthwhile and if the return meets your expectations. The quick yield check is particularly useful for capital investments and helps you to make well-founded decisions.

For your smartphone

Calculate net yield: Exact return

The app also includes a net yield calculator, which you can use to calculate the net yield of your property. You can enter the gross return as well as the applicable taxes and costs (e.g. maintenance costs) to determine the net return. This way, you get a detailed analysis that helps you make informed decisions regarding your investments.

Calculate brokerage costs

If you want to know how high the brokerage costs are for buying a property, you can also use the corresponding calculator in the app. Simply enter the purchase price and the app automatically calculates the brokerage costs. This way, you always have an overview of all costs incurred and can plan your finances optimally.

Editor’s recommendation: smartphone + tablet

Download from App Store: Free

Free of charge in the App Store:

What is Fix & Flip?

The Fix & Flip strategy refers to buying, upgrading and selling real estate within a short period of time with the goal of making a profit.

The process begins with finding an undervalued property to buy and renovate. After the upgrading measures are completed, the property is sold on the market at a higher price.

So Fix & Flip is:

• Buy a cheap property
• Upgrade them cost-effectively
• Sell profitably

Buy Fix & Flip property

The first step in implementing a fix & flip strategy is to find and purchase a suitable property. Remember to do a thorough assessment of the building’s fabric to understand what kind of renovations are needed to increase the property’s value and get a realistic estimate of the selling price.

Here are some tips that can help you with this process.

Search undervalued real estate

These can be properties that are in poor condition or whose owners need to sell them quickly. Nevertheless, when choosing a property, pay attention to its location. The location is decisive for the subsequent selling price.

Use of online platforms

There are many online platforms that make it easier to find suitable properties, such as social media platforms or apps and online markets. Also, private contacts can be an ideal way to find lucrative properties for the fix & flip strategy.

Build a network: Brokers, craftsmen & Co.

Making contacts with brokers, craftsmen and other professionals in the real estate sector is very helpful to be informed about possible offers. Here you can simply use online platforms or contact private individuals.

Maybe your uncle knows someone who has renovated a bathroom cheaply before.

Secure funding & capital

Make sure you have enough capital to renovate and sell the property you buy. Many fix & flip projects fail due to insufficient capital. Generous planning of costs and financial resources is therefore very important.

Fix & Flip offers the possibility to finance them. You can find out how that works here:

• Fix & Flip Financing

After the purchase of the property comes the important step of upgrading.

Fix & Flip property upgrade

Upgrading the real estate is the real work. Here you must pay attention to a detailed planning of the work. With the planning you can better estimate expenses for costs and time. The goal of the revaluation is to increase the value of the property by effective measures, in order to achieve profit. With redevelopment, renovation and modernization measures, these goals can be achieved.

In the following article, you will find out exactly what you need to pay attention to, what work is involved and what costs you will incur:

• Fix & Flip property upgrade

Fix & Flip property for sale

The last step after upgrading the property is selling it. This step ultimately leads to your profit, which is why it is important to choose the right approach here.

First, you should have your property appraised by an expert, such as architects or realtors. They will give you a range in which you can set your selling price.

You can see how such a profit calculation looks like in this article:

• Fix & Flip Cost Accounting

Also interesting! Fix & Flip taxes differ depending on the legal form chosen.

Conclusion. Fix & Flip & Capital Increase

If you find a cheap property, the Fix & Flip strategy is a profitable way to invest in real estate. However, you must keep in mind that the strategy can also be associated with risks, such as unforeseen renovation costs or difficulties in selling the property.

High risk but high reward

In summary, the Fix & Flip strategy, when executed efficiently, contributes quickly and effectively to your capital increase. You must make sure that you are well prepared and understand the risks before starting with this strategy.

For detailed information, check out our partners’ Fix & Flip guide:

• Fix & Flip Real Estate

Rent, buy, live in Stuttgart

A good start in the real estate world is always the purchase of the first apartment. Michael Maile explains in his interview with FIV Magazine his experience with real estate in a good A-location. The yield here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Bad Canstatt, Feuerbach and other districts such as Sillenbuch or Vaihingen.

This is Stuttgart in Germany:

Stuttgart from close up:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your newly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buy: Return on investment through real estate

In our interview, you will learn everything about real estate and returns in Stuttgart. Should you buy a property in Stuttgart or is it more worthwhile to buy nearby, for example in Esslingen or Ludwigsburg?

Real estate agent interview about real estate in Stuttgart

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Stuttgart but also tips for capital investments. We ask the questions, he provides the answers.

Maile Immobilien: Interview Partner

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

Michael Maile: We are a real family business with me in the 4th generation. To guarantee a service with one’s name for so many decades is not a matter of course and of course totally shapes one’s daily actions and dealings with our customers.

Some of our customer relationships even date back to the founding year of 1925.
We have been located extremely centrally in Stuttgart’s Königstraße for almost 100 years and serve the entire greater Stuttgart area from here as a reliable contact for valuations, sales and rentals.

Interview partner Michael Maile:

Single family home or townhouse? Favorite properties

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

Michael Maile: Most people probably think that real estate agents always dream of the large luxury villas that undoubtedly exist in Stuttgart. Personally, however, I have always had the best experiences with somewhat smaller properties such as small detached houses, semi-detached houses or terraced houses. These are basically my favorite objects, also because you often have to deal with very pleasant customers on both the seller’s and the buyer’s side.

Rents in Stuttgart: Neighborhoods with a future

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

Michael Maile: Stuttgart has a very unique topography with the well-known Stuttgart Kessel. This in turn means that the city center is relatively limited. So if you want to live very urban with short distances or perfect local connections, there is something for everyone here. I wouldn’t make any big distinctions between the districts.

As before, the west and south is certainly the most popular.

