Studies show that the performance of a home depends on many reasons. On the supply side, factors such as building land prices and construction costs are eligible. On the demand side, demographics, financial conditions and changes in income play a major role. The relative prices of properties in comparable locations can not be determined by analysis.
The acquisition of an old building, which may still need to be rehabilitated accordingly, poses several problems for both banks and borrowers. A uniform view on the part of the credit issuing banks is not given, much more likely to decide here individual factors about the valuation of the property . First, however, the mortgage lending value is decisive, because depending on the real estate value, the interest rate to be granted is determined - there are therefore differences that require a credit comparison not least because of this topic.
The sunny Spanish island of Majorca is the favorite island of the Germans. No wonder that more and more people are choosing not to spend a holiday in Mallorca for only two weeks, but instead want to buy a property there. If you also plan to purchase a holiday home, apartment or villa in Mallorca, there are a few things you should know about.
One learns from mistakes. Unfortunately, this wisdom does not apply to mortgage lending. For there is rarely a second chance here, a misstep may mean the financial ruin of a family. Whether it's an apartment, tenement or home - a property is an investment that pays off in the long run: using your own four walls will help Accumulation of assets and, at the same time, give the owner the security of being able to live peacefully at retirement age without having to pay rent.
Many people want their home just for their own build your own wishes. But old buildings also have many advantages and are often associated with not so high risks. Used houses are more popular According to a study by Interhyp, Germany's largest mortgage lender, only 30 percent of all mortgage lending is used for new construction while 40 percent serve to buy an old building.
There is good news for all tenants: Since June 1, 2015 applies in Germany a new brokerage brokerage law, because the so-called ordering principle has come into force. This means that always the party pays the costs for the broker who actually commissioned him. This results in many advantages for tenants, but also risks.
Old heating systems are inefficient - every property owner knows that. Since 2015 many old heaters have to be replaced. But products that are not affected by the EnEV 2014 should also be critically appraised. If you have bought an old house, it may be worthwhile to install a new heating system. The investment pays for itself within a short time.
The additional costs for the apartment have long been felt by tenants to be around ; second lease & ldquo ;. For water, heating, garbage disposal and caretaker incur high additional fees. But this year, millions of renters can expect to receive repayments for ancillary costs. Definition: Service Charges Service charges are the fees charged in addition to the standard cold rent.
In the face of an uncertain world economic situation, more and more people are looking for security. You will find them in a home that also represents the perfect retirement plan. However, there are many households that can not provide their own energy. Often, household income is too low to pay the rent or sufficient living space is unaffordable.