Rent, buy, live in Gelsenkirchen

Our real estate interview partner specializes in brokering, selling and renting real estate in Gelsenkirchen. We talked to the real estate agent team in an interview about attractive districts, financing options and the Gelsenkirchen real estate market. Here you can learn everything about buying your first home, different types of houses and apartments.

Gelsenkirchen at a glance

Gelsenkirchen from close up:

Rent: Tips on price development

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

Buy: Good yield and districts

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

Real estate and market in Gelsenkirchen: The interview

In an interview, we got to know a renowned real estate company from Gelsenkirchen better and asked everything about the real estate world. Here you will learn everything from incidental costs to the best investments.

Interview Partner: Schenk Real Estate

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

Thorsten Schenk: We mediate any type of residential real estate such as condominiums, houses, apartment buildings and land. Here we purchase and letting made. In addition then still objects on the favorite island of the Germans Mallorca come. Of course we also mediate commercial properties. As a further service we offer the mediation of notaries, lawyers, financing and craftsmen. Also we have now care real estate and micro apartments in the offer.

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

Thorsten Schenk: The company Immobilien Schenk prefers to broker residential properties of any kind. Commercial properties of any kind are also interesting, because they are always different and you always see new facilities and buildings.

Gelsenkirchen district:

Districts with a future: Buer, Sutum & Resse

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

Thorsten Schenk: The most popular districts are in the north of Gelsenkirchen with the districts of Buer, Resse, Resser-Mark, Erle and also still Sutum. But there are also very nice places to live throughout the city.

Buer is a popular district in Gelsenkirchen:

Market prices Gelsenkirchen: The development

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

Thorsten Schenk: There are many older properties in Gelsenkirchen and they need to be renovated. This means that rents could also be adjusted. Many investors are currently coming to the Ruhr region to buy properties, because there are no more properties to buy cheaply in the big cities.

Rent or buy? Broker assessment

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 Gelsenkirchen?

Thorsten Schenk: It always depends on where you personally see yourself in old age. I know many people who see their retirement home abroad. And of course it also depends on income. But in general, property is a good choice.

Real estate agent Thorsten Schenk:

Beginner mistakes when buying real estate

FIV: Anyone who rents in Gelsenkirchen 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?

Thorsten Schenk: With many first-time buyers, you simply don’t really see the monthly burden and the additional costs for managing the property. In addition, the entry prices are too high today because people want to have a property at all costs.

Taxes and incidental expenses incurred

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

Thorsten Schenk: In NRW we have 6.5% land transfer tax, for the notary you can add a good 2% and then the brokerage fee. Depending on the property and the broker, this is between 2.5% and 5% plus VAT.

Incidental costs in NRW:

• Real estate transfer tax: 6.5%
• Notary: 2%
• Depending on object/broker 2.5% to 5%

Capital investment Gelsenkirchen: Buy and rent

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

Thorsten Schenk: The districts in the north with Buer, Erle and Resse certainly have the best potential.

Living room in a single-family house in Gelsenkirchen:

Investment in conversion and expansion of old building

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

Thorsten Schenk: In my opinion, the conversion and expansion of old buildings have the greatest potential in Gelsenkirchen because of the purchasing power. I would also say smaller single-family homes with gardens.

Typical mistakes when buying a property

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 Gelsenkirchen, 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 Gelsenkirchen?

Thorsten Schenk: You have to know the local conditions in the Ruhr area and understand the language of the Ruhrpott.

Thanks to Thorsten Schenk for the interview!

Rent, buy, live in Gelsenkirchen

The real estate market in Gelsenkirchen is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 10 best real estate agents from Gelsenkirchen, who can make your dream of your property possible.

• Real estate agent Gelsenkirchen

First apartment? Step by step to capital investment

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

• Buy first apartment

Rent, buy, live in Leipzig

The optimal entry into the real estate world is the purchase of the first condominium. Our interview partner specializes in the brokerage, sale and rental of real estate in Leipzig. For this very reason, we talked about attractive districts, financing options and the Leipzig real estate market in an interview. Here you can learn everything about buying your first apartment, different types of houses and types of apartments.

Here you can see Leipzig at a glance:

Leipzig up close:

Rent: Contract & Settlement

After the successful purchase of the property and the execution of the purchase contract, you will naturally want to furnish your freshly acquired property according to its individual needs. Then you should definitely know more about bedroom furnishing and beautiful terrace design. Home is where you feel comfortable!

Purchase: Borrow

Find your new home in attractive neighborhoods of Leipzig like Connewitz, Bachviertel and Graphisches Viertel. Are you also interested in other cities in Germany? We have selected other interesting cities for you, such as Dresden, Cologne and Halle-Saale.

Real Estate Interview in Leipzig

The real estate market in Leipzig is large and complex. It is easy to lose track of the current market prices and the selection of offers. It is important to know the basic facts in order to avoid serious mistakes when buying real estate and, above all, to save a lot of money. For this very reason, we spoke with a real estate agent from Leipzig, who reveals everything about property taxes, ancillary costs, popular districts and the most effective capital investments.

Interview partner Ic Immoconsult

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

Ron Kaufmann: I founded IC Immoconsult e. K. in 2009. I am a native of Leipzig, a child of the GDR, so to speak. However, I have been in the real estate business since 1996. From this time I have business and friendly contacts until today, which is remarkable in any case. The resulting field of trust is a building block of success. Likewise, since the beginning we have received super ratings in Google and the real estate portals for our work, or for the properties. That is also a building block. And we are only successful when we have brought together satisfied landlords / sellers and satisfied tenants / buyers.

Real estate orders and target work

Ron Kaufmann: We originally came from the rental of apartments and commercial space and then had more sales transactions after the real estate crisis from around 2008. It must be clearly stated that we also enjoy renting very much, even if sales are of course more lucrative in terms of turnover. But the fun at the job stands for us in the 1st place. That is the backbone of good and goal-oriented work. In the end, we have no special preferences of the property. We look at each real estate order and develop with the client an agenda to the property.

Apartment building in Leipzig:

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

Ron Kaufmann: As described above, it’s also fun to broker difficult properties. After all, everyone can rent and sell the “raisins”, right? So there is no such thing as a favorite property.

