The Advantages of New Build Homes at a Glance

The biggest advantage of a new build home is certainly that you can do without a long construction phase. Rather, the components already new build by the manufacturer are delivered to your property and expertly assembled on site. This means that a new build home is ready to move in within a few weeks and is handed over to you ready for occupancy, including interior fittings and floor coverings. new build homes are priced below the costs of solid houses, which means that you can save money and fulfill your dream of owning your own home in a short time despite the additional purchase of land.

However, in very few cases it is possible to buy a house without any financing, so that you have to consult with the bank and work out a financing plan for the new build home. If you buy an existing property, you are limited in the possibilities of expansion and can provide the desired atmosphere by modernization, but not by an independent expansion. With a new build home, you can save additional money if you take care of individual trades yourself and can, for example, help with the interior work or with the facade design. If you are talented in craftsmanship and have time for your new build home, you can noticeably reduce the purchase price and thus the amount of financing. The construction of new build homes is coordinated directly through the manufacturing company, so that you, as a builder-owner, do not need to commission your own structural engineer or architect to check the quality of materials and construction.

The Approach

Regulate all contract details relevant to you before construction begins, as this will give you the greatest possible planning security and, for example, you will know before construction begins when you can move into your new property. Modern new build homes meet the requirements of the KfW for Energiesparhaus. This means that by deciding to build a new build home, you also secure financing advantages through favorable KfW loans for energy-saving houses.

• Short construction phase
• Ready for occupancy
• Low costs

Real Estate as Capital Investment: Special

1. Part: Classical or exotic investment – Which real estate is suitable as capital investment?
2. Part: Real estate as capital investment – What do I have to pay attention to?

Advantages and Disadvantages of New Build Homes

What you should consider when planning – a new build home offers many advantages. For one thing, it is built by only one manufacturer and handed over to the client as a turnkey project. This means that you have much less effort to deal with a wide variety of craftsmen and instead have one contact person to turn to. A new build home also has a much shorter construction time compared to a normal house, which is a saving in construction costs for you. Your dream property can be ready after a few days and you can quickly start your new life in your own four walls. In addition, your house is more predictable, because it was built in a factory and not on the property in all weathers. The use of machines and the accurate work saves you money and reduces the risk of something going wrong.

Advantages when Building a New Build Home

• Shorter construction time than with traditionally built houses
• Less risk of something going wrong
• Entire house from one supplier
• Own output possible
• Climate-friendly building materials and low energy consumption
• Economical construction method

What are the Disadvantages of a New Build Home?

Of course, a new build home also has disadvantages. First of all, it is considered to be much more clairaudient than a house made of concrete and stone. In order to avoid this, they pay attention to a careful footfall sound insulation when laying their floors. Have a close look around the show house and check your hearing directly on site. You must also pay attention to what you want to hang in the wall in your new new build home. Wall cabinets, for example, require special dowels and very heavy parts may have to be anchored directly in the construction elements.

A new build home can generally do without disadvantages. It is important that you choose a reputable supplier and opt for an offer with a long guarantee and building security. In the past, the massive house was considered the only durable and therefore really advantageous choice. But modern new build homes are free of disadvantages, especially in the own use.

The life span of a new build building does not differ clearly from other houses, which need a core renovation after 100 years and thus does not last longer than a new build home without appropriate maintenance measures. Only in terms of increased value do new build home owners have a disadvantage. Massive structures are valued higher in market value than a new build home, so that financial losses can occur in the planned resale. If you build a new build home for your family and do not plan to sell it as your primary goal, you can rely on the advantages and do not have to expect disadvantages.

By the timber construction method and the versatile use of gypsum plasterboard a new build home is hellhöriger. Therefore it is suitable for families and couples, but should not necessarily be the first choice as a multi-generation house. You have to take care of the air humidity yourself, since wooden walls are known to provide dry air. However, this also has an advantage: a new build home is practically free of mold and excludes a high risk to health.

Disadvantages of Building a New Build Home

• Lighter walls and floors than in a solid house
• Heavy furniture fixing in the walls
• Loss of value on resale
• Light hearing

The Most Frequently Asked Questions about New Build Homes:

These are the most frequently asked questions about new build homes. In our article, we will answer exactly these questions so that you can learn everything you need to know about the new build home.

• How much does a prefab house cost?
• What is meant by new build home?
• How long does it take to build a new build home?

Financing of New Build Homes: How does the Bank deal With a New Build Home ?

With each building of houses and house buying the financing is located to favorable conditions in the focus. Banks finance the new build home building problem-free and do not make in this connection another mortgage or land charge calculation than with the massif building. If you decide for a new build home, you enjoy usually even some advantages and can settle a part of the financing over the KfW. The reason for this is the energy efficiency of new build homes, which are offered including insulation and in the function of an energy-saving house.