For families, again, other priorities apply with something quieter, safer and greener location. There are plenty of these around Stuttgart, too. I personally favor the southern parts of the city, such as Sillenbuch, Degerloch and Möhringen, because of their very good infrastructure and short distances not only to the city center, but also to the airport or the highway.

Development of the real estate market: rent stagnation

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

Michael Maile: Even if you hear different things in the media. We are noticing a clear stagnation of rents in all areas. The times of constant increases seem to be over for the time being. However, due to the natural limitation of the Stuttgart cauldron, the supply remains fundamentally very manageable. Even redensification or additions to existing buildings are only marginally feasible. In this respect, demand is still significantly higher than supply.

Through Corona, however, there are already sustainable reasons here, such as the home office, which rather provide for some relaxation in the inner city area. In turn, the green peripheral locations have become more sought-after. The future always means looking into a crystal ball, but I still consider Stuttgart to be a very stable location, although it seems to be settling at a fairly high level.

Modern apartments in Stuttgart-Vaihingen:

Recommendations for beginners: 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 Stuttgart?

Michael Maile: As you know, there are different philosophies here. And there are simply no blanket statements here. I myself am a big fan of owner-occupied property because it simply means a lot of freedom in everyday life and, in case of doubt, also a good retirement provision.

However, this must be preceded by a clear commitment to the location and solid financing that still leaves enough leeway for vacation, children, etc. These are often quite big hurdles. On the one hand, flexibility in the job often has to be higher today, and on the other hand, the purchase price is so high that financing is only possible with considerable restrictions.

In such cases I advise then rather to rent and rather to buy only if a family is to be founded. And then, in case of doubt, clearly outside the city at affordable prices and with other priorities such as short distances to school or a large garden.

Buying the first condominium in the city

FIV: Anyone who rents in Stuttgart 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?

Michael Maile: There are plenty of mistakes lurking around when selling and buying. For example, buyers tend to underestimate the capital required, look too much at the property and not enough at the location, or inspect the property superficially without an expert opinion. For me, however, one of the most serious is the lack of willingness to make sacrifices.

The perfect property simply does not exist.

And the sooner you recognize this and consciously set priorities, the sooner you will find something. In many cases, people have been looking for many years. And while the real estate became more and more expensive, it simply did not succeed at some points to be satisfied with less. In the end, I often hear “if only we had…”.

Therefore: Make a clear priority list with weightings and then do not hesitate for long when a good object appears. You will not find the perfect object.

Real estate transfer tax and incidental purchase costs

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

Michael Maile: The land transfer tax in Baden-Württemberg is currently 5% of the purchase price. For the notary and the land registry you should calculate 1.5%. If a broker is involved, this is between 0%-3.5%. Sometimes the seller pays the broker alone. In total, this is about 6.5-10% of the purchase price.

Stuttgart at a glance:

• Real estate transfer tax: 5%
• Notary fees: 1.5%
• Brokerage costs: 0-3.5%
• Total: 6.5 – 10%

Real estate as an investment – city proximity & old buildings

FIV: Stuttgart districts for real estate investment – we come still to real estates as capital investment in Stuttgart, for those, which want to buy and letting. If our*r Leser*in for the purchase, with following letting, decides: Which 2 districts or even satellites around Stuttgart, would you recommend to a buyer for their capital investment in Stuttgart? In your opinion as an expert, where do the most future opportunities lie?

Locations close to the city center continue to be of interest to investors.

Michael Maile: Here I would rather aim at charming old buildings than at replaceable new buildings. The development of the Rosenstein Quarter in particular will mean that quite a lot of apartments will be built in the city center in the medium term. So you should also be able to offer something unique here in the long term.
The better returns, however, are certainly to be found outside the confines of the city. I see Möhringen and Vaihingen, for example, as very interesting locations with very good infrastructure and large employers.

Types of real estate with a future – optics and efficiency

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

Michael Maile: As already mentioned, I am rather a friend of the charming old building. Energy efficiency will certainly play an even more important role in the future, but the beautiful sandstone Art Nouveau façade will certainly not be insulated. Such buildings will always be sought after and in demand. Personally, I am not a fan of the often very monotonous new building architecture with the same residential silos that are arranged around a sad little playground, in which even the last square meter of the property is built on.

Nevertheless, it must also be emphasized that, for example, accessibility will be a more important issue, which is more likely to be found in newer buildings. Here, everyone has to weigh things up for themselves. And then, of course, it’s better to have three small apartments than one large one, also in terms of risk diversification.

Attic room of a family house:

Selling a property – quality check

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 real estate agent in Stuttgart, 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 Stuttgart?

Michael Maile: First of all: In principle, you can do most things in the world yourself. The question is always how much time you have available and in what quality you can do this sustainably. Therefore, I would always strongly advise an inexperienced real estate seller to take an experienced broker on board. Simply because selling real estate at the best possible price involves much more effort than is commonly imagined. You should ask around among friends and acquaintances, check references and get a non-binding impression of the real estate company.

Renovation and modernization are always worthwhile!

Otherwise, it is important to make the bride pretty before the wedding. Small renovation works up to the conscious “stagen” of the real estate are financially worthwhile practically always. You should not only have all the documents relevant for the banks at hand, but also understand them and thus know, for example, the circumstances under land registry law or the regulations in the declaration of partition and be able to communicate them accordingly.

Deficiencies must be known and skillfully communicated. What is fatal here, of course, is the wilful concealment of such a defect.
On site it is important to arouse the emotions of a buyer. To understand which priorities he has and with which details you can arouse his final interest. Price negotiations are also often a fine line, where inexperienced sellers all too often have great difficulties.

Conclusion: Inexperienced sellers should definitely seek advice from a reliable and trustworthy expert first. Experienced sellers usually know that a good broker does not cost money, but brings money through his know-how, contacts and the enormous time savings.

