Holiday home and apartment: additional costs, location & taxes

Modern property in the countryside or in holiday areas are often on offer. The perfect properties for those who want a quiet retreat. However, such an investment is by no means cheap and finding the right property is not easy. In addition, you should consider a few things before you decide to buy.

Prices of €200,000 to €300,000 are quite common for smaller properties of 40 to 50 square metres of living space.

If you want a luxury property, you have to pay a lot more. Depending on the area, prices naturally differ and properties vary. Whether abroad or at home, before you acquire a second residence, you should clarify important points.

Investing in real estate: France

Living and working abroad is a very memorable experience, professionally, personally, culturally and of course financially. In this free guide, you’ll get investment tips for all the major cities in Europe, America and Asia, from New York to London to Paris.

• Investing abroad: Real estate (external)

Incidental purchase costs: What do you have to pay?

When buying a holiday home, you have to expect similar ancillary costs as with a normal house purchase. Depending on the property, renovation costs may be added to the purchase price first and foremost, as most properties need a little new paint, possibly a new kitchen or bathroom.

Looking for inspiration? In the FIV Magazine you will find tips for living room, kitchen, bathroom & Co (external): Furnishing.

The furnishing of the house is also added to the new construction. Your holiday home also needs to be furnished, because you want to feel comfortable in your place to relax. Apart from these additional costs, there are also costs for the interest.

Financing a holiday home with a real estate loan

If you take out a loan to finance your holiday home, you will usually only get one with high interest rates for such a project. So compare different lenders and check where you are offered the best interest rates. Of course, you will also have to pay, for example, the land transfer tax or the notary.

Buying property abroad in Europe

• New York, LA, London & Co: Luxury Real Estate
• Foreign property France
• Foreign property Spain
• Foreign property Mallorca

Location and property prices

Depending on the location in which you are looking for a house, the real estate prices are cheaper or more expensive. So think carefully in advance about how much space you need in a holiday home and look explicitly only for houses that really meet your size requirements.

Houses that are too big will only make more work for you and drive up the price unnecessarily. Also consider where your holiday home should be located, because the location can also make a lot of difference to the price.

Example: Romantic holiday home by the sea, near Hamburg.

Winter garden and idyllic summer nights:

Taxes: Tourist tax holiday residence (second home tax)

Depending on the municipality in which your holiday home is located, the municipality may charge a so-called second home tax, which is usually around 10 percent of the annual rent.

Secondary residence tax approx. 10 % of the annual cold rent

Allotments with gazebo?

However, owners of allotment gardens with a gazebo are not affected by this regulation as long as the gazebo does not exceed a size of 24 square metres and the premises are not used for permanent living.

Real estate in holiday areas

For real estate in holiday areas, resort taxes are also due. Again, there is an exception for allotment gardens, these spa taxes are only required if a water and electricity connection is available and thus makes the gazebo a property.

Lease, right of termination and technical equipment

Who shies away from these costs, however, there are still other possibilities to get a holiday home. A property could be leased, but there is the risk that the homeowner insists on his right of termination and you can be terminated. The dream of a holiday home is then quickly over.

Of course, you can also build a holiday home yourself. Here, the costs for the land and a building permit are added. In addition, there is a building ban in some holiday areas, for example in flood protection areas. In addition, it must be noted that possible costs for water and electricity connections are added, which must be laid to the construction site.

Real estate transfer tax on the purchase of real estate

When you buy a holiday home, or more precisely a plot of land or part of a plot of land, you pay land transfer tax. The amount of the tax is determined by the individual federal states. As a rule, the real estate transfer tax ranges between 3.5 percent and 6.5 percent. You can find the current real estate transfer tax rate here, with example purchase prices of 1 – 5 million euros:

• Real estate transfer tax table

Holiday home abroad: special regulations & legal situation

Buying a holiday home abroad can quickly turn out to be more difficult than you think and you should be clear about the legal situation of the country before you make a decision. Abroad, some completely different rules than in Germany and blanket guidelines are not possible, because it varies from country to country. Depending on the situation of the country, there are different regulations that you must observe.

