Selling property in Ostend (Frankfurt): Procedure, prices, checklist – Tips

Selling real estate in Frankfurt-Ostend – selling an apartment, selling an apartment building or selling your own property. No question about it: there are still numerous “corners” in Ostend that are far removed from the shimmering glamour of the Main metropolis. But that doesn’t mean that properties in less privileged streets of the Ostend can’t also be sold at excellent prices. We’ll show you how! You want to sell your property in the historic Frankfurt-Ostend? Whether it’s a maisonette with a view of the skyline, a spacious semi-detached house or a renovated apartment building – here you’ll find everything you need to know to sell your property quickly and efficiently. Plus our free guides to property valuation and Off Market – Welcome to the Ostend! Back to overview: Selling a property in Frankfurt.

Frankfurt-Ostend: Diverse & up-and-coming district

The international airport, the flourishing financial sector and the dazzling skyline of the city make up the unique flair of Frankfurt. The multitude of historical monuments and modern skyscrapers also perfectly round off the cityscape of the Main metropolis. Frankfurt is not only an attractive place to live, but also an international trade fair city with a booming banking and finance sector. The city centre also inspires with its variety of national and international companies, the numerous luxury boutiques and culinary specialities from all over the world. Whether Gallus, Offenbach or Ostend – everyone is at home in Frankfurt.

Ostend: map and location

Hafenpark with Germany’s largest skate park, a variety of cafés and restaurants – Frankfurt’s Ostend offers all this. The up-and-coming district is home to the zoo, green spaces and a lot of nightlife options that allow you to relax at the end of the evening. A short walk along the banks of the Main River takes you right into the city centre, where bankers, tourists and locals alike raise a ribbed glass and toast the Hessian joie de vivre. The residential area is opposite Frankfurt-Offenbach and other popular districts such as the upscale Frankfurt-Nordend and the former working-class Gallus district are not far away. In addition to the most exclusive properties, this is also home to the most expensive streets in Frankfurt.

In the meantime, even the traffic-intensive Hanauer Landstrasse has developed into a well-known address for residential and business life. An apartment in the Ostend has long been one of those addresses that elicit an appreciative “aha” in conversation. And this also applies to residential locations around Danziger Platz, for example. Whether apartment building, penthouse, apartment or loft – the Ostend is as versatile as the city of Frankfurt itself, and this is also reflected in the street scene.

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Sell real estate: Apartment, house, apartment building

Inheritance, family relocation, career prospects elsewhere or divorce – no matter what motivation drives you, the sale of a property in the coveted Ostend should proceed in an organised manner and requires a certain amount of preparatory work. After all, your property should not only be sold as quickly as possible, but also efficiently. So you can sell your property privately or with the help of an estate agent. After all, it is important to avoid all sources of error. The sale of real estate depends not only on the type of house or apartment, but also on the time of sale and the current market demand.

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No matter what the property, property valuation is not only one of the first steps, but also one of the most important.

Real estate valuation: Valuation for the sale of real estate

When valuing your property, not only is the value of your property determined, but also a purchase price is set. This should be realistically estimated. If the purchase price is too low, you are giving away money unnecessarily. If the purchase price is too high, you will scare off potential buyers. So contact the real estate agent you trust here as well. Because not only the pure material value is decisive for the purchase price of the property, but also the costs for conversions, renovations and modernisations.

Here you can learn more about real estate valuation:

Frankfurt-Ostend: Versatile district of the financial metropolis

The residential location map for Ostend provides an initial overview of the price level. At around €3,500 to well over €5,000 per square metre, the purchase (and therefore sales) prices for houses are already above the Frankfurt average. An experienced real estate agent, for example, can tell you how your property fits into this market. An experienced real estate agent is not only familiar with the current real estate prices in Frankfurt, but also with the topics of taxes and finances. If you are looking for a suitable real estate agent, we will tell you here:

ECB and consequences for the real estate market

At the end of 2014, the new European Central Bank – ECB – moved into its offices in the striking bank tower on the old wholesale market site in Ostend. All owners of houses and apartments rubbed their hands! Because “the market” assumed that the employees of the ECB would pounce on the houses and apartments in the immediate vicinity of the skyscraper. But the big boom has failed to materialise to date! For many ECB employees, the already “gentrified” neighbourhoods of Nordend, Sachsenhausen or even the “greenfield” in Frankfurt are the first choice as a place to live.

Financial metropolis meets pub culture: the unique charm of the Ostend

Old apartment buildings meet chic new buildings with practical access to supermarkets and the like. The developers in Frankfurt have recognised one thing: the busy business professionals who throng in and around Frankfurt like things to be practical. Ideally, everything is in one place or at least within walking distance, because parking spaces are expensive and car sharing is popular.

