Laundry room | Lukinski

Provider comparison Germany: House, apartment, loan & follow-up financing

L_kinski — Wed, 08 Feb 2023 08:07:49 +0000

Provider comparison – Saving teaches you how to get rich! Here you will not only find all the important know-how about your real estate investment (such as the investment atlas), you will also find the best providers! Building society savings, real estate loans, forward loans, but also call money and fixed-term deposits for those who want to play it safe. I also recommend taking a look at new technologies, such as roboadvisors (automated, active wealth management). Now in the Lukinski Check.

Lukinski Check

In my comparison portal you will find the most important topics and good providers. For your construction financing, follow-up financing and much more! Secure good conditions with my Provider Check 2023:

Comparison

Financing: a comparison of providers

The A&O in real estate investment: Affordable financing!

Building society savings contract – build up equity
Construction financing – Favorable interest rates
Follow-up financing / forward loan
Installment loan – For small renovations & co.
Rental deposit – The first rental apartment

Investment: comparison of providers

Building up equity means saving and investing money. Here are my tips:

Current account – Safekeeping money
Depot – Invest money
Call money – putting money aside for the short term
Fixed-term deposits – putting money aside for the long term
Roboadvisor – investing money (automated)

Ownership: insurance and sale

Finally, 2 practical comparisons for real estate owners:

Saving teaches you how to get rich!

What does that mean? Simply put, every euro you save in interest, for example, can be directly reinvested by you as a smart investor. Each euro corresponds to ~ 20% equity for the first, second real estate purchase. So with a loan, 1 euro becomes 6 euros that you can invest. Saving 100 euros in interest = 600 euros more equity, 1,000 euros = 6,000 euros more equity, etc.

Example:

100,000 euro loan at 2% interest
1st year = 2,000 euros interest costs
2nd year = 1,960 euros interest costs
…
39,130.36 Euro interest costs !!!

Insight:

It pays to compare offers / providers
Interest is cost factor #1 after the purchase price of the property

Tip! Use the repayment plan calculator (below) to check for yourself how much interest you will be charged each year with only 2% interest costs.

Repayment plan example: 2% for a term of 35 years

Here is an example of financing at 2% over a term of 35 years.

You can find more calculators at immoguru.one

Building savings calculator: German providers in comparison – Free check

L_kinski — Thu, 24 Nov 2022 13:20:50 +0000

Building savings calculator

Building savings contracts in comparison More on Real Estate Germany.

Jetzt vergleichen

Building savings contract explained

A building savings contract is a combination of savings plan and real estate loan. For many people, it offers a great opportunity to invest their money at low interest rates. Compare your home savings offers here!

Guidebook Content:

Calculator & comparison: building society contract
What is a building savings contract?
How a building savings contract works

The most important facts about the building savings contract

The building savings contract combines savings plan and real estate loan
Consists of savings and redemption phase
Interest rates are usually somewhat lower than market mortgage rates
Building savings contracts are offered by many banks
Each building society has its own building savings tariffs
Building savings contracts entail acquisition and administration costs

Building savings calculator

What is a building savings contract?

A building savings contract combines two contracts: A savings plan and a real estate loan. It is divided into two phases, the savings phase and the repayment phase. In the savings phase, the interest rate charged for the building savings contract is usually somewhat lower than the market mortgage rate. In addition, there are acquisition and administration costs for each building savings contract.

How a building savings contract works

When a building savings contract is concluded, a building sum is first specified that the saver wishes to invest in a property. The customer now saves a building sum that usually corresponds to 30% to 50% of the fixed building sum. The other percentages are paid out by the building society as a loan. When enough money has been saved, the building savings contract is ready for allocation after a certain period of time.

The savings phase is followed by repayment, which also takes several years. Here you should note that the higher the repayment rate, the lower the interest.

Jetzt vergleichen

Building savings contract useful? Definition, comparison and calculator

Laura — Sat, 04 Apr 2020 22:01:11 +0000

Building savings contract – In the past, the building savings contract was considered the classic savings investment for anyone who wanted to fulfill the dream of owning their own home. A few years ago, there were higher interest rates for building savings, which made the offer more interesting for potential owners and the savings higher. But even today, despite lower interest rates, the building savings contract has not lost its appeal and forms a stable foundation if you want to build a house, finance a condominium or purchase an existing property. Our guide: property buying.

Building savings briefly described

Building savings are counted as equity capital and thus reduce the amount of money that you should integrate into a real estate financing without building savings. If you are building savings, you only need to worry about the ancillary purchase costs in the equity capital, while the other share of the equity capital is offset against the building savings sum.

Building savings contract as equity: real estate financing

Each building savings contract starts with a savings phase, which usually lasts between 7 and 8 years, depending on the building savings sum.

Conclusion of contract and building society sum

When concluding the contract, you determine the desired building savings amount and calculate the monthly expenses that you need to save the desired amount. There are interest rates on building savings contracts which, although not very high at present, are nevertheless a basis for your later real estate purchase. After the savings phase, a building savings contract contains 40 percent of the sum you have estimated for your real estate purchase.

Savings phase, then loan phase

In phase two, i.e. after the end of the savings phase, the loan phase of the building society contract begins. This amounts to 60 percent and gives you the opportunity to obtain favourable construction financing through the building society. A bauspar contract becomes ready for payment the moment it reaches the 40 percent mark and automatically enters the loan phase.

Have you already built in the meantime or do you not currently have a property in mind that you would like to finance? If so, when you move on to the loan phase, you have the option of having the amount you have saved plus interest paid out and using the money as you see fit. A building savings contract is worthwhile for young families, couples and singles who want to acquire residential property and purchase it at a later date.

