Rent, buy, live in Stuttgart

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

This is Stuttgart in Germany:

Stuttgart from close up:

Rent: Contract & Settlement

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

Buy: Return on investment through real estate

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

Real estate agent interview about real estate in Stuttgart

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

Maile Immobilien: Interview Partner

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

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

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

Interview partner Michael Maile:

Single family home or townhouse? Favorite properties

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

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

Rents in Stuttgart: Neighborhoods with a future

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

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

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

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

Development of the real estate market: rent stagnation

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

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

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

Modern apartments in Stuttgart-Vaihingen:

Recommendations for beginners: rent or buy?

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

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

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

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

Buying the first condominium in the city

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

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

The perfect property simply does not exist.

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

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

Real estate transfer tax and incidental purchase costs

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

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

Stuttgart at a glance:

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

Real estate as an investment – city proximity & old buildings

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

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

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

Types of real estate with a future – optics and efficiency

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

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

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

Attic room of a family house:

Selling a property – quality check

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

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

Renovation and modernization are always worthwhile!

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

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

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

FIV: Thanks to Maile Immobilien for the interview!

Buying your first apartment: Owner occupation or capital investment

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

• Buy first apartment

Rent, buy, live in Stuttgart

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

• Real estate agent in Stuttgart

First condominium in Duisburg

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

Here Duisburg is located in Germany:

Duisburg up close:

Rent: Contract & Settlement

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

Buy in Duisburg

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

Real estate agent interview about real estate in Duisburg

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

MC Immo Service: Interview Partner

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

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

Offers of MC Immo Service Agency

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

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

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

Favorite properties: special youth villas

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

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

Modern bathroom in an apartment in Duisburg:

Neighborhoods with a future: Südstadt trend

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

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

Real Estate Market Development: Rents & Yields

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

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

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

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

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

First condominium in Duisburg: costs & financing

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

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

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

Real estate transfer tax and incidental purchase costs

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

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

Apartments in Duisburg:

Good capital investments: which districts?

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

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

The districts summarized:

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

Invest: Real estate return

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

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

Selling an apartment in Duisburg: Documents for notary

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

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

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

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

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

FIV: Thanks to MC Immo Service for the interview!

Buying your first apartment: Owner occupation or capital investment

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

• Buy first apartment

Rent, buy, live in Duisburg

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

• Real estate agent in Duisburg

Rent, buy, live in 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.

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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 Wuppertal

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

Wuppertal at a glance:

Wuppertal from close up:

Rentals: Service charges

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

Purchase: New construction to old building

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

Interview about Wuppertal real estate

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

Oertel real estate team about the real estate market

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

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

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

Bathroom in a Wuppertal apartment:

Mediation from land to houses

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

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

Neighborhoods in Wuppertal with opportunities for the future

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

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

Neighborhoods with charm:

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

Briller Viertel at a glance:

Rental price development in recent years to date

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

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

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

Here you can see a wardrobe in a granny apartment:

Broker assessment: rent or buy

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

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

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

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

Home and condominium: buy or rent

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

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

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

Living and dining room area in family house:

Service charges and taxes in NRW

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

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

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

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

Investment: Wuppertal districts with a future

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

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

Districts that increase the value of the property:

• Oberbarmen
• Heckinghausen
• Elberfeld
• Vohwinkel

Heckinghausen at a glance:

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

Real estate types with future opportunities

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

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

Suspension railroad: landmark of Wuppertal

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

Typical myths in the sale of real estate

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

Oertel Immobilien: Three fatal myths exist among many sellers.

Typical myths:

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

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

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

Thanks to Oertel Immobilien for the interview!

Rent, buy, live in Wuppertal

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

• Real estate agent Wuppertal

First apartment? Step by step to capital investment

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

• Buy first apartment

Rent, buy, live in Kassel

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

Overview of Kassel and surrounding cities:

Kassel from the microlocation:

Rent: Service charges

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

Buy: Investment

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

Interview about the current real estate market in Kassel

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

Immoperlen: Broker team in the area Hessen

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

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

Team photo Immoperlen:

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

Immoperlen: single-family houses, apartment houses, apartments

Live beautifuly in the Kassel area

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

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

Kirchditmold district

Rent development & recommendations

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

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

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

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

Single family house in Kassel:

Long-term commitment through financing and loans

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

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

Taxes and incidental expenses incurred

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

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

Incidental expenses:

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

Living and dining room area:

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

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

Sought-after district Harleshausen:

Real estate with a future

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

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

Avoid typical mistakes – instructions

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

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

3-step guide:

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

Rent, buy, live in Kassel

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

• Real estate agent Kassel

First apartment? Step by step to capital investment

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

• Buy first apartment