Mallorca: #1 for holiday homes in Germany

Exclusive luxury property for sale in Mallorca:

Small, green oasis with fireplace in the backyard.

Purchase contract: Written form & notary are obligatory

Probably the most important thing is that you never buy a property without a written and notarized purchase contract. With a purchase contract you are always on the right side and protected. In Spain, a verbal commitment is usually sufficient to achieve legally binding effects. In Turkey the transfer of ownership on a piece of paper is sufficient. And although other regulations are often customary abroad, you should still insist on the written contract.

Dedication: What does that mean?

In some countries, the use of the property as a holiday home requires a specific dedication. Check before you buy whether such a regulation has been included in the contract, so that you can use the property properly later. You should also check whether you, as a foreigner, can expect to own real estate in the desired country / area at all or whether you are not entitled to do so. Here, too, there are different regulations depending on the country.

Regulations on coastal protection, inheritance law and planning permission

When buying abroad, you should also pay attention to existing regulations on coastal protection, inheritance law or rights of way.

Many houses or apartment complexes have been built without planning permission or in coastal protection zones and can therefore be demolished at any time by a government order. Properties are also often of dubious construction quality or built illegally, which puts your protection at risk.

So when buying a property, ask to see all the necessary documents and insist on planning permission. A cadastre is also important to delineate what the property includes. In some countries, only rough indications have been made here and there is no legal certainty for you.

Europe: France, Italy, Turkey & Co.

Holiday home in Istanbul:

Exclusive furnishings in Kartepe.

Relaxing above the rooftops of the city.

Rent out a second home as a holiday home: Tips & Tricks

Many people buy a holiday home under the assumption that they will also rent it out if the property is not being used themselves. Not a bad idea, because a little extra income is actually always quite good. However, if you want to rent out your property, there are a few things you need to consider.

Good location generates interest

For example, location is very important.

Holidaymakers want central holiday apartments.

For example, close to the beach or just downtown. They usually want to see the place and not just stay in the apartment all day. An attractive location is therefore the key to successfuly rent out your property and also to be able to charge a good price for it. The better the location, the higher the price you can charge.

Attractive equipment

In addition, your property must have some equipment to be attractive for guests. Sufficient bedrooms, possibly a sofa bed to create more sleeping possibilities, a good kitchen with modern appliances and entertainment program, such as TV or Wi-Fi.

Your property should leave nothing to be desired and offer your guests everything they need on holiday. Bed linen, towels and a well-equipped kitchen are just as important as tips for great excursions and restaurants nearby and cleanliness on arrival. Special features such as a rooftop terrace or a pool will add tremendous value to your property.

Buy and rent

The real estate market is booming, everyone wants to get a piece of the pie. They also know that if you’re smart about it, you can get really rich with real estate investing. But how do you get started? How do you get there, buy your first apartment and rent it out? You can find out here, from real estate investor Alex Fischer:

• Buy and rent (external)

Viewing appointment: convince seller / broker

You have been looking for a new property for a long time. Berlin, Hamburg, Cologne or Munich, a house for the family because the apartment is simply too small for everyone, a new apartment because you want to move in with your partner or simply a move to a new city. When looking for an apartment, you always come to one point – the viewing appointment. For many an exciting appointment, because you can now see the property in real life, which you have only seen on pictures until then, but for others also a stressful appointment, where you meet other co-interested parties, the landlord or the agent.

• Do you need to bring documentation?
• What is your best course of action?
• How do you make the perfect first impression to actually get the property of your dreams?

In order to avoid making mistakes that in retrospect will be your undoing, there are a few things to keep in mind. From the important first impression at the viewing appointment, to the good organization of all documents. So that you don’t forget anything and can soon move into your dream property, here are the 11 most important tips.