District: A-location, student corner & center

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

Ron Kaufmann: Let me put it this way – there are not really bad and good locations, since Leipzig’s districts are clustered around the manageable center. Of course, there are AAA locations, student corners, commercial locations ect. In 2022 it is generally hard to get a dream apartment (whether renting or buying) in your dream location. Also the gap between rent and yield is widening in the meantime. So that it must be looked then rather, what gives the purse or the bank.

The “roasted pigeons” have not been flying around in Leipzig for a long time. Thanks to many project and neighborhood developments, even peripheral areas and the “Speckgürtel” of Leipzig have potential. All of them now have all the prerequisites for the private and social sectors.

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

Ron Kaufmann: On average, rents will rise if you only consider development costs and construction prices, among other things. In addition, of course, there are political decisions that regulate, among other things, the labor market, financing, etc.. But Leipzig also has a very good reputation and life here is also very pleasant for many “foreigners”.

Fitted kitchen in a single-family house in Leipzig:

Rent or buy? Broker assessment

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 Leipzig?

Ron Kaufmann: Owning a property as an investment or for personal use is not the wrong decision. A young person, of course, has an easier time with repayment than someone buying in their late 40s. But there are always third parties (bank, property location and property equipment, sense of use, equity) that play a role in what is possible and what is not.

First time buyer errors and experiences

FIV: Anyone who rents in Leipzig 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?

Ron Kaufmann: If you no longer want to use the property yourself, you can also rent it out in Leipzig so that the tenant covers the ideal loan installment. What now first-time buyer errors are exactly, I do not know so. If the buyer asks the real estate agent in advance and the buyer also informs himself somewhat in advance, few mistakes can occur.

Taxes and ancillary costs: What should you expect?

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

Ron Kaufmann: Things are still looking good, since the real estate transfer tax is still 3.5% of the sales amount in Saxony. In other federal states this goes up to 6%. The notary should be about 1.8% of the purchase price. There I can speak only for Leipzig. And the brokerage costs. This can be differentiated by the type of property.

Incidental expenses:

• Real estate transfer tax: 3.5%
• Notary fees: 1.8%
• Brokerage costs: Individual according to property type

Real estate as an investment: Best location

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

Ron Kaufmann: There is no bad situation in Leipzig. There is demand everywhere from every social class. The better the floor plan and furnishings (e.g. also when renovated after second occupancy), the better the rent, but also the purchase price.

Here you can see an office building:

Real estate and its future opportunities

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

Ron Kaufmann: That depends on the financing possibilities of the buyer. If he pays 20,000 € monthly negative interest, he should buy a multi-family house ect. Buy the parents for their child a dwelling, which studies in Leipzig, there the situation to the university must be perhaps good. The next wants to buy cheap, high-quality renovate and “develop” the rent. The approaches are different each time and not comparable.

But in general, out-of-towners want to live in a renovated apartment in an old building, because they don’t know it from their old place of residence. Newly built apartments usually have underground parking spaces underneath. This is also a decisive factor for many people. That’s why Goethe (Leipzig is my Little Paris) and Schiller already felt at home here.

Safe real estate purchase: avoid mistakes

FIV: Lastly, 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 Leipzig, what tips can you give to those who are selling a property for the first time? What are the first steps and how to sell a property in Leipzig successfuly?

Ron Kaufmann: Find a broker you can trust. The buyer should already have an idea of the selling price. A broker is more of a price enforcer on the sales market. And getting to know each other personally on the phone is the first step. Before that, the seller should read up a bit on the broker and check his Internet presence.

A market and sales strategy is found when we know the key facts.

Rent, buy, live in Leipzig

The real estate market in Leipzig is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 10 best real estate agents from Leipzig, which can make your dream of your property possible.

• Broker Leipzig

First apartment? Step by step to capital investment

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

• Buy first apartment

Rent, buy, live in Leipzig

Our interview partner, has specialized in the mediation, selling and renting of real estate in Leipzig and the surrounding area. We have talked with the real estate agent from Leipzig in an interview about attractive districts, financing options and the current real estate market. Here you can learn everything about the first apartment purchase, different types of houses and types of apartments.

Here you can see Leipzig at a glance:

Leipzig up close:

Rent: Tips on price development

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

Buy: Good yield and districts

Find your new home in attractive districts of Leipzig such as Plagwitz, Connewitz or Gholis and avoid serious mistakes with your purchase! Find out what you should know before you buy in this article! Are you also interested in cities in NRW? We have selected other interesting cities for you, such as Frankfurt, Munich and Düsseldorf.

Interview about the Leipzig real estate market

In an interview, we got to know a Leipzig real estate company better and asked everything about the real estate world. Here you can find out everything from incidental purchase costs to the best capital investments.

Interview Partner: Home Real Estate

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

Daniela Kasch: The vision of our real estate agents is to give the real estate industry a righteous and human face. The purchase and also the sales of a real estate are finally very special and for the most part also very emotional life moments. Our founder, Daniela Kasch, herself comes from a management consulting background and today, as a certified appraiser and business economist, can count herself among the most popular real estate agents in the city with a team of five outstanding female brokers.

Due to her membership in the BNI – Business Network International – a professional association of regional business people, Daniela Kasch has an extensive network throughout Germany and is in constant exchange with financing specialists, architects and appraiser colleagues about the real estate market. A real estate sale is characterized by memories and the course towards new goals.

We accompany and support on this exciting journey, with know-how, many years of experience, empathy and personality from the first thought to the joyful toast after the notary appointment. Since 2010, Nach Hause Immobilien GmbH & Co KG has accompanied the purchase and sale of real estate in the Leipzig area and our entire team is aware that sellers and buyers place great trust in us.

It is not only our mission to achieve the best possible price in the shortest possible time, but also to find a worthy successor for the properties that have often been the living space of our clients for years. In recent years, we have been able to reunite hundreds of properties with new residents or users. We focus mainly on the areas of single-family homes, condominiums and apartment buildings.