Optics & Financing

Also purely optically a new build home does not differ at first sight from a massive house. It becomes even more interesting when you combine your desire for a quickly completed house with the solid construction method and decide in favor of a solid new build home. For some years now, potential builders have been able to take advantage of these offers and at the same time opt for a solid house, as if it were a new build home, without having to wait a long time until moving in. Since new build homes are usually cheaper than massive houses, the liability with the bank is reduced and the credit becomes “smaller”. For this reason, new build homes are usually financed more easily than old buildings, which have to be purchased and then completely renovated. The new build home invites you to move in immediately after its completion, without “freezing out” a winter and only being able to continue building in spring. Also this point saves costs, because you do not have to pay unnecessary long additional costs for rent besides the financing repayment.

Since the new build home is a new building, the bank takes the regular object value into account in the financing and does not make any deductions. This circumstance is of particular advantage for buyers who want full financing or who finance with less than 20 percent equity. The financing is calculable and the bank accepts the new build home as security. Especially for owner-occupiers, this construction method pays off and is a way to get into their own four walls quickly and inexpensively.

Turnkey and yet Freely Plannable – the New Build Home

A fundamental question for all building owners is based on financial planning. Who builds substantial, must count by longer building stops with rain or by failing trades and a reorientation on a craftsman on unmanageable extra costs. With the new build home such surprises remain outside, since the building planning and realization take place from a hand.

Nevertheless, one should not speak of an all-round carefree package, since unforeseeable events can always occur. If you choose the manufacturer of your new build home with care, you exclude eventualities and can rely on the fact that all work, even official procedures, will be taken care of. Despite new build components delivered to your property, a new build home is not a static decision. You can give free rein to your creativity in room planning, floor and wall design as well as facade design already in the planning phase. In the case of a new build home, it becomes an advantage if you can carry out some tasks yourself and thus reduce costs. Depending on the expertise of the craftsman, the personal contribution and thus the savings can be considerable. In principle, a new build home is not very individual. If you become creative, you still have some possibilities to realize your own ideas and to design the house according to your requirements.

Construction Times, Prices and Manufacturer

You have weighed up the pros and cons, compared prices and construction times and come to the conclusion that a new build home is exactly the right decision? Lukinski – your house sale not only advises you on your options, but also offers you a convincing proposal of conditions for financing.

Since we as real estate agents have many years of experience with new build homes and their manufacturers, we are happy to take care of your project from the first thought and are your contact person if you want to build a new build home. Our tip for buyers: Not only a new, but also a used new build home is a good and cost-saving solution.

A new build home should definitely be considered as an alternative to conventional house construction. But what exactly is a new build home? How is it built, what are the differences to a normal house and can a new build home really compete with a conventional house both visually and practically?

After the individual parts of the house have been manufactured in the factory and the basic scaffolding has been assembled, it usually takes only a few weeks until the builder can move into the house. A new build home is in this sense a house that is not made of brick and concrete, but is built with the wooden panel construction method. Many questions arise at first but in particular it remains to be clarified whether a new build home can really keep up with one made of concrete and walls.

Step by Step – How to Build a New Build Home

If a builder decides now for the method ‘new build home’, first the attendance with the show house exhibition lines up. This allows him to assess which house he likes and how it relates to the property situation. If he has decided, a discussion with the sales consultant and usually the architect is on to specify the wishes. If everything is now completed, it can already start and the following steps are carried out.

The Most Frequently Asked Questions about New Build Homes:

These are the most frequently asked questions about new build homes. In our article, we will answer exactly these questions so that you can learn everything you need to know about the new build home.

• How much does a prefab house cost?
• What is meant by new build home?
• How long does it take to build a new build home?

The Production in the Factory

Only after receiving the building permit, the house will be built as discussed in advance. Here the individual equipment and the change desires are dealt with. The manufacturing in the factory brings thereby many advantages with itself, because instead of developing with wind and weather directly on the building site, with new build homes the individual parts such as walls, covers or roof parts can be manufactured directly in the workshop and under optimal conditions. The quality is therefore much better and the working time is reduced.

The houses are built with professional CAD software, which means that individual parts can be produced by computer-controlled machines. All these steps save a lot of time in the production process and since time is money, the builder-owner saves enormously on costs.

The individual parts are put together in the hall from beams and panels with millimeter precision, whereby directly the insulation, windows, blinds but also sockets and cables are received and plastered. All these steps and the most precise work thanks to machine application, allows for quick assembly on the construction site. Once the elements are finished, they are loaded onto the truck in the correct order of assembly and unloaded back at the construction site accordingly.