How does building savings work?

In fact, there are so many questions about the home loan contract:

How long do I have to pay into a building savings contract?
How does it work with the building society contract?
Which building society savings amount makes sense?
Why is building savings useful?

Before you decide on a building savings contract, you should inform yourself in detail about the interest rates and contractual details. The offers for building savings contracts are versatile and vary in their contractual components from building society to building society. Therefore, it is worthwhile to make comparisons and find the offer that optimally suits you in its interest rate and the framework conditions.

Stay flexible during the contract term by choosing a building savings contract with variable payments or special payments, for example. If you want to increase or decrease the bauspar sum, this option should be available to you at no additional cost. Such variable bauspar contracts are not standard, but are still possible with some bausparkassen.

For whom is a building savings contract worthwhile?

A building savings contract offers you the advantage of being able to use the saved sum instead of equity capital and to create a basis for real estate financing.

Since you receive interest on your savings amount, you can increase the capital in contrast to a savings without interest and reach your goal of 40 percent much easier. Many home loan savers wonder why the savings amount is 40 percent when 20 to 30 percent equity is sufficient for construction financing. Keep in mind that there are additional purchase costs to be paid off in addition to the real estate price, which, depending on the region, amount to between 13 and 15 percent.

In the building savings contract, the ancillary costs are included at 15 percent and you are left with 25 percent equity capital, which you bring into the financing.

From building savings contract to own property

The path from the building savings contract to your low-interest financed property consists of four steps. First, before you conclude a building savings contract, you determine the building savings amount and pay the closing fee for your contract. Now the savings phase begins, for which you have to allow between 7 and 8 years, depending on the payment and the building society sum. Once you have reached 40 percent of the contractually agreed building society sum, your building society contract is ready for payment. This means that you will now receive an offer for a property loan from the building society.

Building savings offers from the experts

Of course, you can obtain other offers of conditions and compare whether the building society offers you the best conditions or whether it is more worthwhile to have the savings sum paid out and finance your real estate purchase in another way. Experts for building savings do not only recommend a building savings contract adapted to your needs, but also calculate your individual advantage when your building savings contract is ready for payment. Would you like advice, to compare your personal conditions and to find the best real estate financing?

Hire experts.

Laundry room

Laura — Sat, 14 Sep 2019 10:08:09 +0000

Laundry room – The laundry room is a room equipped for washing laundry, usually located in the basement. Nowadays, the term is used for rooms that are intended for the installation of washing machines and/or dryers. In apartment buildings, there are water and electricity connections for the washing machines, which record the consumption via the meters for the individual apartments. This allows each tenant to use a space belonging to their apartment for the washing machine. In the case of communal laundry cellars, it should be regulated who may use the cellar and when.

Laundry Basement Overview: The room for washing clothes in the basement of a house

A room in the cellar equipped for washing clothes
Usually intended for the installation of washing machines and/or dryers
For apartment buildings: own water and electricity connections in order to correctly bill the energy consumption of the individual tenants. How to save energy: energy saving tips.
Important: good ventilation of the cellar

Back to the wiki: Real Estate

Household tip: Washing dry in winter

Capital investment real estate: Building sensible? Building savings, interest and comparison – Videos

Laura — Tue, 10 Sep 2019 11:15:08 +0000

Real estate as an investment – step by step, from the basics to specific questions on the subject: building & building savings. Earn money with real estate! Here you will find tips from professionals. Good luck.

Building: Does it make sense at current interest rates?

Common questions include:

How long building savings?
What is the contract amount?
When can I split a building society contract?
What is the valuation number for a building savings contract?
Does new construction make sense as a capital investment?
When can I split a building society contract?
Can the building society contract be paid out in cash?
Is it possible to pre-finance a building savings contract?

Building savings contract: Does it make sense to invest in a property?

Building savings contract: Does it make sense to invest in a property? – from immocation

Youtube description: “Is it still possible to take out a building savings contract sensibly in 2018? Can I also use a building society loan for real estate financing of a property as an investment and does that make sense at all?
In today’s video we talk about the advantages and disadvantages of building savings. Building savings explained simply is in the first place. We show you the advantages of an advance loan compared to an annuity loan. Clearly, you can secure your interest over a long period until the end of your financing. Whether it is really worth it to take the long savings phase to secure the interest rate risk, we show you today. The topic of follow-up financing moves into the background, but what other options are there with a possible 30-year term to secure your interest and how worthwhile is it? Building savings is not worth it. Many are of this opinion. What do you think?”

Rating: 356 positive / 39 negative

Capital requirements and mortgage lending value

Basics of construction financing 1 – capital requirements and mortgage lending value of KlarPlus.

Youtube description: “What should I look for when buying and financing a house? What does mortgage lending value mean? How much equity do I need to bring?”

Rating: 397 positive / 18 negative

Construction financing – interest and rate

Basics of Construction Financing 2 – Interest and Rate by KlarPlus.

Youtube description: “What should I look for when buying a house? What is the rate based on? How is the interest rate determined? ”

Rating: 291 positive / 3 negative

Construction financing: Timing

Basics of Construction Financing 3 – Timeline of KlarPlus.

Youtube description: “What happens around the real estate purchase? What is the proper timing of each step?”

Rating: 332 positive / 8 negative

Construction financing – The 6 most expensive mistakes!

Construction financing – The 6 most expensive mistakes! – by Marco Reuss.

Youtube description: “Construction Financing Mistakes – Real estate financing can be very expensive and cost a lot of money or even in some cases jeopardize your entire home.”

Rating: 814 positive / 83 negative