Mediation of trendy real estate

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

Daniela Kasch: The sale of real estate should be carefree and, above all, a pleasure – that is our claim for every owner who wants to part with his property. The more trusting and attentive the cooperation is, the more motivation there is to market the property. Properties where personal stories have been written, divorce properties, historic estates and older estate houses not only demand our mediation talent, but also our marketing know-how.

Also for this reason, these properties are welcome orders in our brokerage office. When selling rented and non-rented condominiums, we carefully consider whether the prospective buyers are owner-occupiers or capital investors. For owner-occupants it is more convenient if the condominiums they wish to purchase are not rented.

In this way, one avoids the notice of owner-occupancy and does not leave behind any worried tenants at the viewings. If the prospective buyers are capital investors, it is of course an easier process if the apartments are already rented. This way, the capital investor can count on secure rental income from day one.

Leipzig old building apartment:

Future districts: Schleußig, Leutzsch & Connewitz

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

Daniela Kasch: Gentrifying and popular neighborhoods for young people, singles and the like in Leipzig are the trendy Südvorstadt district, the hot spot Connewitz, the creative Plagwitz district, Schleußig and the attractive neighborhoods around Leipzig’s Clara Zetkin Park. Families with children are more likely to be drawn to picturesque Gohlis, the quiet garden suburb of Marienbrunn, or Leutzsch, Böhlitz Ehrenberg and Knautkleeberg for the nature lovers among our shoppers. The peripheral areas close to the city are also currently in particularly high demand, as it still seems financially possible for young families to purchase here, or at least there is hope of an affordable purchase price.

Live beautifuly in:

• Connewitz
• Plagwitz
• Schleußig
• Clara Zetkin Park
• Gohlis
• Marienbrunn
• Leutzsch
• Böhlitz-Ehrenberg
• Knautkleeberg

Marienbrunn district

On our homepage, we have created location descriptions for the advantages and flaws of the corresponding residential locations. In our real estate exposés you can also find out what makes the property and its surroundings so special. For each real estate offer the prospective customer receives an extensive documentation. From technical documents to evidence of ownership and ancillary costs, there is a digital file that gives prospective buyers a precise insight into the property details.

We generally recommend to our prospective buyers that the financing of the property is already clarified before the viewing, in order to be able to prove this in writing at the viewing, if possible. For this purpose we have prepared a guideline for our prospective buyers, so that also here – at least organizationally – nothing can go wrong. So they are then in a position to make a speedy decision when their gut feeling is also right. The probability of being outbid by other numerous competitors is quite low in this case.

Rental price development in the Leipzig area

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

Daniela Kasch: Leipzig’s housing market can be described as dynamic, but compared with cities such as Berlin or Munich, rental and purchase prices in the trade fair metropolis have risen rather moderately. Currently, the prospects are uncertain, some discourage based on the population growth of recent years with impending housing shortages and unaffordable rents, others predict that the many new construction projects could lead to new vacancies.

The average rent in Leipzig in 2019 was between €5.50/m² and €7.00/m². These figures reflect existing rents and asking rents. Existing rents relate to actual rents for existing tenancies and asking rents are the rents at which apartments are offered on the internet or in other media. In order to assess the market development in Leipzig correctly, some basic considerations would have to be made first.

To put it simply, it is important to remember that the housing market is made up of supply and demand, as well as other key indicators. Since supply does not currently match demand, it is not possible to speak of a balanced housing market. This tight market is therefore characterized by rising rents. In Leipzig, demand has developed more dynamically in recent years than in any other city.

Apartments built in prefabricated slab construction still have rents below the citywide average, while rents in refurbished old and new buildings are above average. Thus, in this level today one can rather expect apartment offers with a rent of 8.50 €/m² to 10.00 €/m².

Rent prices in comparison:

• 2019: 5,50 € to 7,00 € per m²
• 2022: 8,50 € to 10,00 € per m²

Luxurious family house:

Broker recommendation: Rent or buy?

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 Leipzig?

Daniela Kasch: Germany has always been considered a country of renters, as the data from the Federal Statistical Office show. About 50% of real estate is occupied for rent, and there are historical reasons for this. Today the restraint is owed to the fact that living became more expensive, thus many city dwellers simply cannot afford their own real estate. Many factors make it difficult to buy real estate. Since the corporate purpose of Nach Hause Immobilien is the sale of real estate, we are biased on this issue, because we generally recommend buying.

Whether renting or buying is the better recommendation depends not only on age but above all on what one’s own life plans envisage.

We would like to advise young families to buy real estate, because the old adage “material value beats monetary value” still holds true today. Older people, on the other hand, we recommend renting an apartment after selling real estate, because what was not a problem in the past can cloud the joy of owning your own little house in old age. The garden is more work than fun. The children’s rooms have been unused for years. The stairs to the upper floor are becoming more and more arduous. Perhaps the time has come to put down new roots, sell the cottage, become financially independent and start the fourth phase of life carefree with a comfortable, barrier-free apartment.

Typical first-time buyer mistakes: tips & experiences

FIV: Anyone who rents in Leipzig 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?

Daniela Kasch: Anyone buying real estate for the first time faces many questions. It is therefore useful to prepare well in advance in order to carry out the real estate purchase safely and without risks. We support our buyers in their preparation. And so that they can plan reliably, we have developed a guide on how the real estate purchase will be successful. And for this, first of all, it is absolutely necessary that the prospective buyers bring all the people who are important for their decision making to the viewing appointment.

In this way, they are able to clarify the points that are open to you and can make an unhindered and binding decision. The right financing advice is what counts: The most important stage to the purchase of the property is the financing concept, because today we conduct viewings only with those interested parties who have clarified the financing of the property and can prove this in writing. A common mistake made by first-time buyers is the assumption that they need to have seen the property before they talk to a financing advisor.

Bedroom in Leipzig apartment:

Now put yourself in the seller’s position: Why should the owner of the offered property let you into his house if he doesn’t even know whether you can afford this property at all. Also the purchase from private holds high risks. Here saving can become then correctly expensive. Simply put, two beginners meet each other here.

Our prospective buyers can avoid the most common beginner’s mistakes by hiring an experienced real estate agent for the purchase, who supports and guides them, procures all documents for their financing bank, prepares an informative exposé for them, explains a purchase contract, checks floor plans and living spaces, takes over their dealings with the authorities, determines the market price, negotiates with the seller, points out critical areas to them and recommends the property to them without hesitation. Because buying real estate is not “without”.

