Posts

Buy your own apartment – procedure, costs, advantages & disadvantages

As soon as you move into your first own apartment, most people say: rent, rent, rent. Every month you go to work many hours to spend most of your time on the next rent, which is due at the beginning of the month. No wonder that many young people become friends with the idea of buying a condominium as soon as possible.

Buy a condo – What to consider?

The purchase of a real estate brings many advantages, but also disadvantages with itself. When the word property comes up, most people first think of the classic single-family home. But condominiums can also be an interesting alternative. If you are thinking about whether it might be useful for you to buy a condo, then you should definitely stick to this article until the end. We not only tell you the advantages and disadvantages of buying a condominium, but also explain the necessary requirements and the procedure.

Advantages

Before one deals with the prerequisites and the procedure, one usually asks oneself: What are the advantages of buying a property for me? The answer to this question depends on various factors.  If you have previously lived in a rented apartment, then the following advantages arise for you:

1. Money in everyday life & security in old age

If you have saved enough money to buy an apartment, you are exempt from monthly rent payments. That means for you a lot more money a month that you can spend on other things. Whether it’s one or two holidays, restaurant visits or special events, life can be made more varied without rent payments.

If you pay off your condominium in installments, you look forward to the possibility of saving your hard-earned salary and spending it on something else at some point. Usually it is a dream of a lifetime, which should be fulfilled, like a high-quality expensive car, or a holiday home.

It is not uncommon for older people to find themselves in a situation where, after working hard all their lives and finally having time to travel, they do not get enough pension to fulfil their dreams. If they live in a condominium, they are exempt from the rent and can invest their pension in beautiful things.

  • no monthly rental payments
  • More money for beautiful things in life
  • Saving for life’s dream
  • Ageing protection – spending your pension on other things

2. No fear of problems

If you are a tenant of an apartment, you always have to expect that your landlord will register your apartment as personal use. No matter how the situation arises, the notification is often a shock for the current tenants. No wonder, because this notification means stress. As quickly as possible a new rented apartment must be found, which is not only affordable, but also where the location and other criteria are right.

But if you’re the owner, you don’t have to worry about such things. Nobody can kick you out because you alone decide how long you want to stay in your apartment. Even if you decide that you want to emigrate, you can do so, rent your condo and earn money at the same time.

  • No fear of being thrown out by landlords
  • Earn money by renting is possible

3. Freedom of decision

When it comes to the design of a rental apartment, there are often regulations that are determined by the landlord from the outset. Although it is permitted to paint the walls or change the floor coverings, nothing in the building fabric may be changed. So if you want to remove a wall or have something rebuilt, this is not possible without further ado.

However, if it is your property, there are no limits to your creativity. You can design your home the way you like it and feel good about it.

  • Creativity without limits
  • high feel-good factor

Disadvantages

Despite the many advantages, it is also important to consider the negative side of buying a condo. Here we have two disadvantages for you, which you should not ignore for your decision.

1. Administrative expenses

An apartment means care. No matter if you move into your apartment yourself or if you decide to rent it out. From now on there is no longer a landlord who is responsible for the maintenance of the apartment. That means you have to take care of everything yourself. If you are a landlord yourself, you must always be approachable for your tenant. For the maintenance of your apartment there are compulsory costs, which you have to pay.

  • Apartment requires maintenance
  • Landlord must be available for tenants

2. Neighbors

A big disadvantage when buying a condo are the neighbors. Of course you can be lucky to have the ideal neighbours who will never disturb you and who will always make you happy to meet you next time. Unfortunately, this is not often the case. If you are unlucky, after buying the apartment, neighbours move in with whom you do not get along well. Unfortunately, there is often no right of co-determination here.

  • No guarantee for pleasant neighbours

Search condominium: Private or real estate?

If you decide to search for a condominium, you must ask yourself important questions beforehand. One of these important questions is whether you want to find your condo privately or hire a real estate agent. Many people reject the idea of hiring a broker immediately because it is assumed that hiring a broker is automatically associated with high costs. In some cases, however, this is a misconception. If you would like to find out more about the advantages and disadvantages of hiring a broker, we have an interesting article for you.

