Now available for free in the App Store: Immo Tools

The Lukinski Immo Tools and the Lukinski Villas App, now free for iOS and Android Phones.

Top 3 calculators in the app!

The 3 most popular calculators of Immo Tool users so far:

Top 3 Calculator: #1 Yield Check

The yield calculators, for example, are particularly popular. The yield of a property tells you how profitable it is (guide: property yield). With the yield check calculator you can check super fast and easy if a planned real estate investment is profitable. The yield quick check for capital investments.

• Yield Check

Calculate net yield #2

With the net yield calculator you can calculate the net yield of a property. Here you can enter the gross yield, the applicable taxes and costs (e.g. maintenance costs) to determine the net yield.

• Calculate net yield

Calculate brokerage costs #3

You can easily calculate the brokerage costs with the corresponding calculator. Here you can enter the amount of the purchase price to determine the brokerage costs incurred.

• Calculate brokerage costs

Real estate financing

Calculate equity

With the equity calculator, you can easily calculate your current equity, which can be used as a down payment when financing a property.

• Calculate equity

Calculate reserve

With the Reserve Building Calculator, you can calculate your monthly savings and set a goal for how much reserve you need for a future purchase.

• Calculate reserve

Calculate maximum purchase price

With the app’s Maximum Purchase Price Calculator, you can calculate how much you can spend on a property without straining your finances. Here you can enter various factors such as income, equity and monthly expenses to determine a realistic purchase price.

• Calculate maximum purchase price

Calculate redemption schedule

The repayment schedule calculator helps to calculate the schedule for the repayment of a loan. Here you can enter the amount of the loan, the repayment rate and the accruing interest to get an overview of the monthly repayments.

• Calculate redemption schedule

Buy real estate

Calculate ancillary purchase costs

With the calculator for ancillary purchase costs, you can calculate the costs incurred when buying a property in addition to the purchase price, such as notary fees, land transfer tax, brokerage fees, etc.

• Calculate ancillary purchase costs

Calculate real estate transfer tax

With the real estate transfer tax calculator, you can calculate the amount of real estate transfer tax that is due when you buy a property. Here you can enter the purchase price and the state to determine the amount of tax.

• Calculate real estate transfer tax

Real Estate Yield

Calculate gross yield

With the gross yield calculator you can calculate the gross yield of a property. Here one can calculate the amount of the purchase price, the monthly rental income, but without (!) the costs incurred (e.g. maintenance costs) to determine the gross yield.

We recommend the net yield, it is much more accurate for calculating the yield of a property.

Still to the calculator:

• Calculate gross yield
• Calculate net yield

Calculate purchase price factor

Especially for larger properties and portfolios, the purchase price factor is often used. Simply put, the result shows in how many years (x) the property has recovered. With the purchase price factor calculator you can calculate the amount of the purchase price factor. Here you can enter the purchase price and the annual rental income to determine the purchase price factor.

• Calculate purchase price factor

Real estate areas

Calculate usable area (DIN 277)

With the usable area calculator (DIN 277) you can calculate the usable area of a property by entering the dimensions of the rooms and the thickness of the walls. This calculation is done according to the specifications of DIN 277.

• Calculate usable area (DIN 277)

Calculate living space (WoflV)

With the living space calculator (WoflV) you can calculate the living space of a property by entering the dimensions of the rooms and the thickness of the walls. This calculation is done according to the specifications of the Living Space Ordinance (WoflV).

• Calculate living space (WoflV)

Calculate traffic area (DIN 277)

With the traffic area calculator (DIN 277) you can calculate the traffic area of a property by entering the dimensions of the rooms and the thickness of the walls. This calculation is done according to the specifications of DIN 277.

• Calculate traffic area (DIN 277)

Calculate functional area (DIN 277)

With the functional area calculator (DIN 277) you can calculate the functional area of a property by entering the dimensions of the rooms and the thickness of the walls. This calculation is done according to the specifications of DIN 277.

• Calculate functional area (DIN 277)

WEG (community of owners)

Calculate co-ownership share

The co-ownership share calculator allows you to calculate the co-ownership share in a property by entering the total value of the property and the share of ownership.

• Calculate co-ownership share

Calculate maintenance reserve

With the maintenance reserve calculator you can calculate how much the maintenance reserve for a property should be in order to cover future repair costs. You can enter the amount of the purchase price and the expected costs for repairs.