Service charges & taxes: You have to reckon with that!

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

Daniela Kasch: Incidental purchase costs are incurred with every real estate purchase. In addition to the purchase price, buyers of a property must factor in incidental costs of around 10 to 12 percent, because different rules may apply in each federal state and different brokerage commissions may apply depending on the type of property. For example, if a single-family home is offered by a real estate agent, a brokerage commission of 7.14 percent of the purchase price is due.

Since the end of December 2020, in accordance with the new commission law, the buyer and seller share this brokerage commission, so that the purchaser of this single-family house must calculate a brokerage fee of 3.57 percent. The next cost item is for the notarization of the purchase contract and the entry in the land register. These fees amount to around 2 percent of the purchase price. The last cost item to be mentioned is the land transfer tax (GrESt). The amount varies between 3.5 and 6.5 percent depending on the federal state and is currently 3.5 percent in Saxony.

Incidental expenses:

• Commission 7,14 % of the purchase price
• Notary + land register 2 %
• Real estate transfer tax 3.5
• Total 10-12 % Incidental costs

Real estate as an investment

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

Daniela Kasch: In our opinion, investors will find the most future opportunities in the outskirts of the city, because this is where the greatest development potential lies and purchase prices have not yet been exhausted in the peripheral areas. Popular peripheral areas are, for example, Markkleeberg, Markranstädt or also Großpösna and Taucha. However, if you have the opportunity to purchase a property in districts such as Schleußig or Plagwitz at a moderate purchase price, then you should strike here.

Popular fringe areas:

• Markkleeberg
• Markranstädt
• Großpösna
• Taucha
• Schleußig
• Plagwitz

Markranstädt at a glance:

Schleußig district:

These two districts are very popular with families due to their proximity to the city center, the direct water connection to the river “Weiße Elster” and their proximity to the Clara Zetkin Park. Due to the fact that there are many families with children in these two districts, living space is always needed and also sought in this area.

Real estate with a future: listed properties, apartments & student housing

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

Daniela Kasch: As a native of Leipzig, I have to say that Leipzig as a real estate location is in principle a location with a future. (Laughing face) Nevertheless, this question cannot be answered simply in one sentence, because it is important to ask which type of real estate best suits the investor. Here one must discuss exactly what the ideas and goals of the real estate buyer are.

For example, does the investor have a very high taxable income? In this case, an investment in a listed property can make sense in order to reduce the annual tax burden. Investments in listed properties are very popular anyway because, in addition to the depreciation on listed buildings, they are often also subsidized by the KfW Bank. Another point is, for example, the question of the target tenant group.

Many investors like to buy 2-room apartments, preferably as apartments, equipped with a fitted kitchen. Leipzig is a student city, so such an investment can always make sense. Of course, always provided that the return is right.

Broker tips & first steps

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

Daniela Kasch: At least once in a lifetime, the moment comes when the previous home no longer fits. Whether it has become too big or too small, the family situation has changed or a move to another city is pending – in any case, we are familiar with these situations and accompany the change to the new four walls in a particularly uncomplicated and charming way. Above all, we ensure that no mistake is made in this situation when selling the property.

Kitchen with dining room area:

We find the fairest price for the property and with a few adjusting screws we can still optimize the price. For example, it sometimes makes sense to spruce up the property with a light renovation or to present the property to potential buyers for viewing in a particularly homely ambience with borrowed furniture – so-called “home staging”. Even if a marriage or relationship breaks down, the joint home does not have to become a cost trap, but should provide both parties with a good financial cushion for a new start.

As trained mediators, we brokers circumnavigate every war of the roses and always keep the greatest benefit for all in focus. We organize flyers, direct mailing, marketing in internet portals, presentation on our homepage and in print media. Your property has now generated a lot of attention. Now it is time to separate the wheat from the chaff among the interested parties. Only a suitable preselection comes to the viewings, in order to spare you the “inspection tourists” in your four walls.

We negotiate with buyers according to your specifications – something that also needs to be learned. The most promising prospective buyers are subjected to a credit check, so the owners are spared the unpleasant question about the financial framework of the possible buyers. It is often helpful to also offer the potential buyers healthy financing, so that the sellers can get their money without complications.

With the notarization of the purchase contract at the notary, the purchase is bindingly completed. And even after that, we are still at your side, e.g. when you move into your new dream property.

In conclusion, the sale of a property follows a well-planned strategy.

At every stage of this process, you have both the professional experience and the passion for the property at your side with the female brokers. Each phase is planned and carried out with the necessary care and the possible speed, so that for the owners the sale of your property is not a stressful feat, but the most exciting business of your life.

Many thanks to Daniela Kasch for the interview!

Rent, buy, live in Leipzig

The real estate market in Leipzig is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 15 best real estate agents from Gelsenkirchen, who can make your dream of your property possible.

• Broker Leipzig

First apartment? Step by step to capital investment

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

• Buy first apartment

Rent, buy, live in Braunschweig

Our interview partner specializes in the brokerage, sale and rental of real estate in Braunschweig. We talked to the real estate agent team from Braunschweig in an interview about attractive districts, financing options and the Braunschweig real estate market. Here you can learn everything about buying your first home, different types of houses and apartments.

Brunswick at a glance:

Brunswick from close up:

Rents: Family-friendly neighborhoods

You have decided to rent a house or apartment? Then you should definitely know more about bedroom furnishing and beautiful terrace design. Home is where you feel comfortable!

Buy: Invest and capital investment

Find your new home in attractive districts of Braunschweig such as Bebelhof, Elmaussicht or Gliesmarode and avoid serious mistakes in your purchase! You can find out here which questions you should answer before buying your property! Are you also interested in other cities? We have selected other interesting real estate agents in cities such as Düsseldorf, Aachen and Duisburg.

Interview: Real estate in Braunschweig

In an interview, we got to know a real estate company from Braunschweig better and asked everything about real estate, renting, buying and capital investment. In this article you will also learn which questions you should answer before buying a property.