FIV: Thanks to Maile Immobilien for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Stuttgart

For the realization of their dream of the first home, whether you rent with or buy, and how to achieve the maximum return in Stuttgart, you can learn in our article about realtors in Stuttgart.

• Real estate agent in Stuttgart

First condominium in Duisburg

A good start in the real estate world is always the purchase of the first apartment. Manuela Ceresa explains in his interview with FIV Magazine his experience with real estate in a good B location. The yield here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Buchholz, Wedau and other districts such as Meiderich/Beeck and Hamborn.

Here Duisburg is located in Germany:

Duisburg up close:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your freshly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buy in Duisburg

In our interview, you will learn everything about real estate and returns in Duisburg. Should you buy a property in Duisburg or is it more worthwhile to buy nearby, for example in Oberhausen or Moers?

Real estate agent interview about real estate in Duisburg

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Duisburg but also tips for capital investment. We ask the questions, she provides the answers.

MC Immo Service: Interview Partner

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

Manuela Ceresa: My goal in principle (and I mean it exactly as I say) is that both sides, i.e. buyer and seller, are really satisfied and happy in the end. This is our top priority and starts already with the contact to the customer. To be open and honest and never lose the charm – is the basis for a trustful cooperation and very important to us.

Offers of MC Immo Service Agency

Manuela Ceresa: We mainly sell single-family houses, apartments and investments, so we have quite a large target group. We are very well positioned through our business partner Magnu GmbH because they cover insurance and finance, so the customer doesn’t have to go far.

In addition, we offer a pool of craftsmen of all kinds, moving companies, banks, etc. so that we can cover any area very well and recommend.

Service is everything in the end and with us the customer is indeed still king. We also work with great cooperation partners and have a good network. Commitment and many years of market experience are a prerequisite for us to keep the right perspective in a real estate market that is very complex and constantly changing.

Favorite properties: special youth villas

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

Manuela Ceresa: Personally, I have an absolute soft spot for charming old buildings. I love high ceilings, the charm of the youth villas, the old creaky parquet and wooden floors… I could list a lot more. In principle, however, I rent and sell all types of real estate and I have no tendencies to do so, because each property has its specificity and is valued.

Modern bathroom in an apartment in Duisburg:

Neighborhoods with a future: Südstadt trend

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

Manuela Ceresa: I clearly recommend the south of Duisburg, because it has a lot to offer, such as the Sechs-Seen-Platte, a lot of “green”, the Kletterwald, the proximity to the city, but it is also a stone’s throw to Düsseldorf. An excellent connection and also with public transport no problem.

Real Estate Market Development: Rents & Yields

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

The rent prices have generally increased, some major cities are now unaffordable, I can absolutely confirm this

Manuela Ceresa: Especially in the south of Duisburg, which is very popular with Düsseldorfers because of the short distance to Düsseldorf. Here, Duisburg has absolutely benefited, but I think at least currently due to the crisis that rental prices will not continue to rise at the moment.

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 Duisburg?

Manuela Ceresa: A mobile home, so you always have your home with you! Joking aside, in principle it makes sense to own property, which in my view many young people have also taken advantage of due to the low interest rates. Depending on what demands you have, renting can also be quite expensive, especially over the years.

First condominium in Duisburg: costs & financing

FIV: Anyone who rents in Duisburg 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?

Manuela Ceresa: Many people (so my observations) is not always clear when buying a property that these are then also first bound to their loan agreement and in the event of premature sale or exit from the contract must pay significant prepayments to the bank, these sums are of course based on the financing and are not without!

The rent is then omitted, however, one must include several other expenses in the budget. This includes the maintenance of the property, the administration, the running costs, possible follow-up financing etc. With the purchase itself, the land transfer tax, the brokerage for the broker and the fees for the notary, this must not remain unconsidered and must be included in the calculation.

Real estate transfer tax and incidental purchase costs

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

Manuela Ceresa: The purchase is subject to real estate transfer tax, which is currently 6.5%, notary fees (fee table) and the broker’s commission.

Apartments in Duisburg:

Good capital investments: which districts?

FIV: Duisburg districts for real estate investment – we come still to real estates as capital investment in Duisburg, for those, which want to buy and let. If our*r Leser*in decides for the purchase, with following letting: Which 2 districts or even satellites around Duisburg, would you recommend to a buyer for their capital investment in Duisburg? In your opinion as an expert, where do the most future opportunities lie?

Manuela Ceresa: Buchholz, Wedau – directly at the Sechs-Seen-Platte and Wanheim-Angerhausen, but for investors the districts like Meiderich/Beeck and Hamborn are also very interesting. These districts are developing very positively.

The districts summarized:

• Buchholz
• Wedau
• Wanheim-Angerhausen
• Meiderich/Beeck
• Hamborn

Invest: Real estate return

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

Manuela Ceresa: The decisive factor is the location. Would you rather live in the city or in the country? Can you imagine growing old here? What are the conditions, etc., and all the rest of course corresponds to the need. In the case of capital investments, of course, the return plays a major role, and capital investors can assess that very well.

Selling an apartment in Duisburg: Documents for notary

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 Duisburg, 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 Duisburg?

A sale not only costs time but is also associated with some challenges.

Manuela Ceresa: First of all, sellers, i.e. owners, should know what their property is realistically worth, clarify the ownership situation in advance (in the case of married couples or communities of heirs), check any encumbrances on the property, take a look at the building encumbrance register, a possible right of residence or right of first refusal, would you like to work with or without a broker, involve a notary, at the latest when selling, plan the move in good time etc.

What is also very important, are various documents that must be provided to the buyer such as a current land register extract, floor plans, living space calculation, etc..

In my opinion, a property can be sold successfuly if it is dealt with openly and honestly. Damages and defects must not be concealed, the purchase price should correspond to the current market value, create a trusting basis between the seller and buyer and in the end the property must please!

