Condominium – A condominium is a residential unit in a two- or multi-party building. This can be purchased either through a real estate agent, usually from a housing company, or privately and commission-free through acquaintances. The buyer is also allowed to rent out the property if he has not already bought it rented, which is popular among real estate investors.
But whether you buy a condo through a broker or commission-free through a private individual, you need to get the financing in place before you can buy a condo. Whether you buy the condo as a private individual or commercially, there are many different options for financing to choose from. In exceptional cases, you can buy a condo without any equity at all. In this case, however, you need the long-term confidence of your bank and a very good liquidity.
If you want to resell your condo, there are a few tax factors to consider. If you have used your apartment yourself, you can sell it tax-free at any time. However, if you have rented out the condominium, the sale is only tax-free after 10 years. With the purchase and sale it is in each case the course to the notary duty. This seals the apartment purchase or sale with a notarization. In a multi-party house there is usually an owners’ association to which the house owners regularly pay the house money. The owners’ association appoints a property management company and this in turn determines what the house money is to be invested in. In comparison to the ancillary costs, the house charge results from the respective ownership of the apartments.
Condominium
Buy through a broker or privately
Buy without equity – only with relationships & top liquidity
Tax-free sale – owner-occupier only or after 10 years
Owners’ association determines property management
Property management determines investments of the house money
Capital investment care real estate – care real estate buy as a capital investment? The fewest who want to invest in real estate, come in the first thought on care real estate, or apartments. However, it is worth taking a look at this type of investment. Nursing homes are springing up all over Germany, not just in conurbations, as the population is getting older and older. There are properties and facilities for senior citizens in every district. They offer themselves thus investment object for regional investors, as capital investment in the proximity, in addition, for supraregional investors. How is the market for nursing care real estate developing in Germany? Which type / which location is interesting for the investment as yield real estate? We have identified 5 factors in the first look at this form of investment.
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