Popular in Ostend: A mixture of apartment complex and commercial property

For this reason, new buildings are often equipped with commercial space in the lower parts, so that a busy day can easily be ended around the corner supermarket. In addition, the Trinkhallen culture is big in Frankfurt. Trinkhallen are Frankfurt’s version of Berlin’s Spätis or Cologne’s kiosks. Here, young and old, rich and poor meet to sip their after-work beer in a relaxed atmosphere and exchange ideas.

Successful sale of apartment building in Ostend

Whether popular Ostend, up-and-coming Frankfurt-Gallus or upscale Nordend – psychological things play a major role in the sale of a house, regardless of whether it is an apartment building or a single-family home. The “outer” impression that your property makes when it is sold has a considerable influence on the acceptance of the sales price! Because a house, which already makes a defective impression at the sight from the outside, lets the buyer conclude on further lack. Often it does not help in this connection also to refer to an allegedly or also actually favorable price of the real estate. Buyers estimate – if they are inexperienced in this regard – the renovation costs significantly higher than they actually are. A successful renovation or modernization with the help of a craftsman, architect & Co. can increase the value of your property immensely. Conversely, it has been shown that even a properly maintained garden as well as a fresh coat of house paint can mitigate or even prevent possible discussions about the sales price.

Which parts of the building should be renovated?

An apartment building should be regularly checked for damage and areas in need of renovation or refurbishment. For example, the façade should be free of cracks and overgrowth, gardens and hedges neatly trimmed, as well as all communal facilities presented clean and well maintained.

Here is the overview:

  • Facade should be without cracks and fouling
  • Roof must be “tight” at all points
  • Garden should make a well-kept overall impression
  • Property enclosures should not have gaps
  • Trimming hedges for viewing
  • Present building interior (communal facilities) in a clean and well-maintained manner

Renovation before sale: tax advantages

Whether renovation is worthwhile before the house is sold can ultimately only be answered on a case-by-case basis. In principle, it can be said that tax offices recognise the costs for the maintenance of a property. An exception is, however, the renovation or modernization expenses for houses that were in a very poor condition when purchased or had a very simple standard of equipment. In this case, the modernisation expenses are subsequently added to the production costs of the house and depreciable at a rate of 2% over a period of 50 years.

For houses with a lot of renovation work: production costs are depreciable at a rate of 2% over a period of 50 years.

Equipment: Parquet flooring, balcony & Co. – Identifying the right building standard

Normal or upscale? – What condition should the property in the Ostend be in? Whether a house has a “simple”, “normal” or “upmarket” standard of construction can be assessed by means of numerous features. By the way, a look at the local rent index will also help here! Parquet floors, spacious and modern bathrooms, electric roller shutters as well as triple glazing and the presence of a lift in the building – to name just a few examples – are still considered to be “upmarket” fittings.

Value increase of 5% if balcony available!

But even with balconies, the classification depends on whether the house is still considered a new building or not. For new buildings, balconies are considered “normal” unless they are particularly large. On the other hand, balconies increase the value of an older existing property by up to 5%!

The following features indicate an “upscale” standard of construction:

  • Parquet floor
  • Spacious and modern bathrooms
  • Electric shutters
  • Triple glazing
  • Elevator
  • Balcony

Conclusion: When is an investment worthwhile?

Especially in Frankfurt’s Ostend, however, the following applies: If you want to sell your property, it should be on a par with the buildings in the surrounding area in terms of standard and condition. In plain language: If your house is the “ugly duckling” in the entire district, you should invest money! By the way: The location of your property also influences the rating “normal” or “upscale”! Thus, the proximity to public transport and or public facilities – especially in the inner-city area – is considered “preferred” or upscale.

If your home is the “ugly duckling” in the entire county, you should invest money!

Liveable Ostend: Not only for bankers

There are people who say that the Ostend is one of the most exciting locations in the republic. And this is probably due to the fact that traditional Hessian, or rather Frankfurt, way of life is combined here with the modern pulse of the times. To ensure that the quarter remains liveable and lovable even for “ordinary people”, the city and residents are working to improve the quality of life in Ostend. The “Lebenswertes Ostend e.V.” association was founded specifically for this purpose. In addition to the reopening of the eastern entrance to the zoo, the association is also working on the implementation of barrier-free paths and facilities.

City and residents contribute to improving the quality of life in Ostend

What makes the Ostend so attractive? Relaxation and hustle and bustle mix in Frankfurt’s Ostend like seldom before in a big city district. Shopping, leisure, sports or simply strolling and relaxing – everything you could wish for in an urban residential location is right on your doorstep here. Frankfurt’s best-assorted grocery store offers over 55,000 articles on around 5,000 square meters. As the popularity of the district grows, so does the number of shopping options – with specialty shops, a sports department store or the design furniture store Kontrast.