FIV: Thanks to MC Immo Service for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Duisburg

For the realization of their dream of the first home, whether you rent with or buy, and how to achieve the maximum return in Duisburg learn in our article about brokers in Duisburg.

• Real estate agent in Duisburg

Rent, buy, live in Wuppertal

A good start in the real estate world is always the purchase of the first apartment. Daniel von Baum explains in his interview with FIV Magazine his experience with real estate in a good C-location. The yield here depends on the type of house or apartment. For example, micro-apartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Elberfeld, Vohwinkel and other districts such as Cronenberg and Uellendahl-Katernberg.

This is Wuppertal in Germany:

Wuppertal from close up:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your freshly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buy: Return on investment through real estate

In our interview, you can find out everything about real estate and returns in Wuppertal. Should you buy a property in Wuppertal or is it more worthwhile to buy nearby, for example in Solingen and Hagen?

Real estate agent interview about real estate in Wuppertal

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Wuppertal but also tips for capital investments. We ask the questions, he provides the answers.

Daniel von Baum Immobilien: Interview Partner

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

Daniel von Baum: Dear readers, we specialize in the marketing of private real estate. In particular, single-family homes, duplexes and townhouses. And, of course, apartments, which are also increasingly being brokered to capital investors and not just owner-occupiers.

Favorite properties in the city

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

Daniel von Baum: I prefer to broker special properties, because it’s simply something special. I currently have a carpenter on offer and am looking for a successor there. Tragically, the owner’s wife suddenly became a widow, and I was asked to help out through recommendations. I do that of course gladly and also completely unselfishly. If I find a buyer, then I am happy for the heirs or young family.

Old building in the center of Wuppertal:

Neighborhoods with a future: The Briller Viertel

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?

Daniel von Baum: The Briller Viertel, which has the largest contiguous villa district in Germany, is definitely a classic. I, too, am lucky to work in such great locations. Young people prefer the Nordstadt or the Ölberg, also called the “Kreuzberg of Wuppertal”.

Development of the real estate market: rising rents

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?

Daniel von Baum: Rents are also continuing to rise in Wuppertal. In contrast to Düsseldorf and Cologne, rents are still affordable, but they are on the rise.

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?

Daniel von Baum: Definitely buy! You should not miss the start of the purchase, otherwise the redemption period will be shorter and shorter and you will have to raise more equity. I have the feeling that Wuppertal still has room to maneuver in terms of square meter prices, even if you notice that interest rates have already risen.

Buying your first home: Mistakes & Safety

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?

Daniel von Baum: It is certainly important that the monthly burden is not too high. Also one should read into the minutes of the owner meetings, since one is finally “married” with such then and if there is already dispute, then better not say “yes”.

Real estate transfer tax and incidental purchase costs

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

Daniel von Baum: A very big issue at the moment is the property tax, which is being reformed. It will certainly not become cheaper with the reformation, which is why it can then also become much more expensive in good locations. How a building is heated or what energy standard it has is also important – of course. A good value to calculate the current burden (tax and ancillary costs) of a property is: 3 EUR/sqm.

Suspension railroad in Wuppertal:

Tips for All: Real Estate as an Investment

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?

Daniel von Baum: In the meantime, some districts in Wuppertal have really become very expensive. You can hardly find anything for less than 20 times the annual net cold rent, and I suspect that prices will not continue to rise much further. Along the valley axis, there are cheaper properties here and there with corresponding returns. Furthermore, the Nordstadt is of course a good investment, as it is still very popular for living.

The best types of real estate: renovate factory building?

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

Daniel von Baum: I would invest in the existing stock. There are great old factory buildings that can be converted and re-rented. There are also a lot of listed properties that want to be brought back up to today’s standards and re-rented. Unfortunately, another issue is problem properties where the owners can no longer be located. These properties fall into disrepair and the city’s hands are tied. I think such properties should be able to change owners more quickly so that they are restored to a good condition!

Experience selling in Wuppertal

FIV: Finally, one more question: You 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?

Daniel von Baum: Experience has taught me that the thorough processing of property-related data/information is essential for marketing success. It is better to take a little time with the thorough processing of the object than to start directly with the marketing!

Thanks to Daniel from Baum Immobilien for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Wuppertal

For the realization of their dream of the first home, whether you rent or buy, and how to achieve the maximum return in Wuppertal learn in our article about realtors in Wuppertal.

• Real estate agent in Wuppertal

Rent, buy, live in Freiburg

A good start in the real estate world is always the purchase of the first apartment. Pierre Bruns of Brumani Immobilien explains in his interview with FIV Magazine his experience with properties in a good C-location. The return on investment here depends on the type of house or apartment. For example, micro-apartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Betzenhausen, Ebnet and other districts such as Haslach and Günterstal.

Here is Freiburg in Germany:

Freiburg seen from close up:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your freshly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buying: Return on the property

In our interview, you will learn everything about real estate and returns in Freiburg. Should you buy a property in Freiburg or is it more worthwhile to buy nearby, for example in Denzlingen or Kirchzarten? Or you may find what you are looking for in another city in Baden-Württemberg.

Real estate agent interview about real estate in Freiburg

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Freiburg but also tips for capital investments. We ask the questions, he provides the answers.

Brumani Real Estate: Interview Partner

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

Pierre Bruns: The company was founded in 2017 by Pierre Bruns and Joachim Niehaus. Thanks to the entrepreneurial experience of Joachim Niehaus and the sales and marketing experience of Pierre Brun, the two founders were able to complement each other well. This is how the vision to change the real estate market in Freiburg was born. We work for this with a unique and innovative concept.

Our mission is to help property owners sell their property and achieve the best possible result for him. At the same time, we are always looking to find the ideal buyer for the seller, who brings the maximum appreciation for the property and is a perfect match for the property. Through this concept, we have already made many buyers happy and even more sellers.