Costs of purchase

But how do the costs of a condominium actually make up? What are the components of the price you pay for a condominium? There are various factors that influence the purchase price of a home. One of the most important factors is the city. Is it a popular city where many people want to live, or is it an unknown smaller city? The more popular the city, the higher the property price. The location within the city also plays a role. Living right in the city centre close to sights, shops and in the midst of the hustle and bustle tends to be more expensive than an apartment on the outskirts.

Another important factor is the condition of the apartment. When was the last time the apartment renovated, what value-enhancing elements are installed? If there is any damage in the apartment, this will also affect the price. For this reason, it always makes sense to take a close look at the interior of an apartment.

Especially if you decide to live in an apartment on the outskirts of a big city, it is all the more important to have good transport connections. If this is the case and one can be in the city centre with a car within a short time, this also increases the value.  Not everyone who decides to buy a condo also automatically has a car. Not to mention the fact that many people also rely on public transport when their car is broken. A good transport connection also ensures that the value of your property increases.

On the real estate market there are always local prices, at which a real estate price orients itself. Depending on how much similar properties are worth in your area, this will also affect the price. So if you’re looking to buy a condo but don’t have too much money, it might be worth looking in a region that isn’t quite as popular.

As you can see, there are many different factors that affect the price of a property. If you have limited financial resources, you can go through the points and consider which points in the list are not so important to you. If you can compromise with yourself, this could have a positive effect on the property price.

  • City
  • Good transport connections
  • Extended infrastructure
  • Regional property market
  • Condition of the apartment

The financing of a condominium

What are the actual financial models? This question is particularly important for those who want to buy a condo but have not saved enough to pay for it immediately. We have found different financing models for you, so that you can consider whether one of the possibilities is suitable for you.

The most popular cities in Germany

Job or study

Apartments are wanted everywhere. The most popular condominiums are in the major cities of Berlin, Munich and Hamburg. No wonder, because most people would like to live in one of the big cities. Here we have a ranking for you, which describes the 10 most popular cities. The northern German port city of Hamburg is repeatedly regarded as the most popular city in Germany. No wonder that the demand for housing is not necessarily low. Rental properties as well as condominiums are in high demand here. In Hamburg there is not only the beautiful Alster, but also the Speicherstadt and the HafenCity. But why is that so? Why does everyone want to live in the big cities?

Usually it is one of three reasons why you decide to move to one of these cities. One of these reasons is the job or the study. It can happen very quickly. Suddenly a job that is better paid is offered in another city and you are faced with the question: Should I move and leave my hometown? For most, the answer is clear, because a better salary can make a huge difference in life. Suddenly you have money for something you never dreamed of. The money for a second family vacation in the year, for a new car, or also for a monthly attendance in the Kosmetikstudio.

After graduating from high school, almost all graduates feel the same: out of their familiar environment and into a new adventure. Even if for many it is often only a stay abroad that is chosen, others decide to study in a completely different city. What is the best way to become self-employed? Exactly by freeing yourself from your parents and learning to stand on your own two feet. Often it is not only the isolation from one’s parents that makes one move to another city to study, but sometimes the desired course of studies is only offered in another city, so that one is forced to move.

Love

Another reason that is often responsible for a move is love. Many know it, the partner is forced to move to another city because there is a job offer waiting for him. But what is the horror of most partnerships? A long-distance relationship. Very quickly the decision is made and one decides to accompany the partner. The search for a rental apartment or condominium begins and presents most couples with a difficult task. The new life in one of the most popular cities in Germany begins.

New life

Many have had the situation before. Nothing in life goes the way you imagined it would. The job burdens you more and more, old friends turned out to be false friends and in love you are always unlucky. Many then come to the point where they say: A new beginning must come here. Everything that connects one with the old life is replaced, the apartment is terminated, the job is terminated and the contact to old friends and acquaintances is completely broken off. Also for a new beginning one of the most popular cities of Germany is chosen gladly. No matter whether Hamburg or Munich the search for a rented apartment, a condominium or a house is particularly difficult in these cities. It is therefore not uncommon for many people to decide to hire a real estate agent. You will also find out in this article which advantages result from this.

Ranking of the most popular cities:

  1. Hamburg
  2. Dresden
  3. Munich
  4. Lübeck
  5. Freiburg
  6. Berlin
  7. Potsdam
  8. Trier
  9. Weimar
  10. Düsseldorf

Tips: Step by step to the condo

You have weighed the pros and cons sufficiently? Your decision has been made and you want to take the plunge and buy a condo? Then you will now learn the exact procedure so that you can prepare yourself sufficiently.