Real estate agent Adner & Partner: Interview Partner

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

Adner & Partner: Our focus is on the sale and rental of residential real estate. We specialize in condominiums and single-family homes. In addition, we broker investment properties, such as multi-family houses or rented condominiums. In addition, we regularly set up new construction projects, which are realized with a friendly architect and developer.

So far, 5 apartment buildings have been built in Braunschweig and Wolfenbüttel and sold by Adner & Partner Immobilien. The next new building project in Braunschweig is about to start marketing. For our new building projects we are permanently looking for plots and/or dilapidated houses.

Small apartments in the center of Brunswick:

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

Adner & Partner: Basically, for me, there is no such thing as a “favorite property.” What always feels nice, however, is when people enter new stages of life in their new home. The young couple moving into their first home together or older gentlemen moving in close to their children and grandchildren regularly radiate happiness and contentment. That is always beautiful to witness. That makes me and my small team happy and also a little proud, because we are allowed to accompany people in this process.

Districts that have a future: Stöckheim, Melverode, Ring area

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

Beautiful corners for families with child

Adner & Partner: Braunschweig has so many beautiful corners to offer. There is something for everyone. The green districts on the outskirts of the city, such as Stöckheim, Melverode, Mascherode or Südstadt, are ideal for families with children. Equally suitable are Lehndorf or Kanzlerfeld in the west of the city. Those who appreciate living in the city are in the right place in the Westliches Ringgebiet and the city center. The Östliche Ringgebiet is traditionally extremely popular and this standing will probably never end.

The proximity to the city and to the university, good shopping opportunities, numerous kindergartens, schools and a friendly atmosphere make the eastern part of the city so desirable. Even more popular are the Walllagen along the Oker River, which is located on the edge of the city center. Here live all those who appreciate a life in the city and can afford to buy a property here. On our website, we have compiled an overview of selected city districts, which provides information on real estate prices and infrastructure.

Melverode: Popular district in Braunschweig

Development of real estate prices: Purchase and rental prices

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

Adner & Partner: Overall, the current market is characterized by high demand and scarce supply. This again led to strong price developments for condominiums and houses in 2021. On average, the price of existing apartments in Braunschweig rose by around 13.5 percent. Prices of single-family homes rose by around 16 percent. In the period under review, rents for existing apartments in Braunschweig rose by around 4 percent. The rent brake, the lowered cap of 15 percent and the rent index had a regulating effect here. I currently find it difficult to predict future price trends.

Will real estate prices in Braunschweig continue to rise?

If you had asked me before the war in Ukraine, I would have predicted a price increase for apartments of 4 percent and for houses of 7 percent. I would have put rent increases at 3-4 percent. Today, I estimate that rents in Braunschweig will continue to rise by about 4 percent per year. Existing real estate, especially apartments, is a crisis-proof form of investment and prices for them will certainly continue to rise. Presumably, 2-digit growth rates will once again establish themselves on the market.

As long as the interest rate landscape does not change significantly, population development in Braunschweig and the surrounding area remains on a growth trajectory, and insufficient construction activity does not pick up speed, no downward movement is expected for the time being. Despite the city of Braunschweig’s welcome construction offensive, it will not be possible to meet the demand for housing. The expected wave of refugees from Ukraine further underscores my assumption. In addition, a strong economic and university landscape ensure that Braunschweig’s real estate market will continue to be characterized by strong demand.

Living room in a 2-room apartment:

Should you rent or buy at this point?

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 Braunschweig?

Adner & Partner: This question is not so easy to answer, because the choice depends very much on individual plans, personality and various factors. Thus, no general statement can be made. Some points should always be considered before making this far-reaching decision. The young couple as well as the single person should be clear about if and when the family should grow or the professional situation could change. Because with property, the spontaneous move is already somewhat limited.

Buying a property: basic security

Once the right property has been found, the fixed interest rate should be designed for the long term so as not to run the risk of being overburdened with the repayment when interest rates rise.
Basically, however, I am of the opinion that buying a property is the better choice, because it offers a certain security against rising rents or a termination of the lease. During our viewings, we hear relatively often about own needs as a reason for the upcoming move. In addition, a property owner pays off his own property and not that of his landlord. Owning your own property therefore represents a solid investment for retirement provision.

Home and condominium: buying in the city

FIV: Anyone who rents in Braunschweig 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?

Adner & Partner: In general, if you rarely buy real estate, it’s best to get a professional to accompany you, who can save you from high losses. You will quickly notice a damp basement. The unauthorized attic conversion recognizes the real estate professional, with conscientious work. The layman does not. That is why we recommend every prospective buyer to organize an expert for a second inspection and not to spare the costs for it.

Here you can see an example of an old building apartment in Braunschweig:

Declaration of division for owners: Read carefully!

A purchase without checking the real estate documents from the construction file also represents a major risk. The documents that a buyer should definitely read carefully are the declaration of partition including all amendments as well as the allocation of any special rights of use to garden areas or parking spaces. A current excerpt from the land register, the collection of resolutions from the last 5 years and the building file already mentioned help to get a good overview and help to decide whether the property can be purchased or not.

In addition, no property should be purchased without an inspection or time pressure. Buyers should never be pressured into a quick or hasty purchase. In order to develop a feeling for the right price or the living space that is really required, it is advisable to view several properties that come close to the desired object.

Incidental costs and taxes: This is what you should know!

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

Adner & Partner: The so-called ancillary purchase costs for an existing property amount to approx. 11% of the property price. They consist of: Real estate transfer tax in Lower Saxony (5%), brokerage fee (usually 3.57% including tax) and notary and land registry costs (approx. 2%). For modernization or renovation, depending on the condition of the property, an additional amount should be considered. For a basic renovation, roughly between 500 and 700 € per square meter will be incurred. If only individual measures are to be carried out, lower costs will be incurred.