The Assembly on Site

The basis for the individual parts is a solid base plate, which is used on the property. A basement is also possible, which is also built by new build construction. The new build parts are mounted on the floor slab, which now takes only a few minutes thanks to millimetre-precise work during production. Due to the base plaster, which the walls have already received in the factory, they can be plastered, painted or wallpapered on site after a short filling of the joints. Depending on the size of the first floor, after the walls are set, the ceiling can follow. The other walls are then erected on top of this, as on the first floor. The beams of the roof truss follow and then the roof. A new build home is complete from the outside after the first 2-4 days.

The Interior Work and the Handover of the House

The probably largest advantage with new build homes is that during the building process moisture cannot penetrate the house substance for weeks. As soon as the exterior scaffolding made of the new build parts is in place, the interior work can be started immediately. Now there are only a few differences between a new build home and a traditionally built house. Different craftsmen lay the floors, tiles, paint, install the kitchen and bathroom. Here, too, the exact customization in advance saves a lot of time. Once everything is assembled, nothing stands in the way of the keys being handed over and the builder moving in, and this only a few months after the order is placed.

Diversity and Individuality – a New Build Home Can be so Special

New build homes are on the advance and are at the forefront not only in terms of energy efficiency but also design. The new build homes can be obtained with any exterior facade you want. Whether it should be a modern city house or rather a country house style. There are no more limits to the design but also in terms of energy efficiency the houses are catching up enormously. Whether solar system on the roof, triple glazed windows, special insulation or fireplaces that heat the house. No wish remains unfulfilled here and the green heart also enjoys the particularly environmentally friendly houses. At the same time the wallet is spared and the dream of owning your own house is more than fulfilled.

Der Beitrag New Build Home: Prices, Finances, Advantages + Disadvantages erschien zuerst auf ℄ Real Estates.

Selling Property in New Development Areas

Extremely relevant factors for the sale of apartments in new construction are the equipment of the apartment itself, but also the equipment and technology in the communal areas and in the house itself. The market value assessment of apartments is generally more complex than for owner-occupied homes, which is why you should definitely aim for a professional value assessment for planned sales in new construction.

Influence of Location and Structure

In many cities, new development areas are emerging in the form of fully developed neighborhoods on the outskirts and in up-and-coming neighborhoods. For potential buyers, the location is as relevant as the structure of the area in which the apartment is offered. You have just planned a new development area and are looking for owners who are interested in your project as investors or want to buy the newly built apartment for their own use? It is common practice for developers to offer apartments in new development areas not only after completion. Since the equipment and all environmental factors of the new development areas are already determined in the planning phase, you can already at this point in time hire an experienced real estate agent who is familiar with new development areas and have the offer presented.

Real Estate as Capital Investment: Special

• Part 1: Classical or exotic investment – Which real estate is suitable as capital investment?
• Part 2: Real estate as capital investment – What do I have to pay attention to?

In practice, it has been shown that new development areas designed with green spaces and a good infrastructure are highly attractive and ensure that all apartments are sold quickly. The offer price is determined on the basis of your construction and planning costs, the data relevant to the property and the comparison prices of similarly located and designed new development areas. Would you like to sell your apartment in a new development area and avoid losses when selling it? If so, you should opt for a professional sale and hire real estate agents who are well versed in new construction and who offer you comprehensive service in all phases of the sale.

Apartments or Houses for Capital Investors

With apartments in new buildings you address two different target groups. On the one hand, a newly built apartment is a good and high-yield capital investment and on the other hand, more and more families are looking for an apartment for sale in a newly developed residential area. In addition to condominiums, new construction areas with owner-occupied homes or terraced and semi-detached houses are also interesting and popular. If you would like to offer a property or an apartment in a newly developed area, you should definitely hire an estate agent and in this way ensure the greatest interest in your offer. The exposé for investors requires a different structure and density of information than the presentation of the apartment to be sold to owner-occupiers. You want to achieve the best price and gain the certainty that your offer will sell immediately in the new development area.

With Lukinski, you decide, in addition to professional brokerage, for a full service support, which includes the examination of the solvency of buyers and prevents unrealizable sales contracts. The completeness of all documents and an exposé geared to the target group are sales-promoting. Especially if you want to address professional buyers in the form of capital investors, your sales appearance should be characterized by professionalism and expertise.

New not More Expensive than Old: The Facts

Many prospective buyers assume that the costs of apartments and houses in new construction areas are much higher than in old buildings. Certainly, the asking price is usually higher than the amount you have to pay for an existing property or a condominium in a second occupation. But the purchase price is only one cost factor and therefore not the only factor when it comes to deciding between an old building and a new building.