Since spending a sum on a condominium is not just a matter of time, but an important decision for life, it is important that you prepare sufficiently. You should therefore first become aware of how much money you have available and develop a suitable financing plan. It is advisable to contact a professional, because he can inform you about possible risks.

  • Draw up financing plan

If the result of this consultation is good enough, you can start looking for a suitable property. Now you can make up your mind: Would you prefer to search privately for a property, or would you rather hire a real estate agent?

  • hire a real estate agent
  • Find and check real estate
  • land register entry, payment & object transfer

Art of the apartment – The differences

New building or old building?

If you are looking for an apartment, you should also consider whether it makes more sense to look for an old building or a new one. Do you know the differences between an old and a new building? It is correct that all buildings whose building permit was issued after 30.06.1953 are new buildings. However, there are many other differences. The special features of old buildings are the high rooms, the imposing facades, large windows and wing doors. New buildings, on the other hand, are characterised by a modern design. We have listed the advantages and disadvantages for you, so that you can quickly decide what is more suitable for you.

New construction – Advantages

If you decide to build a new house, you will benefit from the fact that you will have to pay low ancillary living costs because the thermal insulation is greatly improved. In general, it can be said that the latest technologies are usually used for a new building. If you decide to have a property rebuilt, you have the possibility to incorporate your own wishes into the design.

old building – advantages

You will notice one of the biggest advantages of an old building as soon as you enter such a building. An old building with a beautiful facade can enchant. You enter such an apartment and the ceiling is very high in contrast to new buildings. A high ceiling combined with an imposing chandelier can look like a small castle. Even if you are not interested in making your old building apartment imposing, there are many other possibilities to use an old building apartment. Since the ceiling is so high, most rooms are particularly suitable for special bunk beds.

CO2 pistol and alarm shot: safety for house and apartment?

The statistics make one thing clear, the small gun license is becoming more and more popular in countries like USA, UK or Germany. Many feel insecure at home and want to be able to defend themselves in the event of robberies and break-ins. Not everyone wants to buy a big gun immediately and get a gun license, many just want the feeling of security, therefore the sales of CO2 and air pistols increases. Pepper spray and alarm systems are no longer enough for many when it comes to protecting their own four walls. We want to illuminate the topic of the alarm shot pistol as well as CO2 and air pistols in detail today. Why do more and more people make the little gun license?

House security from burglary

For single people, singles, older people but also for families the protection is in the foreground. With rising numbers of burglaries and many negative headlines, the need for security increases. The good old pepper spray is no longer enough for many, they want a pistol. For distance reasons alone, a pistol can of course be much more effective than hand weapons, and the deterrent effect on burglars is also greater. In principle, two genera differ as long as we talk about small weapons.
Important: Self-defence always means to tend to the least possible damage. The use of a weapon must therefore be “proportionate” even in case of a threat.

Phoke guns and the small gun license

Anyone who wants to buy a pistol in Germany needs a small gun licence for the experienced use of the pistol.

The pistols are designed in such a way that the barrel is not suitable for firing projectiles. Models that can be bought licensed in Germany cannot be converted into a real weapon. The situation is completely different with many alarm guns from other countries, they are only manufactured in such a way that a small piece of metal blocks the barrel inside. By releasing the barrel, the pistol is sharp again and can be used for normal standard projectiles.
These models are prohibited in Germany!</block quota>
Shooting guns should always be bought in gun shops, because they must also be registered. If you don’t want to make a small gun licence, you can often use CO2 air pistols as a deterrent.

CO2 pistols without firearms licence

In Germany, all CO2 air pistols with a strength of up to 7.5 joules are freely available for sale. Anyone 18 years old can buy one of these weapons. The weapons are freely marketable because they potentially cause much less damage than a fright-shooting weapon. With a size of only 4.5 mm, the small diabolos weigh only half a gram. They develop as little kinetic energy as possible to cause great damage, for example in the case of self-defense. The situation is quite different with alarm guns, if they are fired at close range, for example on the face, they can develop large injuries.