• Calculate maintenance reserve

Sell real estate

Calculate speculation period

With the speculation period calculator you can calculate when a property may be sold after the speculation period in order to obtain tax exemption. You can enter the date of purchase and the speculation period.

• Calculate speculation period

Calculate partial sale

With the partial sale calculator you can calculate the value of a partial sale of a property. Here you can enter the purchase price, the costs incurred and the expected rental income to find out the value of the partial sale and of course to calculate the user fee (comparable to rent) in return for the partial purchase.

• Calculate partial sale

Calculate partial sale check

With the Partial Sale Check you can check whether a partial sale of a property is profitable. Quick and easy.

• Calculate partial sale

Equity investment in the purchase of real estate

Whether for personal use or capital investment, equity capital is required for every real estate purchase. Especially when buying your first property, the amount of equity you need to contribute is important. If you are buying a property for your own use, you should contribute as much equity as possible. If you are investing in a property as a capital investment, less is more.

As a basic rule:

• Self-interest = As much equity as possible
• Capital investment = As little equity as possible

Why is that?

Equity as a safety mechanism

In order for the bank to give you a loan for your property, it needs a certain security to get this money back in full later. That is why your creditworthiness is checked in advance. The more liquid your finances are, the less equity is necessary. However, if your expenses outweigh your income, you will need more equity. Once you have received your loan, you pay it back monthly through repayments.

The better your credit rating, the less equity you have

Important: As an owner-occupant, you have to pay back the interest on your loan yourself. Investors, on the other hand, can deduct them from their taxes.

Self-interest: This is how much equity you need

So as an owner-occupier, you need to put in as much equity as possible. In addition, the higher the equity, the lower the interest burden. Because the more equity you bring in, the less risk there is for the financing bank and the lower the interest rates are calculated.

As a general rule: 20% equity for owner-occupiers

Monthly Costs & Income

So how much should you earn each month? Our tip: The monthly cost of your loan should not exceed 40% of your net income.

Here is a calculation example:

• Income (net): 3,000 euros
• 40% = 1.300 Euro

So the monthly repayment including interest should not exceed the 1,300 euros.

Capital investment: This is how little equity you need

While you need as much equity capital as possible for owner-occupation, as an investor you enjoy the advantage of having to contribute far less equity capital. In addition, you can deduct the interest from your taxes. Ideally, even the tenant indirectly pays your interest. As a buyer of a property as an investment, your equity covers only 10-15% of the costs.

These include:

• Incidental purchase costs
• Real estate transfer tax
• Notary fees
• Court costs
• Brokerage costs

Rolling equity: Fast investments

Our pro tip: Make use of your rolling equity. But how does it work? It’s simple: You buy a property and contribute equity. Now this is paid out again through redemption and you can use it directly for your next investment.

Conclusion: This is how much equity you need!

So here is the rule of thumb once again:

• Self-interest = As much equity as possible
• Capital investment = As little equity as possible

In the case of personal use, your equity serves as security for the bank that it will definitely get your money back sooner or later. In principle, the equity you put in should not exceed 40% of your net salary. As an investor, on the other hand, you only need to contribute 10 to 15 percent as equity. The interest is to be borne by the tenant and with the help of rolling equity, you can invest directly in the next property.

You can find more about equity and real estate financing on my new project for real estate buyers (Immobilien-Erfahrung.de):

• Equity (external)

Annuity Loan Explained: Real Estate Financing

The classic in the construction financing – the absolute advantage of annuity loans: You can secure advantages through constant annual payments in the repayment.

Typical questions about annuity loans are

• When is an annuity loan useful?
• How do you calculate an annuity loan from ?
• What is the difference between annuity loans and amortising loans?

With annuity loans you can pay the annuity monthly, quarterly or semi-annually.

You are flexible at the time the contract is agreed and can freely decide at what intervals you would like to pay the constant annual payment. This advantage gives you the possibility to create financial leeway and to adjust the repayment to your personal financial background and the desired repayment modality.

Planning Security and Flexibility for Construction & Purchase

Planning security and flexibility go hand in hand if you repay the entire term at a constant rate and secure the planned interest rate for the term you choose.

Period of 5 to 30 years

An annuity loan can be fixed for a period of 5 to 30 years and you can therefore decide individually how long you want to secure the interest conditions at the time of signing the contract.

Building Interest at Record Low

Nowadays, while building interest rates are at record lows, the longer-term fixation of the annuity is particularly worthwhile and gives you an opportunity to finance at unchangeable conditions, independent of changes in the mortgage interest rate development. By the constant annual performance you prevent unforeseeable interest rate increases and can effectively prevent against risks in building loans.