Favorite properties: apartment & generation house

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

Pierre Bruns: Preferably all of them! From large multi-generation houses to cozy 1-room apartments. As a real estate agent, it is simply the nicest thing to look into two happy faces at the notary appointment. Of course, demand is particularly high for upscale properties, especially in the popular districts of Freiburg, such as Herdern or Wiehre, and it is always nice to see how prospective buyers fall in love with the property and can’t get out of their amazement. Which makes the rejections all the more difficult for us.

But even our smaller objects have their own charm, so that in the end the new owners are happy with their purchase.

The team of Brumani Real Estate:

Neighborhoods with a future in Freiburg: Littenweiler & Wiehre

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

Pierre Bruns: Freiburg has a lot to offer and no matter which of the 28 districts someone moves to, it is always beautiful! We are also noticing that more and more people want to combine city life with proximity to nature.

Every district of Freiburg is special and unique.

Even if you know them all and have lived here for a long time, it’s hard to make a decision. Littenweiler, Wiehre, Zähringen and Herdern are of course in vogue with families. The fact that these districts have quasi direct access to nature is very attractive. For students and singles, the districts of Altstadt, Oberau, Stühlingen or Betzenhausen can be interesting. There is definitely something going on here day and night. A small tip for the future is the district Brühl at the old customs hall.

There has been a very great development here in recent years with many new buildings. This could become a new place-to-be in the future. Of course, this is also a matter of taste. As real estate agents in Freiburg, we are sure that the districts that are particularly in demand in Freiburg will remain in demand in the future.

On our website brumani.de we have also created a small subpage for each district, where everyone can get detailed information about the respective district.

Development of the real estate market: rising purchase prices

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

Pierre Bruns: It is probably no secret that purchase and rental prices in Freiburg have risen rapidly. The market value development over the last ten years in Freiburg is between +96.1% and 108%. Forecasts predict that there will be a small dip next year. By the end of 2023, market values will be back at current real estate prices. Which forecast will ultimately come to pass remains to be seen; no one can look into the future.

Regarding rents. Due to the constantly rising purchase prices, it is also no wonder that rents are increasing. In 2017, the average price per square meter for a 40m² apartment was €14.20. In 2019, the average rental price in Freiburg was then already at 15.40€. We assume that rents will continue to rise in the future. Please visit our website to learn more about the price developments in the individual districts of Freiburg.

Buying or renting real estate: Risks with the loan

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

Pierre Bruns: With current interest rates, it is of course very lucrative to buy a condominium. Provided the property is in good condition and is bought at a fair market price. If you are considering buying an apartment or even a house in Freiburg, you should basically consider how much equity you bring with you and what risks you are taking on with a real estate loan.

In addition, you should definitely prepare a profit and loss account. This way you will definitely make sure that the purchased property does not only cause expenses. A real estate purchase is always a very individual and should be very well thought out.

The first home of one’s own in Freiburg: Opportunities for financing

FIV: Anyone who rents in Freiburg im Breisgau 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?

Pierre Bruns: You raise an important point there! The long-term burden of a real estate loan should not be underestimated. Especially with the first condominium, it is important to contact several financial advisors and to look closely at the current interest rates. Another typical mistake made by first-time buyers is not informing themselves extensively about the location and the living experience of the purchased property.

In any case, look at several different properties. Find out about the location, transport connections, public facilities and the quality of life in the respective region. Although Freiburg is a very green and lively city, each district has its own charm. Perhaps you would prefer to get out of the city life and move to one of the communities bordering Freiburg.

Incidental purchase costs and land transfer tax

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

Pierre Bruns: When selling real estate in Freiburg, which is part of the state of Baden-Württemberg, a real estate transfer tax of 5% must be paid by the buyer. In addition, there are the notary fees and the broker’s commission. Since the end of 2020, both buyer and seller bear the brokerage costs equally. If the real estate agent and the owner consequently agree on a commission of 3 percent, the agent may also demand up to 3 percent from the buyer.

The costs for the notary and the land registry are borne by the buyer alone, which is about 1.5% of the purchase price. In total, the buyer can add another 10% to the purchase price when buying a property.

The purchase costs at a glance:

• Real estate transfer tax: 5%
• Brokerage costs 50/50
• Notary & land registry fees: 1.5%

Freiburg’s cemetery:

Tips for investors in Freiburg im Breisgau

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

Pierre Bruns: Freiburg is currently a paradise for investors, because constant rental income is very secure here. The vacancy rate is 0.4 percent and the city of Freiburg is actively combating misuse and vacancies, because demand is high! We firmly believe that real estate investors will have no problem finding a suitable tenant in all of Freiburg’s districts in the future.

The Brühl district could be particularly interesting for the future.

As mentioned earlier, the infrastructure in Brühl is being expanded further and further and many new construction projects are being built. In February 2019, 60 percent of Freiburg residents voted in a referendum for the construction of the new Dietenbach district. Here, living space
for 16,000 people will be built, which naturally offers a lot of potential for real estate investors. The new district is located in the west of Freiburg, adjacent to the Rieselfeld district.

Types of real estate with a future – new buildings as capital investment

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

Pierre Bruns: There is no standard formula for this, because there are always several factors that play a role in a real estate investment. Ultimately, it always depends on one’s own purchasing power and the interests that a real estate investor brings with him. Both small and large properties can be interesting for investors. Due to Freiburg’s reputation as a student city, smaller properties will always be in high demand.

However, the larger properties are very popular with families. Pay close attention to the condition of the object in the case of existing properties. The big advantage is the lower purchase price compared to newly built properties. Usually there are already tenants in the property, so the rental income is already ongoing. New buildings are interesting for capital investments, because you can deduct a part of the acquisition, production and maintenance costs for the purchased property from your taxes.