In the new building area you acquire a modern apartment in which no costs are incurred for renovation. Newly built areas are state-of-the-art and offer a high quality of living. For you as a potential owner, this means that with the purchase you acquire an apartment ready for occupancy and therefore only invest the purchase price and the costs for interior design work. For existing properties and apartments in old buildings, extensive modernization measures may be necessary and increase your costs to the actual purchase price. It is therefore always worthwhile to weigh up concretely and calculate the purchase on the basis of the market value assessment and the necessary renovation measures. In the end, your decision to move to a new development area or an older property will of course also be based on your own preferences and the idea of your new home or a profitable capital investment.

Move to a New Development?

Tips for potential condominium buyers – Anyone who wants to buy an apartment or house and move in immediately, without renovation and modernization, will generally focus on a new development area. Are you looking for a new building and want to save yourself a lot of time with your own research? At Lukinski, we not only look after owners, but are also happy to support you in your search for a new apartment or house. Tell us your explicit wishes and have a look around our portfolio where we might already have an offer for you. If you decide to buy an apartment in a new development area that is only just being planned, you have a lot of leeway for organizing the financing.

We will be happy to advise you and help you find a favorable real estate loan for your apartment and complete the purchase without complications. Since we at Lukinski work for various owners and developers, we have some attractive new development areas in our portfolio. Furthermore, we already know before construction where new development areas will be built and which target group the apartments should reach.

Der Beitrag Investing in Development Areas: Buying, selling, capital investment?! Costs, Procedure and Help erschien zuerst auf ℄ Real Estates.

Decisions before your Purchase

If you would like to buy an apartment, you have the choice of different objects. You can invest in an expensive apartment in an advantageous downtown location to rent it on the free housing market or to move in yourself and live in an attractive and popular residential area. Alternatively, you can opt for an apartment that is located on the outskirts of a city or in the countryside. There are also multi-family houses there, where the apartments are sometimes offered at very reasonable prices. If you are looking for a form of housing that is cheap in terms of monthly costs and if you cannot invest a high purchase price, this option is a very good choice for you.

Purchase Apartments Before Completion

As an alternative to buying an apartment that is already ready for occupancy or rented, you can purchase apartments before the house is built for the purpose of rental or for your own use. When the construction project becomes known, contact the developer to reserve the property of your choice. This is possible if the apartments are to be sold individually to different owners after completion of the construction project. Other construction projects are commissioned by a developer. In most cases, the purpose of the developer is to rent out the apartments himself. It will not be possible to buy the apartments individually.

Rental or Personal Use

Having acquired an apartment, you are free to do with it what you will. This may be renting it out, or using it as a residence. Of course, renting is a smart investment, given that it gives you the chance to pay off your mortgage from the rent you receive from tenants. There is of course also the downside of the time it takes to invest in the property. This may be a time investment beforehand, such as in the form of renovation, or in repairs, given that you do not have a property manager.

Real Estate as Capital Investment: Special

1. Part: Classical or exotic investment – Which real estate is suitable as capital investment?
2. Part: Real estate as capital investment – What do I have to pay attention to?

Purchase of an Apartment in Need of Renovation

The purchase of apartment buildings which are in need of renovation is becoming increasingly popular. There are advantages and disadvantages associated with the renovation of apartments, which you should know before you make the purchase. The disadvantage is that you cannot use the apartment immediately after the purchase. You have to make further investments.

Investment Despite Need for Renovation

The advantages outweigh this disadvantage, however, so that many investors consciously decide to buy an apartment in need of renovation. You have the opportunity to design the apartment as you imagine it in the course of a renovation.

You can integrate new windows and doors and change the room layout. The laying of pipes and electrical lines is much easier when an apartment is renovated. If you already live in the apartment, it is more complicated and costly to adapt the structure of the electrical system or piping to your ideas.

Design the ceilings, walls and floors exactly the way you want them. An object in need of renovation is usually available at a reasonable price.

However, please make sure that there are no conditions imposed by the monument protection authorities for this object. Otherwise, it is important that you consider whether you are prepared to meet these conditions before you buy. Often the editions are connected with a medium or high financial expenditure. You will have to pay this in addition to the purchase price of the apartment and the costs of the renovation.

Purchase of Modern Apartments Without the Need for Renovation

Very popular on the market are apartments that have no need for renovation and are equipped with modern facilities. You buy such an apartment for a higher purchase price. The apartments are ready for immediate occupancy. They have a positive energetic balance and can also be retrofitted to a certain extent according to the individual ideas of the new owner.

