Loans at a Glance

• A larger amount of borrowed money
• Real estate purchases are often financed by loans
• Interest payments must be made when a loan is repaid
• Commercial banks often require equity capital as a prerequisite
• Private loan: Low interest rates and no credit check

Der Beitrag Loans: Debt contract, Loan Interest & Advances erschien zuerst auf ℄ Real Estates.

Joint Ventures in Real Estate: Owning and Selling, Co-Ownership

Several owners and one wants to sell – what now? For various reasons, people buy real estate together. When selling real estate from collaboration or inheritance and estate, before private sale or through a real estate agency, many questions arise. From simple topics to the selling price up to more complex tax questions, like:

• What is a joint venture?
• What is fractional ownership?
• Is it possible to sell co-ownership?
• What is the co-ownership share?
• Who is the owner of the house?
• What does ideal co-ownership share mean?

The possession of several persons on a thing defines itself briefly in such a way:

• Classic examples: Single-family house or shared condominium

Joint Venture in BGB § 741

§ 741 Community by fractions – If a right is jointly entitled to several persons, the provisions of §§ 742 to 758 shall apply unless the law provides otherwise (community by fractions).
The most important keywords in the joint venture are for you:

• Land
• Voting
• Land Register
• Right of First Refusal
• Voting Right
• Declaration of Division
• Administration Agreement

Back to the Wiki: Real Estate

Der Beitrag Joint Venture (Real Estate) – What to Know, Ownership, Laws + More erschien zuerst auf ℄ Real Estates.

Low mortgage rates for construction financing

Do low mortgage rates affect construction loan amounts?

How to take advantage of the low interest rate

To benefit from the low mortgage rates, you should compare construction loans and decide on a competent consultation and a condition offer calculated for you. At Lukinski, we will find the construction financing that best suits your financing needs and offers the best mortgage rates.

Financing bank

The interest rate of the financing bank is significantly related to the mortgage rates. If you plan your construction financing in detail and apply at the right time, you can positively influence the estimated mortgage interest rates for your financing. These interest rates are a variable that can rise as well as fall. If you are flexible in planning a construction financing, your patience can ensure a particularly favorable offer and reduce your home purchase or home construction by several thousand euros.

Frequently asked questions about mortgage rates

The most frequently asked questions about mortgage interest rates in advisory meetings with clients:

• How high are mortgage rates at the moment?
• What are the interest rates on mortgage loans?
• How will mortgage rates evolve?
• How high are the interest rates at the savings bank?

Current mortgage rates more favourable than ever

Currently, mortgage rates for annuity loans and other forms of construction financing are so low that you can build, buy and finance when you want. Experts will determine the most favourable option for you and make you an offer that, in its entirety, includes a convincingly favourable construction loan amount and shortens your repayment period. Before signing a construction financing contract, we recommend that you take a close look at mortgage interest rates and use this knowledge to choose the right time for your financing project.

What influences mortgage rates?

Mortgage rates are not, as is often inferred, conditioned by the ECB’s zero interest rate policy. Even if the key interest rate has an indirect influence on mortgage rates, it does not have a direct impact. The main component in the mortgage rate development is based on the economy.

When the economy is thriving, mortgage rates fall, while stagnation in economic strength is accompanied by rising mortgage rates. Refinancing of construction loans takes place via Pfandbrief transactions, whose interest rate depends on the interest rates for government bonds, which in turn are determined on the basis of economic strength.

External influence vs. personal influence

Basically, you can use the economic reports to draw a conclusion about mortgage rates and find out whether it is currently a good time to take out a construction loan. In addition to the external influences, you personally influence the mortgage rates.

As always: creditworthiness and equity capital are the decisive factors

The more equity you bring with you and the higher your credit rating, the more favorable the offer you will get for real estate financing.

Another important point is the amount of the repayment, with which you particularly influence your personal building interest.

Despite historically low mortgage rates, you should compare before taking out a home loan, look at the interest rate chart or call for professional services in search of your financing.

Mortgage rate comparison for building loans

We have a large network and helpful tools to determine the best construction financing based on your information and available facts. On your behalf, experts search for the most favourable conditions and make comparisons of different financing models and financing partners.