Loans in Comparison

As with all mortgage loans, your personal conditions for an annuity loan are based on your creditworthiness, the equity you have invested and the current mortgage interest rate.

Would you like to have solid financing and secure not only the most favorable interest rate, but also a constant one? Then an annuity loan is the best decision for your house or apartment purchase. You secure the construction financing as an annuity using the same criteria as for other financing options. In principle, an annuity loan is accompanied by a land charge, which means that you generally do not have to provide additional collateral for the construction financing.

Real Estate Loan: Possibilities & Alternatives

Would you like to fulfill your dream of your own home, a condominium, a building plot or a commercial property? Then the right choice of real estate loan will decide how high the interest burden and thus the total costs for your real estate loan are. Already when choosing a real estate loan, you as a potential buyer are faced with many questions and considerations, for example, whether you should choose the classic annuity financing or opt for another form of financing.

Follow-up financing is also possible in various ways. Ultimately, you are faced with the question of whether you are better advised with a long and fixed debit interest period or with a flexible real estate loan.

• Real Estate Financing

The basics – fireplace as a feel-good zone and focal point of the living space

A fireplace requires a certain amount of expertise that should not be underestimated. Especially when deciding which fireplace is the right one for your home, you should inform yourself in detail about the different types of fireplaces and how they are used.

General knowledge of fireplaces – flue, emission values & the ecological balance sheet

First of all, you should know that every fireplace needs a flue. Without a flue, also a chimney, a fireplace is not a fireplace. The absolute exception are bioethanol fireplaces, but since these do not cause smoke and therefore do not require a flue, they are strictly speaking not considered a fireplace. The district chimney sweep clarifies what a flue has to look like. He is also responsible for the acceptance of the finished fireplace. If you want to install a chimney in the house you have bought, you must first find out exactly whether a flue was installed during construction. If this is not the case, the whole thing is more difficult than thought and they may have to resort to an outdoor vent.

Tip! Heating system in comparison

Save up to 55% costs (heat energy)? Tip! Not only already, but practically? Save energy with the heating system in your property. Use the next time for renovation or your upcoming new building. Here you will find our guide heating systems: solar, oil, gas, heat pump, pellets in comparison and as extra, state subsidies. Continue reading here:

• Heating system: comparison

Fireplace in modern condominium(Berlin):

Fireplace integration country house(Mallorca)

The next question is whether to choose a fireplace with or without a door. This has not only optical differences but is crucial for the functionality of the fireplace. To use a fireplace without a door only for the purpose of the crackling effect is far from modern and should be avoided not only for the protection of the environment but also for your own health. These fireplaces have not only a shocking fine dust emission but also a very bad ecological balance. Because of this, it will no longer be permitted to own a fireplace without a door from 2024. By then, a fireplace must not only have a door and a filter against fine dust, but also proper emission values. This is prescribed by the regulation BImSchV (Federal Immission Control Ordinance). So if you are thinking about a fireplace now, you don’t need to consider a version without a door. Fortunately, there are still great alternatives to not lose the crackling effect.

Fireplace models – a question of taste & functionality

There are many different fireplace models, but when choosing a fireplace, you should not limit yourself to the visual aspect and also consider the different functions of a fireplace. Which fireplace model best suits your property therefore depends on many different factors and your requirements.

Glass fireplace – cosiness factor and campfire atmosphere

Of course, the rule with fireplaces is ‘the more you see of the fire, the higher the cosiness factor’. Therefore, a glass fireplace is a great alternative to a fireplace without a door, as it has almost the same effect. A glass fireplace looks most cosy with three open sides, as this way the fire can not only be seen from every side, but also the cosy light spreads everywhere. Such a glass fireplace is made of special glass in the form of glass ceramic. This gives the same effect as a campfire. There are such fireplaces even without a visible handle on the glass window, which makes the whole thing even cozier. For this, however, the fireplace must be installed in a recessed position.

Hanging fireplace – individual and danger reducing

A hanging fireplace is also an alternative that should not be underestimated. This model originally comes from Scandinavia and offers a great variety, as it is not bound to one corner in the room. The fireplace can be mounted anywhere in the room on a wall and thus also heat all around. In addition, the risk of burns to children and animals is greatly minimized as the fireplace is not hanging within their reach. Firing, stoking and cleaning is also easier with this model, as you don’t have to bend down to the floor, but can work at eye level – you’ll even be spared the backache.