This is not the only reason why new buildings are very popular with investors; they usually retain their value very well and are equipped with modern facilities. However, the price and location are also decisive here. It is no secret that the location of a property is a central factor in any purchase.

Sell house or apartment in Freiburg im Breisgau

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 real estate agent in Freiburg im Breisgau, 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 Freiburg im Breisgau?

Pierre Bruns: To provide sellers with the best possible support when selling their property, we have compiled guides and checklists for a successful property sale. By these private owners receive detailed pieces of advice and practical Tipps. The councellors and check lists can download themselves everyone free of charge on our web page brumani.de.

Thanks to Brumani Real Estate for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Freiburg

For the realization of their dream of the first home, whether you rent or buy, and how to achieve the maximum return in Freiburg learn in our article about realtors in Freiburg.

• Real estate agent in Freiburg

Rent, buy, live in Oldenburg

A good start in the real estate world is always the purchase of the first apartment. Ingo Eden of Eden-Ehbrecht Immobilien explains in his interview with FIV Magazine his experiences with real estate in a good D-location. The return on investment here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive in pricing, whether in Eversten, Thomasburg and other districts such as Haarentor and Wechloy.

This is Oldenburg in Germany:

Oldenburg again from close up:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your newly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buy: Return on investment through real estate

In our interview, you can find out everything about real estate and returns in Freiburg. Should you buy a property in Oldenburg or is it more worthwhile to buy nearby, for example in Rastede or Wardenburg? Or you can find a property in another city in Lower Saxony.

Real estate agent interview about real estate in Oldenburg

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Oldenburg but also tips for capital investments. We ask the questions, he provides the answers.

Eden-Ehbrecht Immobilien: Interview Partner

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

Ingo Eden: When we founded our real estate agency in 1999, we started with the slogan “Oldenburg’s new first address for real estate”. In the meantime we stand for nearly 23 years for trustful and reliable service approximately around the sales and the letting of high-quality living real estates and trade real estates in Oldenburg and environment.

Our customers and partners entrust us with high assets. Naturally, a high standard of service is particularly important to us. Confidentiality, reliability and intensive and personal communication are therefore the basis for a long-term and successful cooperation.

We are happy to be measured against this maxim every day.

Our claim is now underlined by the numerous awards and customer reviews we have received over the years. Most recently, Eden-Ehbrecht Immobilien was awarded the IDA Award 2022 for the second time. The Real Estate Service Provider Award is presented annually as an industry award by a jury of experts from BVFI, the Federal Association for the Real Estate Industry, together with the German Real Estate Fair.

Special attention is paid to reliability, service, appealing and versatile offer, trustworthiness, accessibility, communication and transparency of processes. Already in 2017, we received the coveted award and were even named one of the top 50 real estate agents in Germany in this context!

In addition to the industry awards, we are also particularly proud of our now 500 customer reviews with an average of 4.6 out of 5 stars, which confirm and motivate us every day in what we do.

The best real estate in Oldenburg

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

Ingo Eden: Of course, it is a special honor and pleasure for us when we are entrusted with so-called lighthouse projects or projects that shape neighborhoods for marketing. Such properties are always an exciting challenge, as they are often complex in structure and very long-term in marketing. It takes a lot of know-how, experience and stamina, things that we have proven to have after all this time.

The DREI HÖFE, for example, are one of these special projects that set new standards and will develop their appeal far beyond the city limits of Oldenburg. The Drei Höfe are being realized by four renowned companies that have already been responsible for a large number of projects in and around Oldenburg.

The trend-setting mixed concept combines hotel, gastronomy, retail, urban living and working on a total of 9,500 m² on five floors and a high level.

Eden-Ehbrecht Immobilien has successfuly marketed a large number of such projects in the past. This proves to us again and again that we can always prevail over other market participants with personality, expertise, reliability and many years of experience!

The Eden-Ehbrecht Real Estate Team:

Neighborhoods with a future: leisure and families

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

Ingo Eden: Which district is the right one is, of course, a very individual decision. For singles and couples, the area around the Old City Harbor could be interesting. In recent years, an attractive neighborhood close to the city center has developed there in a prime waterfront location. Modern architecture, a good infrastructure paired with the proximity to various restaurants, cinemas, theaters, museums and the offers of the city are certainly very exciting for younger new Oldenburger.

Families who are looking for a house with a garden naturally have other requirements. Proximity to nature, schools and the like are more important here. They often opt for the outskirts of the city. Here, the development area on the former air base site is a possibility if you are still looking for land for a new building.

People like to live closer to the city center in Bloherfelde or Eversten.

Here, however, it is currently rather multi-family houses that are being built by densification of the older structure. It will be difficult or expensive to get hold of a plot of land for a new single-family house. If you are looking for the typical Oldenburg doghouse, you will of course be happy to look for opportunities in the Dobbenviertel or the Gerichtsviertel.

In general, however, the demand in Oldenburg has been so high in all areas for years that one has to be quite patient to find or build the house of one’s dreams.

Development of the market: rising rents

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

Ingo Eden: Demand for rental apartments in Oldenburg has been above average for years. Oldenburg is one of the few cities of its size that has grown continuously and will continue to do so for some years to come. Despite high construction activity, especially in the smaller residential segment, supply is lower than it has been for a long time. This is likely to remain the case for some years to come.

The effects of the pandemic have certainly eased the situation somewhat. Nevertheless, you should start looking early enough to find something suitable.

In terms of prices, the trend means that rents are rising steadily in both existing and new buildings. Particularly in preferred locations and in the new-build segment, we have now definitely reached big-city level in Oldenburg.

Recommendations in Oldenburg: long-term orientation

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 Oldenburg?

Answer: Since the situation in Oldenburg, as described above, is currently not quite easy and prices are relatively high, this is certainly a question of long-term orientation. If you plan to find your new home in Oldenburg, a purchase can of course make sense. For a limited time, renting certainly makes sense. If you are new to Oldenburg and don’t know your way around yet, we like to advise you to first look for a rental apartment, get to know Oldenburg and the various districts, and then get a picture of the city on the spot.