When it comes to securing one’s own home, many families therefore use CO2 guns. Of course, in case of self-defense they would not allow effective resistance, but in case of doubt you can help to gain valuable seconds.

In the case of danger: Try not to act frontally, attack is not the best defense here. A few valuables are nothing compared to your health.

If you want to protect yourself preventively, you can also use the alarm system.

Alarm system: security technology for house and flat

To avoid a dangerous situation in the first place, more and more families are having alarm systems installed in their condominiums or houses. Alarm systems offer the great advantage that today they have undergone great developments due to modern technology and almost real-time data transmission. Today, as a homeowner you can access any cameras directly from your smartphone, so you can see and that anywhere in the world. So you can always and everywhere see who is entering your own property, who is standing in front of the door, you can even talk directly to the person, so that the impression is created that you are at home yourself.

House security: police direct connection of the alarm system

Did you know? Many modern alarm systems today are directly linked to the police, so in dangerous situations you get immediate information, you don’t even have to dial the police call and perhaps even hang in the queue for a moment. Especially in real danger situations, the homeowner saves valuable seconds.

Depending on the price class and investment, the different models of alarm systems differ. If you want to read more about this topic, you will find here a big article about alarm systems for your home.

Household insurance

As simple as it sounds, not everyone takes out household insurance. With household contents insurance, you can prevent an absolute emergency. So you can exclude that destroyed or stolen furnishings lead to financial ruin. This is why household contents insurance is one of the most important private insurances that you as owner and tenant should take out equally.

Weapon Licence and Weapon Transport

If you don’t have a gun license yet but want to buy a CO2 pistol, we have some information for the gun purchase or the gun transport.

In principle, as described above, you do not need a separate firearms license to possess a CO2 pistol. The only thing you need is your identity card and the age of 18. With this identity card you can then buy a pistol in any gun shop, which is registered in the name of the person. Once you buy the gun, you can go back home.

Who buys his weapon in the online shop has of course no problems, because it comes directly to the front door and is handed over directly to the own four walls and does not reach the public. If you still have to drive home, the following applies to you:

  • CO2 pistol may be carried after the purchase (cash voucher attests purchase date / time)
  • Weapon must always be stored separately from ammunition and capsule, a separate case

is recommended.

CO2 pistol in car and in public

After the purchase of the gun is always to be observed: Is it public or private space?
A CO2 pistol may not be carried in public spaces!</block quota>
If you transport your rifle from A to B, you should make sure that it is locked in your suitcase and importantly, not ready to hand! So it’s best to keep it in the trunk, far away from the driver. In addition, the ammunition and the capsules must be stored separately, for example in a backpack on the rear seat of the vehicle.

Safety is a top priority for many families but also for singles. If you decide to buy a pistol, we wanted to give you a few good tips today. If you are now interested in buying a CO2 pistol, we have some interesting articles for you:

CO2 pistols, Diabolo & steel ball under test

If you have now seen everything but still want to decide for a smaller pistol model, we have here still current reviews to two really great models. One, the Glock 17, is “ideal for families” as it is very protected by several mechanisms against unwanted use. Even if safety is paramount, it can always happen over the years that a child might still be in the hands of the gun device. Even if it is only a short moment of carelessness!

If you want to have fun shooting, we have tested the innovative reloading system of the Sig Sauer P226 for you! While with other CO2 guns you have to load the CO2 capsule by hand and often even need a tool like an allen key, here you have an absolutely innovative and patented quick loading system. This allows you to replace the CO2 capsules in just 2 seconds. The associated magazine with its double-sided drum can be used again directly after the first page has been shot.

Buy weapons cheap online? Depending on whether you’re buying a weapon for the first time or already have a collection, it’s worth going to your local weapons store or online shops. As a first time buyer of pistols the way to the weapon shop is worthwhile, here you can test the models and get experiences from the salesman. If you’re a gun owner looking to expand your collection, it’s worth looking at online shops, where you can save money.

You want to know more about Diabolos and BB steel balls? We have looked at all the different types for you and show you whether it is worth changing to types like the “Terminator” or the “Barracuda” or whether it is not worthwhile to stay with the good old standard model, the flat head Diabolo! Did you know? If you also shoot uphill on your Diabolo pistol, the grooves in the barrel will break, making the trajectory of the Diabolos more unstable and the accuracy of the target less accurate.