Financing strategy and financing models

Before creating a precise financing strategy for your home, they compare mortgage rates and consider the external influences currently present, as well as your personal financial background in relation to interest rate conditions.

When you finance with experts, you choose a low-cost path to homeownership and benefit from their knowledge of mortgage rate facts to find the best deal that suits you. Mortgage rate experts will advise you on repayment amounts and terms, equity use, and the differences between each type of financing. Secure the best mortgage rates now and finance your home or condo at a rate that will shorten your construction loan amortization period and give you new opportunities and many advantages in construction financing.

Calculator: Online & free of charge

Calculate here free of charge, online your individual mortgage interest:

• Mortgage interest calculator

Der Beitrag Mortgage interest rates: Development, building interest rates & calculator free of charge erschien zuerst auf ℄ Real Estates.

When is there an obligation to present an energy certificate?

Property owners who wish to sell their property must present an energy certificate at the latest when viewing the property. When advertising, key data such as final energy demand or consumption in kilowatt hours per square meter (kWh/m²) and year, the main energy source of the building heating and the year of construction of the residential building must be specified. Caution is advised in the case of missing information, fines of up to 14,000 euros may be imposed. The certificate or a copy must be handed over to the new owner when the purchase contract is concluded. There is only one exception to note, these are buildings with less than 50 m² of usable floor space and historical monuments.

Which energy efficiency classes are included in an energy certificate?

Energy certificates for residential buildings issued after 1 May 2014 are assigned to an energy efficiency class from “A+” to “H”. This classification should also be indicated in real estate advertisements. This enables prospective buyers to obtain a direct, well-founded impression of the energy status of a building.

“A+” classifies buildings whose final energy demand or consumption is less than 30 kWh/m² per year. The efficiency class “H” indicates residential buildings whose demand or consumption is higher than 250 kWh/m² per year. The classification is combined with the band tachometer already known from the old energy certificate, which also visualises the energy efficiency in terms of colour from green (very efficient) through yellow (average efficiency) to orange and red (low efficiency).

What distinctions are there in the energy certificate?

A distinction is made between a consumption and a demand certificate. The consumption certificate is based on the energy consumption, such as gas or heating oil. In the case of the demand certificate, a calculated heat balance of the building is created. The energy consumption to be expected for the heat losses of the building components, the building ventilation and the operation of the building services is calculated and compared with a reference building.

What is an energy certificate and how do you read it?

Examples, costs, when which

Der Beitrag When is an energy certificate required for the sale of a house? erschien zuerst auf ℄ Real Estates.

You can rent or buy newly built apartments. If you are planning a property sale in Rhineland-Palatinate or Hesse and would like individual advice, you can obtain information or make an appointment on MeinHausverkauf.de. We have a high level of experience in the region and offer you support with all questions relating to your property.

You want to sell? Read more tips on taxes, procedures & co. under Selling an apartment.

Social housing and the free housing market – the differences

In terms of rental prices, new-build apartments are divided into free and subsidised housing. While prices on the free housing market vary according to supply and demand, subsidised housing is subject to price fixing. The target group of subsidised housing is families and people with low or medium incomes. Since the rental is not on the free market, the income must be proven. If it exceeds the limits for subsidised housing, the apartment cannot be rented.

n income verification is also common in the free housing market. The landlord wants to make sure that the rents can be paid on time. Payment defaults and the possible consequences associated with them are a nuisance for every landlord, which can be associated not least with high costs. For this reason, many landlords check the Schufa of all potentially interested parties, and proof of income must be submitted. Anyone who does not have a regular job, struggles with a poor credit rating or can only prove a low income has less of a chance of finding an apartment on the open housing market. In social housing, financial difficulties or a low income are not assessed so strictly.

In terms of amenities, social housing differs from newly built housing on the open housing market in many details. Apartments built for sale or rent on the open housing market often have a larger living space and better facilities. However, you pay for this with a higher rental price. Alternatively, you can buy the flats, which is only possible in the case of social housing if the provider changes and puts the flats up for sale. Since a social housing is in many cases already supported by the state during the construction phase, there are often conditions that require renting on the social housing market. In this case, a sale of these apartments is not possible.