• Viewing appointment

Buying a weekend home: Get out of the daily grind

Buying a weekend house – A weekend house can be used in a very diverse way. You can spend your free time and holidays there. In addition, it is possible to rent out the weekend house and thus generate additional income. Weekend houses are quite often on offer in Hesse and Rhineland-Palatinate. There are many beautiful regions in the federal states that are very popular with the people who live there.

Some weekend homes are located in popular holiday regions. Others are considered more of an insider tip and are hidden away on the edge of the mountains, near the Main River or in the middle of nature. If you want to buy a weekend house, you can choose whether you prefer nature, water or mountains. Decide on a location that you individually prefer. Weekend homes are not designed for residential purposes. They are for recreational purposes. For this reason, it is important that you feel comfortable in the area. If you are planning a rental, you should find out which locations are particularly popular. We will be happy to assist you in this and offer you weekend houses that exactly meet your individual requirements.

• Buy weekend house

Buy a farm: Country house in the green

Buying a farm – The decision to buy a farm is made by families as well as couples or singles in middle or older age, who want to change and appreciate the individual form of living in the midst of nature. We offer you farms in attractive rural locations.

Buying your own farm as a permanent residence or as a weekend home. You need to decide if you want to buy a property in need of renovation. These farms can often be purchased at a very reasonable price. Alternatively, there are properties that have already been refurbished by their previous owner and are in a modern and very good condition. These farms are usually ready for immediate occupation. However, you will have to expect a higher purchase price. This is especially true if the farm is in a very central location with a good infrastructure.

• Buy farm

Buying property abroad: Tips

• New York, LA, London & Co: Luxury Real Estate
• Real estate agent
• Foreign property France
• Foreign property Italy
• Foreign property Spain
• Foreign property Mallorca
• Luxury Real Estate Mallorca
• Off market – especially in hot real estate markets

Buying real estate: Tips from the investor (external)

Buying real estate but also investing in real estate requires a lot of knowledge and expertise. The best way to learn is to draw from the experience of professionals. Therefore, in conclusion, a recommendation for real estate beginners.

Newcomer Tips + Germany Comparison: Buying Real Estate

External guide (link opens in new tab):

• First property purchase
• Buying real estate: What to look out for?
• Buying mistakes
• Save taxes with real estate

Comparison of cities: Purchase prices in Germany (external)

In these individual guides to the major German cities are the important districts for real estate buyers, information on the infrastructure, as well as prerequisites for the purchase such as income, creditworthiness (credit rating), banks and equity. But much more important: mistakes, risks, rental yields and more. What is decisive for the purchase price and the valuation? Everything about location, building fabric, renovations, equipment and all that, free of charge.

External guides (link opens in new tab)

City / Purchase Price Current:

• Munich ~ 8,993 Euro / m²
• Frankfurt ~ 6,701 Euro / m²
• Stuttgart ~ 6,324 Euro / m²
• Berlin ~ 5,578 Euro / m²
• Hamburg ~ 5,507 Euro / m²
• Düsseldorf / Cologne ~ 5,470 Euro / m²

Equitable Distribution at a Glance: Balancing Wealth

• Equal division of the acquired equity during the marriage, in the case of a divorce
• The spouse with less or no equity can claim it
• The equity is the difference in the spouse’s wealth, whose wealth is higher at the end than at the beginning

Back to the Wiki: Real Estate

Garden as a value lever – why outdoor areas decide the selling price

Buyers decide within the first 30 seconds whether a property is worth considering – and the first impression is formed outside. In front of the house door, in the front garden, when looking from the living room window onto the terrace. Whoever wants to sell a villa knows: The garden is part of the lifestyle promise. In a classic row house, the value contribution of the garden is around 5–8 %, in detached houses 8–12 %, and in villas and country houses sometimes over 15 %.

Value contribution of different garden elements (approximate values)

Important: Pools and swimming ponds do not amortize 1:1 through the selling price – their value lies in the lifestyle and the speed of marketing. Anyone who wants to calculate this should determine the market value and apply the method of asset valuation before making larger investments, as outdoor installations are evaluated separately there.