This certainly also facilitates the search, as one can then react to offers accordingly at short notice. The dream properties at reasonable prices are rare and accordingly quickly allocated.

The first home: mistakes in the purchase

FIV: Anyone who rents in Oldenburg 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?

Ingo Eden: A typical first-time buyer mistake would of course be to purchase property without the support of a professional, such as an experienced real estate agent. The assessment of a property, whether new or existing, is relatively extensive and complex. If you do not know exactly what you should pay attention to, you can of course quickly make decisions that you may later regret or pay dearly. Especially in a tight market like Oldenburg, where quick decision-making is often the key to being able to buy a property at all.

As the saying goes, he who commits himself for eternity will be tested.

You should consult a specialist and not let the seller put you under pressure. Only when you are sure that the location, condition and price match your expectations should you make a decision. If any of this is still unclear, perhaps it was not yet the right object.

Incidental purchase costs and land transfer tax

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

Ingo Eden: The standard items here are, on the one hand, of course the land transfer tax, with currently 5% of the purchase price in Lower Saxony. Then approx. 1.5 – 2% for the notary and all necessary formalities must be calculated in. Depending on whether you buy the property through a real estate agent, you usually have to calculate up to 5.95% commission. According to the new legal situation, the seller and the buyer share the commission half each in the case of real estate for own use.

An overview of ancillary purchase costs:

• Real estate transfer tax: 5%
• Notary & land registry costs: 1.5-2%.
• Brokerage commission 50/50: 5.95%

Oldenburg from the bird’s eye view:

Real estate in Oldenburg as an investment

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

Ingo Eden: First of all, you would have to talk about whether it should be a residential property, commercial property or mixed property for investment. Since Eden-Ehbrecht Immobilien is now definitely one of, if not the largest commercial broker in Oldenburg, there is definitely a lot of potential here for experienced investors.

The very high demand for properties of all kinds certainly does not make it easy for new investors to enter the market in Oldenburg at the moment. Project developers are currently prepared to pay above-average prices per square meter. There is a lot of competition with other investors. Experience, speed and liquidity are often the decisive factors here.

Interesting places for investments: security and sustainability

In principle, you can certainly say that any options within the beltway are very interesting and certainly sustainable in the long term. But you certainly can’t go wrong in any urban area with a good, established infrastructure at the moment. New buildings with reasonable amenities and a price level in line with the market are currently not vacant for long in any urban area.

Interesting satellites have certainly always been Bad Zwischenahn and Rastede. But also the areas between the satellites and the urban area have become very interesting in the meantime.

What is certainly important in the long term is above all sensible financing, control of construction costs and price expectations in marketing. If an owner is dependent on having to rent out his property at very high prices per square meter for over 30 years, this can become problematic at some point in the face of demographic change and declining demand.

The best types of real estate in the city

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

Ingo Eden: The most popular form of investment at the moment is certainly the new multi-family house. 4-family, 6-family, 8-family, 12-family, depending on the property and the available liquidity. Especially the densified properties in popular urban areas are certainly attractive in the long term. With possible proximity to university, police academy or even clinics, smaller residential units are probably the right choice.

In structurally more mixed areas, a reasonable mix of smaller, medium and larger units will ensure long-term rentability. If you’re lucky, you can certainly buy an existing property with several parties in areas close to the city center, such as the Dobbenviertel or Gerichtsviertel. In the recent past, however, these have tended to be lucky cases.

The market for commercial real estate is certainly even more specialized. The opportunities to invest here are mainly used by expanding companies or strong project developers.

Living room of an apartment in Oldenburg:

Tips for selling real estate: expertise & experience

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 real estate agent in Oldenburg, 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 Oldenburg?

Ingo Eden: The first and best step would of course be to call or email Eden-Ehbrecht Immobilien. We have the expertise and experience to accompany the entire process from the first to the last step and to lead it to success together. As a seller, you certainly don’t do anything wrong, but everything right.

But seriously. If you want to sell a property in Oldenburg, we would recommend doing it together with a “professional” such as a real estate agent like us. Assessing the condition, market value and chances of selling are a bouquet of challenges that you don’t necessarily get right the first time. This is where experience will make a significant contribution to success.

Many owners think, if you carry out a free real estate evaluation on the Internet at one of the popular portals “evenly”, that they are then already well positioned. Here often only data are queried, in order to sell these then further to a broker. These companies act first of all in their own interest.

With real estate agent to successful sale

So recommendation would be to find out who are the best local real estate agents that can help you sell. After all, they still know the market the best. Look for customer reviews, experience, references as well as prompt communication once you have made contact. Invite a selection of 1, 2 or a maximum of three agents to meet them in person and show the property.

You will then usually receive appropriate estimates and valuations for the sale of the property. When making the comparison, it is especially important not to go by who gives them the highest selling price. That would be too easy.

In a hotly contested market like Oldenburg, some sellers like to use this method to get orders quickly. Because owners would naturally like to sell at the best possible price. But if the stated selling price is 20-30 percent above market value, disappointment quickly follows, with a reduction in the selling price.

Cooperation in the sale: important documents

Above all, sellers should listen to their gut feeling as to who they could imagine working with, regardless of the final price. The sale requires quite intensive assistance in terms of documents, appointments and so on. Above all, the “chemistry” should be right.

Some sellers use the information of the brokers, in order to sell the real estate then nevertheless themselves, because you shun perhaps the meanwhile half commission. That must know then everyone itself.

As one of the most and best rated real estate agents in Oldenburg, with over 20 years of experience and countless references in all areas, we are of course convinced that it definitely makes sense to sell a property with a professional at your side. The result will usually always be better than if you try it alone.