Old Building or Apartment in a Modern New Building

Before buying, consider whether you would prefer a old building flat or an apartment in a new building. Both types of living differ from each other. Old buildings are characterized by high rooms and large windows. The rooms are very spacious. Many buyers find this an advantage. However, you should also consider the heating costs for these apartments. These are much higher than in modern apartments, where the room height is usually lower, due to the room height and the resulting larger volume.

In modern apartments the rooms are often smaller. Apartments in an old building also have a special charm, which many potential buyers love very much. It is a very individual decision and also a decision of individual taste whether they prefer an old building apartment or an apartment in a newer building. If you decide on an old building, it is important that the building has already undergone an energetic renovation. This measure can reduce heating costs quite significantly.

Purchase of a Rented Apartment

With the decision to buy a rented apartment, you take over the rental contract in its current form. You do not have the right to make changes to this contract. Rent increases are only permitted within the framework of the legal regulations.

If you are planning a renovation of the apartment, you are obliged to agree this with the landlord. You may not demand that the tenant leave the apartment for the period of the renovation. However, you have the option of providing the tenant with a replacement apartment. You will have to pay for the costs.

Furthermore, it is important to know that you can only terminate the rental agreement if you register your own needs or if the tenant persistently breaches obligations under the rental agreement. This includes repeated non-payment of rent, but also taking in another resident without you having been informed.

Cancellation of Own Use

If the landlord behaves in such a way, as it is given in the lease, only the own need notice remains to you. You can only give this notice if you really intend to live in the apartment yourself. Sometimes you even have to prove this. Before buying a rented out apartment, you should be sure that you do not want to live in the apartment yourself or that your claim for personal use will be upheld by a court. Every tenant has the right not to accept a notice of termination for own use at first and to demand a review by a court. In this case your move into the apartment would be delayed. Of course you have the possibility to contact the tenant before the planned sale. Inform him/her about the planned personal use so that he/she can prepare for it. In many cases the tenants are willing to move out and you can settle the matter amicably.

Demand for Living space

The size of average apartments in Germany is between 30 and 150 m². The apartments have one to five rooms. They are equipped with a private bathroom and a kitchen. If you buy an apartment on the current housing market, you will hardly get offers without your own bathroom. Even a coal heating system is only available very sporadically. The preferred types of heating for apartments in apartment buildings are gas, district heating or heating oil.

Before you decide to buy an apartment, it is important that you determine your real housing needs. In doing so, you should not only start from the current situation. Try to imagine how you want to live in a few years. Most buyers who buy their own home make an investment for life. And so you should know if they want to enlarge their family in the future, if they need a study after finishing a professional training or if they want to set up a guest room for friends or family members.

Unlike the purchase of a single-family home, buying your own apartment offers you only limited possibilities for expanding your living space. You can only share very large rooms. An extension, as it is possible in many single-family homes with a large garden, cannot be realized in an apartment. For this reason, it is recommended that you choose a property that offers one or two rooms more than you currently need. If the purchase price is right, you will also be very well prepared for future life situations after buying the apartment.

On average, apartments in Germany have two to four rooms. The three-room apartment is particularly popular. It is considered an ideal form of living for singles, for single people with children and for couples who do not have children. The average size of the three-room apartment is about 80 m².
Apartments with one room are rather unsuitable for purchase, as they offer only limited possibilities for individual development. Very large apartments with more than five rooms are rare and are often only offered in larger cities. They are located in old city villas and are often very expensive.

Community of Owners

As the owner of an apartment in an apartment building, you become part of a community of owners. The community of owners makes decisions regarding matters that affect all owners. These include the design of the facade, the renovation of the roof, but also the installation of a TV system and the design of the garden.

The majority of the owners’ association has a quorum. This means that you may have to accept decisions that you would have made differently yourself.

As an owner in a multi-family house, you build up reserves for possible renovations. You also participate in the insurance that has to be paid for the building. Property tax is also paid proportionately. These reserves are paid into an account on a monthly basis and are similar to the service charge payments that a tenant has to make. As the owner of the apartment, you are obliged to pay these benefits.

Conclusion: Buying an Apartment

Buying your own apartment is considered very lucrative, especially in larger cities. If you are interested in buying an apartment, Lukinski can be your partner for the purchase. We have specialized in this region and offer you not only a professional purchase transaction, but also a very good knowledge of the market. Get in touch with us by phone to clarify any questions that may arise. We would be happy to arrange a personal appointment with you and present various properties to you.

Der Beitrag Buy an Apartment: Costs, Real Estate Agents and Renting – Ownership Instead of Rent erschien zuerst auf ℄ Real Estates.