Ostend and Bornheim: cosy weekends and good connections

Bornheim is located between the Ostend and the Nordend – there really is something for everyone here. The twin city district of Bornheim is home to the popular Bergerstraße, which is a real insider tip among Frankfurt residents. In addition, the people of Frankfurt love their street festivals in the summer. Whether it’s Berger Straße Fest, Opernplatzfest, or Fressgassfest, it’s not just the common folk who flock here, but also the after-work greedy who sip their prosecco, wine or favourite beer while still in their office outfits.

In addition, the best restaurants of the city sell their delicacies on the roadside, so that the physical well-being is fully provided for. The multi-cultural city has not only good home cooking in the Petto, but offers from Argentine to Vorderhessisch, everything the heart desires. And if you miss the lively Main riverbank in summer, it’s your own fault, because a picnic in the green or a cocktail in the bar under the ECB are indispensable.

Selling property in the Ostend: Off Market

You want to buy a new property soon? Or you would like to buy an apartment building in order to rent it out lucratively? Whatever your next plans are, your current property should not only be sold as quickly as possible, but also efficiently. Selling a house involves a number of tedious tasks at the outset, which could easily be handled by an estate agent, for example. First and foremost, you need to start thinking about what you want from your property sale in terms of price, effort and viewings.

Security through discretion – the work of the Diskret broker

Many private real estate sellers hesitate to entrust a broker with the handling of the sale not only because of the costs. They fear that through the work of the broker, the sale will be too public. Why also always neither neighbours, nor friends and acquaintance should experience from the sales intentions.

Reading tip: Off Market: Discreetly selling your apartment, house & co.

So discreet brokers offer you the following:

  1. No sales signs on the house and in the garden
  2. Discussions between seller and broker only possible on a scheduled basis and on neutral ground
  3. Placement of the property in the portals without any reference to the exact location and the seller
  4. Sale of the property only to selected and previously intensively tested customers

Conclusion: The quarter in transition is worthwhile

Frankfurt’s Ostend is therefore in no way inferior to the popular residential areas of Gallus, Offenbach and Westend! It is here in the east that Frankfurt’s true strength is particularly evident: the Hessian way of life combines naturally with the pulse of a modern business metropolis. The extensive riverside park merges imperceptibly into Frankfurt’s inland port. In the European Central Bank, decisions are made that help determine the development of nations, while next door, in a traditional butcher’s shop, bankers and craftsmen celebrate shoulder to shoulder eating their beef sausage, the hearty speciality that true Frankfurters love far more than the sausages named after the city.

If you are looking for a guide to selling a house, then you are in the right place, because we offer advice on all aspects of real estate. Of course, we also have the right article about the sale of your property:

Frankfurt am Main: Real estate in the financial metropolis

Frankfurt is definitely the most impressive German city. If you stand in the Frankfurt city center, you drive in here, the skyscrapers are something very impressive. This makes the city seem twice as big as Berlin, three times as big as Munich and four times as big as Cologne. The attractive location directly on the Main and in the centre of Central Europe continues to attract people from all over Germany and the world to the city. Frankfurt a.M. is known for its unique skyline, skyscrapers and a thriving financial market. But the city offers so much more. Museums, green spaces, the opera, art halls. Culture as far as the eye can see.

Real estate in Frankfurt

With its opera, theatres and museum mile, Frankfurt has everything that high culture needs. In addition, a decent gastronomy scene, which in terms of internationality has no comparison in the world. There are beautiful parks in the city, as well as the zoo and the Palmengarten, so that you don’t have to leave the city for a short rest. The banks of the Main River invite you to stroll along, in addition to the chic shopping galleries. The skyscrapers are also an attraction in themselves. And if you visit one of the numerous festivals in the summer, it’s hard to get away from the view of the skyline.

Living in Frankfurt am Main: Popular districts & residential areas

With a population of less than one million, the metropolis in the Rhine-Main region is known worldwide and home to Germany’s second largest airport. No wonder, after all, Frankfurt is considered an attractive place to live. While the up-and-coming Gallus convinces with its hip flair and excellent location, the Westend and Nordend inspire with their elegant charm paired with historical flair. Find out everything about Frankfurt’s most popular districts, their locations and prices per square metre here. To the overview: Living in Frankfurt am Main

Sell, buy and live in Frankfurt am Main

Whether modern Nordend, up-and-coming Gallus, international Westend or the popular neighbouring town of Offenbach, with the current price trend it is worth selling your property in Frankfurt! You want to sell your apartment, your apartment building or your land in Frankfurt? Find out here what you need to bear in mind when selling your property in Frankfurt. In addition: Our free guides and tips on the topics of property valuation, off market and all prices per square metre in Frankfurt – Welcome to Frankfurt! To the overview: Selling real estate in Frankfurt.