Thanks to Eden-Ehbrecht Immobilien for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Oldenburg

For the realization of their dream of the first home, whether you rent or buy, and how to achieve the maximum return in Oldenburg learn in our article about realtors in Oldenburg.

• Real estate agent in Oldenburg

Rent, buy, live in Frankfurt

A good start in the real estate world is always buying your first apartment. Lydia Ishikawa explains in her interview with us her experience with real estate in a good A-location. The yield here depends on the type of house or apartment. For example, microapartments have different exploitation possibilities than single-family homes. The meso location is also decisive for pricing, whether in Hausen, Bockenheim and other districts such as the Gutleutviertel or Eschersheim.

Here Frankfurt is located in Germany:

Frankfurt up close:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you naturally want to furnish your newly acquired property according to your individual needs. From the living room furnishings, to the garden design, nothing stands in their way of your creative imagination.

Buy: Return on investment through real estate

In our interview, you will learn everything about real estate and returns in Frankfurt. Should you buy a property in Frankfurt or is it more worthwhile to buy nearby, for example in Offenbach or Wiesbaden?

Real estate agent interview about real estate in Frankfurt

The first condominium or real estate as an investment? In this interview you will learn the most important tips & tricks. Buy, rent, live in Frankfurt but also tips for capital investments. We ask the questions, she provides the answers.

Lydia Ishikawa Real Estate: Interview Partner

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

Lydia Ishikawa: As an owner-managed company, we have been active in the Frankfurt real estate market for 30 years. Our main focus is the marketing of high-quality residential and commercial real estate, including both rentals and sales. Our international, well-trained and very experienced team is at our clients’ disposal with full commitment.

Favorite real estate: old building or new construction

FIV: As a broker in Frankfurt, which properties do you personally prefer to broker?

Lydia Ishikawa: We actually broker any property, but we are fortunate in that I can select the right employee depending on the type of property. So among us there are lovers of old buildings, Bauhaus lovers, lovers of new buildings. I personally love the 50s and 60s buildings.

The Lydia Ishikawa Real Estate Team:

Neighborhoods with a future: Lerchesberg & Nordend

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

Lydia Ishikawa: My favorite part of town is Sachsenhausen. Sitting outside in the evening on Schweizer Straße in one of the many restaurants is like a day’s vacation. In Sachsenhausen-North there are beautiful old-style buildings, Sachsenhausen-South is known for its single-family houses and Lerchesberg for its villas.

For young people the Nordend is a good address

Here, within walking distance of the city center, there are not only numerous well-maintained apartments in old buildings, but also many restaurants and shopping opportunities. If you want to live a little outside, then the Riedberg is a good place. Many families have settled here.

Real estate market development: policies and supports

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

Lydia Ishikawa: In Frankfurt, there is a lack of housing for low-income earners. Here, the policy of privatizing social housing is still making itself felt. The rental prices for new apartments show an upward trend, because here the rent index does not apply.

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 Frankfurt?

Lydia Ishikawa: With interest rates still low, I would recommend young people to buy. Here I would also like to see more help from the state for young families.

First home through credit & financing

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

Lydia Ishikawa: Often the loan installment is lower than the rent would have been, depending on how high the equity portion was. In this case, you can invest in real estate with peace of mind, because if you relocate, you could rent out that apartment and use the income to pay off the loan. When buying, however, one should make sure that the apartment is also rentable. For example, a 100-square-meter two-room apartment that was ideal for owner-occupancy will be far more difficult to rent out than one that is only 60 square meters.

An apartment in downtown Frankfurt:

Incidental purchase costs and land transfer tax

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

Lydia Ishikawa: Incidental costs in Frankfurt, and actually in Germany in general, are very high. The biggest item is the land transfer tax of 6 percent in Hesse, followed by brokerage costs of 3.57 percent and notary and transcription costs of 1.5 percent.

• Real estate transfer tax: 6%
• Brokerage costs: 3.57%
• Notary & transcription costs: 1.5%

Real estate as an investment: What has a future?

FIV: Frankfurt’s districts for real estate investment – we come still to real estates as capital investment in Frankfurt, for those, which want to buy and letting. If our*r Leser*in for the purchase with following letting, decides: Which two districts or satellites around Frankfurt would you recommend to a buyer for their capital investment in Frankfurt? In your opinion as an expert, where do the most future opportunities lie?

Lydia Ishikawa: I would recommend Sachsenhausen, Nordend, Westend, Riedberg and the Europaviertel.

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

Lydia Ishikawa: With the existing property, I know what I’m getting, and the numerous defects that have to be worked out in new buildings have already been taken care of. In addition, prices for new-build apartments are already very high at the moment. Two- and three-room apartments for singles and dinks, i.e. couples with “double income, no kids,” are interesting here, but also single-family homes for young families.

The best districts for capital investment:

• Sachsenhausen
• North End
• Westend
• Riedberg
• European Quarter

Experience in the sale in Frankfurt

FIV: Finally, one more question: You mentioned the typical mistakes when buying a property. Many buy, but some also want to sell. As an experienced broker in Frankfurt, 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 Frankfurt?

Lydia Ishikawa: The first step is realistic pricing. You should rely on the judgment and experience of experts. They are close to the market and can judge it best. When selling real estate, I also recommend choosing an experienced, trustworthy broker who specializes in the type of real estate your property is selling, and then staying in close contact with this expert.

FIV: Thanks to Lydia Ishikawa Real Estate for the interview!

Buying your first apartment: Owner occupation or capital investment

You want to realize the dream of the first own property, but do not know where to start? Learn everything about the first home and the most important steps in our article.

• Buy first apartment

Rent, buy, live in Frankfurt

For the realization of their dream of the first home, whether you rent with or buy, and how to achieve the maximum return in Frankfurt, you will learn in our article about realtors in Frankfurt.

• Real estate agent in Frankfurt