The most important at a glance:

• 11% Incidental costs of the real estate price
• Real estate transfer tax: 5%
• Brokerage fee: 3,57%
• Notary- land registry costs: 2%
• New buildings: Incidental costs further 10%

New buildings: Factor in another 10 percent in utility costs

For new buildings that are offered “turnkey”, we recommend our buyers to plan in an additional 10% of the purchase price in addition to the above-mentioned ancillary purchase costs. This can then be used to pay for painting, flooring, additional equipment (larger number of sockets and switches or, for example, a higher-quality bathroom). It will probably also be possible to pay for the fitted kitchen, which has yet to be installed. We always find when selling our new-build apartments that owner-occupants upgrade when it comes to fixtures and fittings, and those who want to rent out tend to make do with the standard fittings. Future landlords will probably be able to get by with less than 10%.

Here is a new construction kitchen from a Brunswick apartment:

Real estate as financial security

FIV: Brunswick neighborhoods for real estate investment – Let’s move on to real estate as an investment in Brunswick, 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 Braunschweig would you recommend to a buyer for their capital investment in Braunschweig? In your opinion as an expert, where do the most future opportunities lie?

Adner & Partner: In principle, the districts adjacent to the city center are certainly a good recommendation. For example, the western and eastern ring areas. Purchase prices in the Westl. Ringgebiet are below those in the Östl. Ringgebiet. In addition, there are currently more apartments for sale in the West Ring area than in the East Ring area. Anyone who buys and rents here is not making a mistake.

Market participants should be flexible nowadays

However, the shortage of properties for sale requires a certain flexibility on the part of market participants. The willingness to buy and rent in other parts of the city cannot hurt. An example to illustrate this: For every property on offer in the eastern ring area, around 108 people are willing to buy (with 17 offers). In the western part 79 seekers come to an offer (with 22 offers). So anyone who wanted to buy exclusively in the eastern part may have to switch to the western part. It becomes even clearer, for example, in a comparison between Nordstadt and the Westl. ring area.

In March 2022, the northern city has 43 offers for sale on Immobilienscout. In contrast, there are 1644 seekers. This means that there are only around 38 potential buyers for every offer. The chance of a purchase is therefore much higher here and renting is no less feasible in Nordstadt than in other parts of the city.
For investors or owner-occupiers, the following applies: The search profile should not be too narrow and there should be an openness to several locations.

Development potential: falling prices between city districts

Future opportunities or development potential always exist where there is a price differential between the districts. However, this has become smaller and smaller in the last 5 years and even in the traditionally unpopular districts, such as Braunschweig’s Weststadt, property prices have risen sharply. In this context it should be said that the Weststadt has an absolutely intact infrastructure and the district is much better than its image. By the way, on our homepage we have published a district report with currently 13 districts incl. market report for Braunschweig.

Districts with development potential:

• Veltenhof
• Turn over
• Watenbüttel

Investors could take a closer look at these districts.

Investing in different types of real estate: what is worthwhile?

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

Adner & Partner: According to our current market research, 3-4 room apartments are most frequently sought in Braunschweig. Close behind are apartments with 2-2.5 rooms.
Apartments between 76-95 m² are extremely sought after. Followed by 56-75 m², which are sought almost as often as apartments between 96- 110 m². In summary, it can be deduced that the 3-4 room apartment with a living space between 76 and 95 m² is the ideal rental property.

Frequently searched in Brunswick:

• 2 – 2,5 room apartment
• 76-95 m² apartment
• 96- 110 m² apartment

However, the evaluation also shows that it can make sense from an investor’s point of view to use 2.5 room apartments. It is important that there is space for a small home office. Furthermore, in our experience, an apartment that is to be rented quickly and well should have a balcony. It will be perfect if the bathroom is equipped with a window. Whether it is a new building or an existing one is decided by the investor’s wallet. My personal preference is the new construction apartment.

Typical mistakes when buying real estate: checklist

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 Braunschweig, 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 Braunschweig?

Adner & Partner: Selling a property is a complex process in which many decisions have to be made and all the individual steps have to be carefully planned and worked through in sequence. Thoughtful preparation and planning – these are the most important secrets to success when selling a property. This is true for sellers who want to sell without an agent as well as for real estate agents. The success of a real estate transaction lies in the preparation. This includes the selection of the real estate agent.

My recommendation is to choose a broker from the region.

This is where the regional real estate agent plays his advantages, because he knows his area of activity. A real estate agent from the region knows from his daily work how the local real estate market works and what peculiarities prevail. The so-called hybrid brokers, which we all know from TV commercials, usually can’t keep up.

Here once again the office of the Adner & Partner agency:

The essential questions a salesperson should answer:

• By when must the property be sold?
• When should the tenants or myself move out?
• Which sales strategy do I want to use?
• What price do I want to achieve and is it realistic?
• Which advertising media (newspaper, Internet) should be used?
• How much do you have to invest during the sales process?
• How do I ensure my accessibility?
• What information do I give on the phone?
• How do I ensure that the buyer is solvent?
• If these questions are clarified, then nothing stands in the way of a successful real estate sale.

Rent, buy, live in Braunschweig

The real estate market in Braunschweig is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 10 best real estate agents from Braunschweig, who can make your dream of your property possible.

• Broker Brunswick

First apartment? Step by step to capital investment

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

• Buy first apartment

Rent, buy, live in Mönchengladbach

Our interview partner, has specialized in the mediation, selling and renting of real estate in Mönchengladbach, Grevenbroich, Neuss and Erkelenz. We have talked with the real estate agent from Mönchengladbach in an interview about attractive districts, financing options and the Gladbach real estate market. Here you can find out everything about buying your first home, different types of houses and types of apartments.

Mönchengladbach at a glance:

Microlocation Mönchengladbach:

Rentals: Child-friendly neighborhoods

You have decided to rent a house or apartment? Then you should definitely know more about bedroom furnishing and beautiful terrace design. Home is where you feel comfortable!

Purchase: Incidental expenses and credit

Find your new home in attractive districts of Mönchengladbach such as Rheydt, Odenkirchen or Wickrath and avoid serious mistakes in your purchase! You can find the 5 steps guide in this article. Are you also interested in other cities in NRW? We have selected other interesting cities for you, such as Düsseldorf, Aachen and Duisburg.

Interview: Real estate in Mönchengladbach

We talked to a real estate agent from Mönchengladbach about the current real estate market, prices, taxes and apartments as an investment. In this article you will also get a checklist to help you avoid typical mistakes and unnecessary costs.