The Danish fireplace – the classic with personalization

The Danish fireplace is the last model that has already established itself as a classic in just a few years. It is the continuation of the ordinary stove and is now available in many variants. It has been equipped with a larger viewing window, which creates more cosiness. It also has a new modern technology, a combustion chamber that increases the efficiency and self-closing doors. A big advantage of this stove is that it is not permanently installed, so it can even be moved. Danish fireplaces are now available for turning, with an additional heating plate, but also some that can be heated with pellets, gas, brown coal or hard coal. An all-rounder that is suitable for every house and can be individually adapted to the needs.

Fireplaces as heating systems – stoves, tiled stoves and gas fireplaces

Of course, you don’t just want to use your fireplace to warm your soul and your living room. A fireplace can be used in many other ways. This includes, among other things, heating the whole house and not just one room. Of course, this includes special pipes, pipes – and energy supply systems.

Pellet stove as a heating system – energy efficient and environmentally conscious

The first way to use your fireplace as a heating system is the pellet stove, in which you heat not with wood but with pellets. Such a fireplace is particularly suitable for energy-saving houses. It is heated with wood pellets which are made from wood waste such as sawdust. They have a much higher efficiency, because they burn longer than the same amount of wood. To heat the whole house with such a fireplace, it must be connected to the hot water supply. The advantage is quite clear that a fireplace with a heating function not only protects the environment, but also the household budget. Unfortunately, the installation of such a fireplace is very costly, which is why the appearance is often neglected and there is only a small window. The coziness falls by the wayside, but it is always nice and warm everywhere and without a guilty conscience. Complementary to such a heating system is a solar system on the roof, which can heat the water in the summer. For such a system, a hot water tank with a minimum capacity of 1000 liters is needed, but it fits well in the basement.

Gas fireplace as a heating system – modern and uncomplicated

But also with a gas fireplace it is possible to heat the whole house and this even offers some advantages. For one thing, the cozy factor is not lost, because the flame can flicker peacefully behind a glass door and delight her heart. Behind the façade, however, there is a sophisticated system of ventilation heating that can be used throughout the entire house. This fireplace is operated with natural gas as well as with propane gas, which may be installed in a liquid cartridge with up to 11 kilograms. According to the manufacturer, this lasts up to 25 hours and provides heat. Another advantage not to be sneezed at, however, is that the fireplace and the air remain clean. There is no soot, the fireplace rarely needs to be cleaned and there is virtually no fine dust. And despite all this, not even the efficiency suffers, because it is at a respectable 70 percent. An alternative that you should definitely think about.

https://www.instagram.com/p/Bfyops-FvtU/?tagged=gasfireplace

The tiled stove as a heating system

Probably the oldest model among the stoves is the tiled stove. However, its history proves its effectiveness, because it can heat up for between 12 and 24 hours and thus provide cosy warmth. Wood, pellets or even coal are burned here. In the meantime, even windows can be found in the tiled stoves, as the feel-good feeling has simply become too important and consumers can no longer do without it. The efficiency can also be seen, because a tiled stove burns its fuel completely. In addition, tiled stoves have the reputation of being particularly comfortable, as the radiant heat is even and the air layers are not confused by it. So the tiled stove should also be considered if you are looking for a fireplace with heating function for the whole house.

Outdoor fireplace

Firewood: Do-it-yourself, chopping & stacking

Firewood & Fireplace Wood Storage – Larger quantities of firewood, are often stored on properties. The garden or a barn are often used for storage. Larger quantities of firewood, once stored on a property, must be stored in a fire protected location. This measure is regularly inspected by a chimney sweep. In this article you will find tips and videos on storing, DIY, stacking and chopping firewood for your fireplace:

• Tip: Firewood + Storage

Build your own fireplace?! Video tutorial: Installation

So you can also build and connect your fireplace yourself.

Heating guide: types, prices & comparison

Heating & Types – The topic of heating is not only interesting for builders, but also for property owners. After all, heaters are not only necessary in a property, they are also required by law. Which types of heating are there, how do they have to be maintained and are there legal subsidies for the construction of certain types of heating or do the costs have to be paid completely by the owner? Especially when building a house or renovating and modernising, the heating system plays a decisive role, because a large part of the later running costs depend on it, for you or for your tenants.