Garden Planning – Step by Step to Your Dream Garden

Every good garden plan starts not with a spade, but with paper, a site plan, and a budget. Those who improvise here end up building twice – and that gets expensive. Professionals work with a clear 5-stage model:

The 5 Phases of Garden Planning

1. Inventory: Soil condition, sun exposure, slope, existing trees, property boundaries, water and electricity connections.
2. Needs analysis: Family with children (lawn area, play area)? Investor (low maintenance, marketable)? Self-sufficient (beds, fruit trees)? Representative (villa look)?
3. Zoning: Entrance area, living area (terrace), utility area (beds), relaxation area, possibly water zone.
4. Material choice & style: Mediterranean, modern, nature-inspired, English – consistency beats variety.
5. Implementation & maintenance concept: What to do yourself, what to leave to a professional? Who will maintain it in the long term?

Rule of thumb for garden installations

• Beginner’s budget: 5–10 % of the property value (e.g. 25,000–50,000 € for a 500,000 € property)
• Premium budget: 10–20 % for villas and country houses
• Rule of thumb: 50–250 € per square metre of garden for new installations, depending on requirements

Whoever plans the garden as part of a property as an investment should pay particular attention to low maintenance – tenants rarely maintain gardens as thoroughly as owners.

Design a low-maintenance garden – enjoy instead of toil

The biggest planning mistake: Gardens are built for summer days, but maintained for 9 months of the year. Whoever hates mowing the lawn for 2 hours on the weekend needs a different concept than the hobby gardener. Time budget before design wish.

Maintenance effort of different garden styles

Top 7 low-maintenance tips

• Lawn mower robot (1,500–4,000 €) saves over 100 hours per year
• Irrigation system with timer (3,000–8,000 €)
• Mulching instead of weeding – reduces weeds by up to 80%
• Ground cover instead of lawn in border areas
• Native, site-appropriate plants instead of exotics
• Perennials instead of annual bedding plants
• Raised beds instead of ground-level beds – less bending, fewer snails

Build your own garden path – connection and structural element

A garden path is more than function – it visually divides the garden and guides the eye. The choice of material determines character and cost.

Material comparison for garden paths (per m²)

Insider Tip: With higher-value real estate, natural stone pays off twice over – for the living experience and when later selling the house. Buyers in the premium segment pay attention to material quality.

Creating a Garden Pond – A Mini Oasis with Big Impact

A garden pond is the emotional centerpiece of many gardens. Already from 4 m² of water surface, a noticeable microclimate is created. Important: Clarity about purpose and maintenance before the first spade is dug.

Comparison of Pond Types

• Mini Pond (1–4 m²): 200–1,500 €, ideal for small gardens, filter not required
• Ornamental Pond with Fish (5–20 m²): 2,000–8,000 €, filter system mandatory
• Natural Pond (20–50 m²): 4,000–15,000 €, high ecological value
• Swimming Pond (from 50 m²): from 25,000 €, observe permit requirements

Important Rules

• Minimum depth of 80 cm, so that fish can overwinter
• Not directly under deciduous trees – otherwise the water will turn
• 1/3 planting zone, 1/3 shallow water, 1/3 deep water as a rule of thumb
• Check permits from around 100 m³ volume (varies by federal state)

Build your own fire pit – Element fire for more atmosphere

A fire pit extends the garden season from 5 to 9 months. From the mobile fire bowl (80 €) to the built outdoor lounge with gas fireplace (15,000 €), everything is possible.

Variants and costs

• Mobile fire bowl: 80–500 €, no construction effort
• Fire pit (DIY): 200–800 € material, one weekend to build
• Brick-built fire pit with seating: 1,500–6,000 €
• Outdoor fireplace / gas lounge: 5,000–20,000 €

Don’t forget legal requirements

• Minimum distance of 5 m to buildings and hedges
• Observe neighborhood law – smoke nuisance can be the subject of a lawsuit
• In some communities, notification or approval is required

Creating a herb garden – Enjoyment and decoration

A herb garden is the garden element with the strongest return on investment: 500 € investment, 200 € herb savings per year, plus increased value. Raised beds are the gold standard – fewer snails, less bending, longer season.