Interviewee Di Lorenzo: Real estate market

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

Di Lorenzo: Dear FIV team, first of all, thank you for choosing us among the best 10 real estate agents! Our real estate agency is specialized in real estate sales and rentals. We sell and rent all types of real estate. From single family homes to large investment or commercial properties. We also provide appraisals for developed and undeveloped land. We specialize in giving the client an answer really in every direction.

Architectural planning, building damage surveys & construction of real estate

We certainly have a unique selling point in Mönchengladbach because we operate under one roof together with our cooperating architectural and expert office. Here the customers receive architect planning, building damage expertises and consultation approximately around the building of real estates. Through our many years of experience and through our constant further training in every direction of the real estate sector, we can really give our customers a great deal of assistance.

The proximity to the market and the large number of sales and rentals mean that we are still learning, even after so many years. We try to offer our customers real added value and see ourselves as a service provider with heart and mind. In addition to all the knowledge, it is also important to offer people a strong shoulder, an open ear and a lot of empathy. That is the beauty of our profession! We can help people even in difficult phases of life, which often entail a house sale, and pave an easier way for you into a new phase of life.

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

Di Lorenzo: We prefer to broker single-family houses, multi-family houses and apartments.

Single-family house in Mönchengladbach:

Districts with a future: Wickrath, Odenkirchen to city center

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

Di Lorenzo: There are many beautiful districts in Mönchengladbach. All the surrounding districts such as Giesenkirchen, Odenkirchen, Rheindahlen, Wickrath, Hockstein, Schmölderpark, Pongs, Venn, Hamern, Windberg offer very beautiful and rural living space in many places and are very popular with families. The Bunte Garten, Großheide and also Windberg are among the high-priced districts that are equally popular with families and singles. Mönchengladbach Oberstadt, part of Bruckner Allee and also Mönchengladbach city center, also in the direction of the University of Applied Sciences are rather popular with younger people.

Desirable neighborhoods:

• Odenkirchen
• Wickrath
• Hockstein
• Giesenkirchen
• Windberg

Popular district: Wickrath

Development of rental prices: Rising rents

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

Di Lorenzo: The real estate market in Mönchengladbach rose later than in the surrounding cities. In recent years, however, Mönchengladbach has also followed suit, but is still below average compared with NRW and Germany. Last year, rental prices in Mönchengladbach also rose sharply. I think that the level will now consolidate and no longer rise so considerably.

Rent or buy as a young couple?

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 Mönchengladbach?

Di Lorenzo: It always depends on how much people can afford. If it’s feasible, I advise everyone to buy. But it also has to be compatible with income and capital. It should not be bought at any price. If you can afford to buy property as a young person, then a small apartment is a good start to build on later.

You can then use the proceeds to buy a larger property in a few years, since you can save up equity through the apartment. This is more likely to be possible in Mönchengladbach than in surrounding larger cities.

Facade of an old building apartment in Mönchengladbach:

Home ownership and condominium: follow-up costs

FIV: Anyone who rents in Mönchengladbach 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?

Di Lorenzo: When you buy a property, you should consider whether it can also be rented out well in the event of a move and whether the rent will cover the loan in an emergency. Mistakes I see first-time buyers make is that they see the low rate at the beginning, because the interest rates on loans have been very low in the past. Some buyers want to own a home at any cost, but don’t think about the subsequent costs.

Financial plan: Avoid unexpected surprises

Here you should have a good financial plan, because many properties can also bring surprises, e.g. special allocations for condominiums, renovations, refinancing of the loan after the fixed interest rate. First-time buyers should seek advice from a professional. Real estate agents in cooperation with a good financing advisor can be of good help here.

Living and dining area in a Gladbach apartment:

Service charges and taxes: Everything you should know!

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

Di Lorenzo: On the one hand, there are the typical ancillary purchase costs that the buyer always incurs when making a purchase. Land transfer tax 6.5% of the purchase price, notary’s fee and land registry costs approx. 1.8% of the purchase price, and, if applicable, brokerage costs 3.57% of the purchase price. But then you should also have the renovation costs estimated by a professional. Also the removal causes costs, which one should not disregard.

Incidental purchase costs:

• Real estate transfer tax: 6.5%
• Notary fee/land registry costs: 1.8%
• Brokerage costs: 3.57%

Real estate as a capital investment & future opportunity

FIV: Mönchengladbach districts for real estate investment – Let’s move on to real estate as a capital investment in Mönchengladbach, 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 Mönchengladbach would you recommend to a buyer for their capital investment in Mönchengladbach? In your opinion as an expert, where do the most future opportunities lie?

Di Lorenzo: There are many parts of town that would be suitable. However, when I compare the purchase prices and the rents, I would rather buy in good surrounding locations of Mönchengladbach. At the Bunten Garten, the rents are high, but also the purchase prices have risen to such an extent that you don’t get a good return here, so I would rather point in the direction of Windberg or other surrounding districts such as Hockstein.

Di Lorenzo team photo:

Investing in different types of real estate such as apartments & plots of land

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

Di Lorenzo: I would buy an existing property that has manageable renovation costs. Condominiums are always a good investment for small investors and will be profitable in the future. An investor with a lot of equity should go in several directions (apartments, MFH, land) and spread his capital to have a lower risk. Mönchengladbach is a city with rather low income, so you will surely get a condominium rented.

Tips and first steps in buying real estate: avoid mistakes

FIV: You mentioned the typical mistakes in buying a property. Many buy, but some also want to sell. As an experienced real estate agent in Mönchengladbach, 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 Mönchengladbach?

Avoid mistakes from the beginning – Step 1

Di Lorenzo: There are many pitfalls here, too. But you don’t realize that until you’re in the middle of it. Selling real estate doesn’t just mean taking photos, putting them online and writing a little text and I’m already sitting at the notary’s office. Many of my clients have experienced the opposite and come to us for professional help after an unhappy start to the sale. You have to check many things. First of all, the right selling price is very important, which many sellers first of all estimate incorrectly and thus delay the sale.