When deciding on a heating system, a number of things need to be considered, as there are major differences. Depending on the property, it must be decided individually which system is best suited to efficiently heat the entire property. The systems differ not only in environmental friendliness, but also in efficiency and price. Solar, oil, gas, heat pump, pellets:

• Heating: Comparison & Costs

Construction loan or real estate loan?

Choose the loan for home financing based on your financing project – The financing methods are similar, but still have some important differences for your financing project. With a classic construction loan, you can finance a new construction project cheaply.

You should bear in mind that the loan is not paid out in one sum, but in tranches per construction phase. For the house purchase of an existing property, a construction loan is therefore unsuitable, so you need another form of home financing.

Choose the loan for home financing based on your financing plan

Frequent questions in counselling interviews are in particular:

• How do I get a home loan?
• How much equity should I put into my home financing?
• What do I need to consider when financing a home?
• What support is available for home financing?

Annuity loans, forward loans or combined financing

You have the option of financing your property via an annuity loan, a forward loan or a combined financing including a particularly low-interest KfW loan. The decisive factor is whether you are a first-time or follow-up financier, when the purchase of a house is on your agenda and whether you want a full repayment loan or a property financing with equity. There is no one-size-fits-all home financing solution for every potential homeowner.

Therefore, we recommend that you contact experts with your request and discuss the topic of home financing based on your ideas, wishes and possibilities. Based on your financing plan, they will create an offer for you, with which you can finance cheaply and with a home loan that suits you.

Tip. All real estate loans at a glance & comparison

Would you like to fulfil your dream of owning your own home, a condominium, a building plot or a commercial property? Then the right choice of real estate loan determines how high the interest burden and thus the total cost of your real estate loan will be. Even when choosing a real estate loan, you as a potential buyer are faced with many questions and considerations, such as whether you should choose a classic annuity financing or opt for another form of financing. Follow-up financing is also possible in various ways. Ultimately, you are faced with the question of whether you are better off with a long and fixed debit interest rate or with a flexible real estate loan.

• Real estate loans

New construction or existing properties

If you are buying a new building, you are well advised to take out a fixed home loan with no additional scope for modernisation or energy-efficient refurbishment. Based on the value of the newly built property, you can take out an annuity loan secured by a land charge. With a fixed monthly instalment, you are well advised with this solid home financing and benefit from the fact that there is no change during the period of the fixed borrowing rate.

If you would like to finance more flexibly and not be tied to a long-term interest rate when buying a house, there are other house financing options. The attractiveness of an offer is determined by the match of the financing to your ideas and your personal wishes regarding the repayment and fixed interest rate.

Real estate agent & your advantages through experts

Real estate agents with many years of experience offer you the advantage of financing your new construction or existing property purchase project in the best possible way and opting for a worry-free and cost-secure term.

If your heart beats for a charming existing property and the need for modernisation is prevalent, they will be happy to advise you on home financing with a connected modernisation loan. Hardly any other type of loan offers as much scope as real estate financing. If you want to fulfil your dream of a house and need help in the jungle of financing options, you are on the right track with good brokers. They will help you find the right financing method and benefit from an offer that underpins your decision to buy a house with the advantage of tailor-made home financing.

Home financing: How much equity is advisable?

We recommend that you include existing equity in your home financing. With an equity ratio of between 20 and 30 percent, you can secure some interest rate advantages.

Equity ratio between 20 and 30 percent

Your equity lowers the net loan amount and the term, making you “debt free” much faster with your own capital investment. With a good credit rating and other collateral, it is possible to fully finance a house without any equity at all.

We will be happy to find out whether home financing without your own financial commitment is suitable for you as part of an initial consultation. You can obtain an initial overview of the conditions under which we can support your project with home financing by requesting a quote for real estate financing.

Equity means a better return

If you have equity, you should not push for full repayment in favor of a better interest rate and pay longer and more that way. It is understandable and a wish of many of our customers to hold back a small amount of equity for unforeseen repairs or purchases.

Acquire existing property & modernisation

If you are purchasing an existing property and are planning a modernisation or want to ensure greater energy efficiency, you can ask us directly about home financing with scope for the desired craftsmen’s services. We know from experience that such a combined home financing is more favourable for you than a real estate loan, which you apply for without equity at a much higher interest rate.

Calculator: rate, repayment rate, residual debt

What will your planned construction financing cost you? But much more important in everyday life, how high will your monthly burden be and what happens if the repayment rate changes later? How high will the remaining debt be at the end of the fixed interest rate? Many questions, this rate calculator gives you all the important answers to rate, repayment rate and residual debt.

• Rate calculator