Top 10 hardy herbs for German gardens

• Rosemary (sunny, Mediterranean, perennial)
• Thyme (very low maintenance, perennial)
• Sage (winter-hardy, perennial)
• Parsley (biennial, semi-shaded)
• Oregano (perennial, sunny)
• Mint (plant separately – it spreads!)
• Chervil (perennial)
• Dill (Maggikraut, perennial)
• Hyssop
• Fennel

Raised bed vs. ground bed

Building a swimming pond – a big project with big impact

The swimming pond is the premium element par excellence – but no impulse buy. Anyone who wants to realize it needs space, budget and patience.

Requirements

• Minimum size: 50 m² total area (of which about 50% swimming zone)
• Minimum depth: 1.80 m for comfortable swimming
• Land size: at least 800–1,000 m² recommended
• Sun hours: at least 6 hours daily, otherwise algae
• Permit: required in many federal states from 100 m³ volume

Cost range

• Small swimming pond (50–80 m²): 25,000–50,000 €
• Standard swimming pond (80–150 m²): 50,000–90,000 €
• Natural pool (technical, clear water): 60,000–150,000 €
• Ongoing maintenance: 800–2,500 € per year
• Electricity costs pump: 200–600 € per year

Swimming pond vs. classic pool

Before any major investment, it is advisable to take a look at the evaluate property factors – not every location justifies every investment.

Designing Small Gardens – Big Impact with Few Resources

Townhouses, row houses, patio gardens: 50–150 m² are the standard in urban areas. Here, every detail counts – and reduction beats variety.

The 5 Golden Rules for Small Gardens

• Use verticality: Trellises, climbing grids, and green walls create volume without sacrificing space
• Maximal 3 Materialien: Mehr
  ]]> https://lukinski.com/partition-plan-of-the-building/ Sun, 07 Apr 2019 11:00:37 +0000 https://lukinski.de/partition-plan-of-the-building/ Subdivision Plan – The subdivision plan is a stamped construction drawing that provides information about the building’s layout, location and size. Further reading: Lukinski Blog. These drawings of floor plans, sections and elevations are all necessary representations of the building to be subdivided. In addition to the division of the building by the floor plans, the location, size and position of the parts of the building on the property are also shown.

  Subdivision Plan at a Glance: The representation of the division of a building

  • Construction drawing with seal or stamp
  • Informs about the division, location, size and location of the building parts
  • On a scale of 1:100

  Back to the wiki: Real Estate

  ]]> https://lukinski.com/declaration-of-division-for-the-division-into-co-ownership-shares/ Mon, 25 Mar 2019 11:00:12 +0000 https://lukinski.de/declaration-of-division-for-the-division-into-co-ownership-shares/ Declaration of division – In the declaration of division, a property is divided into co-ownership shares. This means that the owner specifies that the ownership of a property is to be divided in such a way that each share is associated with the separate ownership of an apartment or a room not used for residential purposes. A notarial deed must be filed for entry in the land register. The three objectives of the declaration of division are, on the one hand, the determination of the amount of the co-ownership shares, the qualification of the special property and its purpose of use and, finally, the determination of the boundaries of common and special property and the possible guarantee of the special rights of use. All definitions: glossary.

  Declaration of division at a glance: Establishment of residential and partial ownership

  • Property is divided into co-ownership shares
  • Each share of the division shall be connected with the separate ownership of a dwelling or of a room not used for residential purposes
  • A notarial certification must be submitted for the land register entry
  • Objectives of the declaration of division: Determination of the amount of the shares, qualification of the special property and its purpose of use, guarantee of special rights of use

  Back to the wiki: Real Estate

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