Newly built apartments – the most important features

New-build apartments come in various sizes with one to six rooms. Apartments with three and four rooms are particularly popular. These can be used very diversely by singles, families or couples. Apartments with one or two rooms are very popular with singles, students and trainees because they are very inexpensive. Apartments with five rooms or more are not only rented to single persons or families, but also as part of a shared flat. Housing associations that commission new-build flats often have to meet conditions. Within this framework, it is not possible to let new-build flats to a WG. If, on the other hand, the landlord is a private person and it is not subsidised housing, then the landlord alone decides who he wants to let the flat to.

Every new apartment is equipped with its own kitchen and at least one bathroom. Modern apartments and those that are a little larger also have a guest toilet in addition to the bathroom. Most new build apartments have a balcony or terrace to create a small outdoor recreation area. Only rarely are new-build apartments built that have no outdoor recreational space at all.

Buy a new building or an existing property?

The equipment of the kitchen

The landlord decides whether the kitchen is furnished or not. For the tenants it is an advantage if kitchen furniture is already installed in the new apartment. Since modern kitchens are furnished with built-in cabinets, they are exactly adapted to the respective room. If a tenant takes his kitchen with him to another apartment, a conversion is necessary. It is not uncommon that adaptation is not possible, and the tenant must also invest in a new kitchen when moving into a new apartment.

Taking over a kitchen from the previous tenant is more practical. For hygienic reasons, but also because of the higher costs, many landlords decide against equipping the kitchen and leave it to the tenant. According to the law, the landlord must provide an opportunity for cooking and washing up in the kitchen. He does not have the obligation to provide kitchen furniture.

The problem with taking over the kitchen furniture does not arise with newly built apartments. If the landlord has already equipped the kitchen, the furniture is new and will be taken over by the tenant for the first time. If the apartment is bought as freehold, the new owner takes over the furnishings anyway. For this reason, the kitchen is handed over empty. It is important to find out whether you need to include kitchen furniture in your budget or whether it is already available when you apply to rent or buy a new-build flat.

Sanitary objects in the bathroom

The furnishing of the bathroom is the responsibility of the landlord or the builder. He decides whether the bathroom will be fitted with a bathtub or shower or both components. In larger apartments, the bathroom often has a bathtub, while in a smaller guest toilet there is a shower.

The type of sanitary objects that are integrated into an apartment is also selected by the landlord. Expensive sanitary objects are often installed in high-quality apartments that are to be rented on the open housing market. Social housing gets by with cheaper solutions. However, when renting or buying a new-build apartment, you can assume that you will be using a modern bathroom with high-quality fittings.

Walls and floors in a new build apartment

A newly built apartment is handed over ready for occupancy. This means that the walls and floors are furnished accordingly. You will find flooring or carpet. The walls are usually painted white. You are allowed to change the design according to your taste. However, it is important to know that if you move out, you must hand over the apartment as you found it. This may mean that you have to undo any renovation work that you have carried out according to your individual taste.

If you have purchased a new-build apartment, you are free to decide at any time how you would like to design the rooms. If you buy in good time, you already have a say during the construction phase. Only the exterior facade must remain uniform. This is how it is decided in many owners’ meetings. This means, for example, that you cannot determine the colour, shape and structure of the windows yourself.

Buy or rent a new apartment

Basically, you have the option of buying a new-build apartment as an owner directly from the developer or renting an apartment. Buying a new-build apartment is only possible on the open housing market. You can plan to buy the apartment in order to rent it out afterwards, or you can decide to live in the apartment yourself. You can always change this decision in later years. This means that by buying an apartment, you are not making a firm commitment to a place to live. However, make sure that you do not lose money unnecessarily by selling an apartment.

Lukinski would be pleased to offer you individual advice if you wish to sell an apartment in the federal states of Hesse or Rhineland-Palatinate. We are familiar with the market and can provide you with important decision-making aids. You can contact us at any time via our website. Opt for the services of an online broker if you prefer independence when selling an apartment.

We offer you a stress-free sale that is tailored to your individual needs and, if you wish, we can take care of all the necessary formalities associated with a residential sale. This applies to all clients, and regardless of whether you want to sell a newly built apartment or offer a property that was built a few years or decades ago. Benefit from the work of a professional estate agent and complete the sale of your apartment quickly and without complications.

Der Beitrag Newly built apartments – What to consider? Costs and procedure erschien zuerst auf ℄ Real Estates.