Documents for the sale and legal basis – Step 2

As a seller, you need to know what documents you all need to provide. What is the legal situation with my property. Are there encumbrances and rights in the land register, are all the components of the house approved, what do I have to tell the seller, what about liability for false statements, even if they happen unknowingly. Nowadays the banks want to receive complete plans and living space calculations from the architect. Are there building encumbrances, are the costs of the adjoining owners settled, is there an energy certificate, etc.?

A good plan is the key – Step 3

You sell successfuly if you have a good plan, set the right sales price and have all documents complete. Floor plans, building plans, building description, calculation of living space, building insurance, notice of real estate tax, certificate of occupancy (not older than 3 months), information on building encumbrances (not older than 3 months), cadastral map (not older than 3 months), energy certificate (not older than 10 years), extract from the land register (not older than 3 months), in the case of condominiums the declaration of division and the certificate of seclusion, minutes of the meeting, utility bills, reserve account. If the declaration of division is amended, the deed of amendment and any other documents recorded in the land register are required.

• Floor plans
• Construction plans
• Building description
• Living space
• Building insurance
• Property tax notice
• Residents’ certificate
• Information on building encumbrances
• Parcel map
• Energy certificate
• Land register excerpt

Checking the land charge in the land register – Step 4

You should also check whether a land charge without a certificate or a certificated land charge is entered in the land register. If it is a securitized land charge, then you need to find the land charge certificate in your documents, if it is no longer with the bank. If you have checked and collected all this, then you are one step further. If you know everything about the condition of your house and create nice pictures and write a good text about it, then you can put the property online in the common real estate portals. After you have received some inquiries, you should check who will enter your house soon.

Not Every Prospect Should Be In Your House – Step 5

Do not let just anyone into your home. People should provide you with their complete contact information. If the viewing appointments are successful, then you can hand over all the documents to the customer for the bank. You must then wait to see if the prospective buyer receives written confirmation of financing. You will not get any information from the bank, so you have to wait for the potential buyer’s response. Check the financing confirmation for correctness and authenticity! If everything is correct, then you can give all the details of the sale to the notary, which the buyer may choose. Then wait until the buyer has paid.

If the buyer has paid, then you may hand over the keys. During the handover, any discrepancies, meter readings, number of keys, documents and costs still to be settled, e.g. insurance, property tax, should be handed over.

Get good advice from a professional. You will save a lot of nerves and also money. A good and reputable broker will advise you without obligation and free of charge and will definitely bring you added value.

Rent, buy, live in Mönchengladbach

The real estate market in Braunschweig is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 10 best real estate agents from Braunschweig, who can make your dream of your property possible.

• Broker Mönchengladbach

Thanks to Di Lorenzo Real Estate for the interview!

First apartment? Step by step to capital investment

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

• Buy first apartment

Rent, buy, live in Wiesbaden

Our interview partner, has specialized in the mediation, selling and renting of real estate in Wiesbaden and the surrounding area. We have talked with the real estate agent from Wiesbaden in an interview about attractive districts, financing options and the current real estate market. Here you can find out everything about buying your first home, different types of houses and apartments.

Here you can see Wiesbaden at a glance:

Wiesbaden from close up:

Rentals: New construction to old building

You want to rent an apartment or even a house? Then you should definitely know more about bedroom furnishings and beautiful terrace design. With us you will find valuable tips so that you can feel really comfortable in your new home.

Purchase: Incidental purchase costs

Find your new home in attractive districts of Wiesbaden such as Dotzheim, Bierstadt or Naurod. Are you also interested in other cities in Germany? We have selected other interesting cities for you, such as Frankfurt and Kassel.

Interview: Wiesbaden real estate market

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

Interview with Herberich Real Estate

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

Herberich: We are active for years in the market value determination, sales and letting of residential and commercial properties. We are active in the regions of Wiesbaden, Mainz and about 40 km in the surrounding area. One of the main focuses are multi-family houses and building plots which we build with our 2 developer partners.

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

Herberich: We prefer to broker multi-family houses, villas and plots of land.

Apartment building in Wiesbaden:

Popular districts: Frauenstein, Bierstadt & Co.

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

Herberich: For nice living you should choose real estate in the districts Frauenstein , Sonnenberg and Bierstadt.

Beer city from close up:

Development of the current real estate market

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

Herberich: In recent years, there has been a steep rise in purchase prices and, depending on the district and the size of the apartment, also in rents. Depending on the development of interest rates, the market will tend to calm down with a flatter increase in prices.

Better to rent or buy? Broker assessment

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 Wiesbaden?

Herberich: If you want to live in the same place for at least 10 years and have a secure income, buy. Otherwise, rather rent.

Here you see real estate agent Rainer Herberich:

Current purchase situation in Wiesbaden

FIV: Anyone who rents in Wiesbaden 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?

Herberich: The costs involved in refurbishing old properties are often underestimated.

Taxes and ancillary costs: You have to reckon with this!

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

Herberich: As usual in Hesse divided brokerage commission, land transfer tax, notary and land register together about 11% of the notarial purchase price for the buyer.

Incidental costs are made up of the following factors:

• Broker commission
• Real estate transfer tax
• Notary
• Land register
• Total: 11

Real estate as an investment: Future urban districts

FIV: Wiesbaden neighborhoods for real estate investment – Let’s move on to real estate as an investment in Wiesbaden, 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 Wiesbaden would you recommend to a buyer for their capital investment in Wiesbaden? In your opinion as an expert, where do the most future opportunities lie?

Herberich: Most of the future opportunities are in the Rheingauviertel, Sonnenberg, Bierstadt , generally everything near the Rhine.

Future Quarter – Sonnenberg:

Different types of real estate and their future

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

Herberich: You should invest in old buildings and then renovate them to increase their value.

Successful sale of a property: pitfalls private sale

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 Wiesbaden, 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 Wiesbaden?

Herberich: There are many pitfalls when selling privately, so it’s better to choose a competent real estate agent as a partner and go by the very personal impression rather than the size of the company.

Rent, buy, live in Mönchengladbach

The real estate market in Braunschweig is large and for this reason it is important to find the best real estate agent for you. In our overview you will find the 10 best real estate agents from Braunschweig, who can make your dream of your property possible.

• Real estate agent Wiesbaden

First apartment? Step by step to capital investment

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

• Buy first apartment