An insight: Ibiza Insight! Villas

Ibiza is rougher than Mallorca and closer (flight time) than Marbella. Accordingly, Ibiza is one of the hotspots on the Balearic Islands and for those looking for a villa, there are several options. Directly at the airport around Eivissa, only 10 minutes away with the same “city location” in Santa Eulària des Riu or scattered and quiet on the island in Es Cubells or Cala Vadella.

Here’s a sneak peek at my Pinterest gallery.

The gallery on Pinterest:

• Luxury Villas Ibiza

A few of the most interesting locations:

Roca Llisa

One of the most exclusive areas in Ibiza and gated community:

Price-wise, as always, there are no limits.

Your view in Roca Llisa:

Santa Eulària des Riu

Villa in Santa Eulària at night:

View from the terrace during the day:

It Cubells

Cala Vadella

The bay of Cala Vadella:

More highlights: Villas on the Mediterranean Sea

More highlights from Mallorca and Marbella on Lukinski Pinterest.

Mallorca Insight! Villas

• Villas in Mallorca
• Buy a villa in Mallorca

Marbella Insight! Villas in Marbella

• Villas in Marbella
• Buy a villa in Marbella

Offers in different price categories

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.

If you have the intention to buy a farm, we are happy to assist you with our experience. Arrange a personal appointment with us, where we can discuss your individual ideas. We are happy to offer you various properties that are located in scenic regions and can be used in different ways.

Buy farm with need for renovation

Many farms are no longer in cultivation due to the changed structures in agriculture, but also due to the lack of offspring. Children and children’s children of the former owners move to the city and look for a new centre of life there. This is one of the reasons why many farms are for sale. With a farm complex, you are in many cases acquiring very large buildings that are already quite old and in need of a lot of renovation. The advantage of buying such a property is that you will be able to design it according to your personal preferences. In addition, you will acquire the farm at a particularly favourable price.

Special real estate with a small circle of interested parties

Because farms are traded as special properties that have a narrower range of buyers than single-family homes or condos, owners often accommodate buyers on price. If you can acquire a property particularly cheaply, you should not underestimate the need for renovation.

Mill, half-timbering, old factory and monument protection

Above all, it is important that they inform themselves about any existing requirements of the protection of historical monuments. This applies in particular to very old farms with historic buildings such as a mill or a small factory. The implementation of conditions imposed by the historic preservation office are often very costly. Even if you are willing to invest high costs for the renovation, it is important to know in advance. We offer you support. We will obtain the necessary information from the authorities on your behalf. In addition, it is advisable for you to commission an expert to provide an estimate of the expected construction costs. This will enable you to plan not only the purchase price but also the renovation costs very well and to know what the total investment will be when buying the farmhouse in need of renovation.

Farmhouses ready for occupancy as sought-after purchase object

In some regions that have a strong rural character, farms are offered that have already been renovated. The advantage is that you can move into the property promptly without much further investment and with little work. However, there are also disadvantages here that you should be aware of.

Need for renovation of the farm

If the renovation of the farm is already completed, you will usually have to pay a higher purchase price than if you decide to buy a renovation property. This is considered an advantage due to the low further investment costs. Sometimes, you will even pay less for a farm without the need for redevelopment than the total cost of the purchase and subsequent redevelopment would be. However, it does happen that the way in which a farmhouse has been refurbished does not meet your expectations. If you still like this property and decide to buy it, you will pay the high cost of the purchase and still have to put money into the renovation.

Caution: double investment

Consider in advance whether you are prepared to make such a double investment. In this case, too, we will be happy to provide you with expert advice. Inform us about your individual ideas and we will present you with properties that come close to these ideas. In many cases we will find a farm that suits you and meets all your expectations.

Where to buy? Location, location, location! Also for country houses

The location determines the price per square metre, but also the purchase price, land transfer tax and ancillary purchase costs. Since the choice of the farm is often relatively free, an analysis of the location is worthwhile in order to find the best yield regions / properties.

• Macro = Where in Germany?
• Meso = Where in the region?
• Micro = Where exactly is the property located?

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.

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

Real estate as an investment: Special

1. Part: Classic or exotic investment – Which property is suitable as an investment?
2. Part: Real estate as an investment – What do I have to watch out for?

Acquire building land, garden land and farmland

Topic: Buying land. Many farms are sold with larger lands. Here it is important that you know the difference between building land garden land and farmland. In addition, you should know how you may use the respective lands.

Differences in use and development

If you would like to erect further buildings, this is only possible if you acquire building land. Garden land and farmland differ in terms of their use. We will be happy to find out for you before you buy whether there are any conditions attached to the use of the land. Sometimes it is a landscape area that is intended for a certain use. In this case, you should only purchase the property if you plan to farm the land. If you are looking for a property for purely residential purposes, it is only possible to purchase the farm if the lands become your property and are not intended for a specific use.

Not far from Munich, the Alps and the Alpine foothills. Extremely popular, especially in terms of luxury real estate. Old farms are being renovated and extended, with wellness area, carport and much more. Modern life and country air.

Conclusion: Buy Farm

The purchase of a farm should be well thought out in advance, because it is not uncommon that further inventories are required. Cities and municipalities can also determine how the land may be used. Requirements of the protection of historical monuments are not at all uncommon. Lukinski offers professional advice if you want to buy a farm. Please feel free to make an appointment for a first personal meeting, where we can present you first objects.

• Buy a holiday home

Buying a weekend house: Renting as an option

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

Historic preservation at a glance

• Legal protection of a building
• Preservation of historical monuments obliges maintenance
• Monument protection authority controls maintenance
• Funding from KFW or the German Foundation for Monument Protection possible
• In English – “preservation order”

Back to the wiki: Real Estate

Resettlement of tenants in large construction projects

If extensive work is planned on both the façade and the interior, it is advisable to relocate the tenants in advance.

For a complete renovation, the departure of tenants is even mandatory

The same applies to owners who have agreed on a refurbishment with the support of the owners’ association in a majority resolution. However, owners who have newly acquired a property also like to aim for an old building refurbishment with subsequent re-letting. There is a good chance in all regions of Germany that the refurbished apartments will enjoy great popularity and subsequently be let at short notice.

Optimal planning is important in order to be able to realise all renovation work and carry it out quickly. There are various things to consider and clarify in advance. Then you are protected from unpleasant surprises.

The requirements of monument protection

Before you start with the detailed planning of the renovation of the old building, it is important that you deal with the requirements of the protection of historical monuments.

These conditions are not always communicated directly when a property is sold, and there is a good reason for this. Sometimes the conditions prevent a planned renovation, or they are the cause of high costs.

Windows, doors and facade

Elements of concern for the protection of historical monuments are often located on the facade. Stucco may not be removed and changes to the wall openings for the windows and doors are prohibited.

There are requirements that windows must be made only of wood and not plastic. Their shape and design may also not be changed. Thus, it is sometimes not allowed to replace muntin windows with those that do not have muntins.

Also note that there are conditions according to which you are not allowed to install new windows at all, but must renovate the existing elements. The same applies to doors if they are part of the façade. Requirements that include the complete renovation of the façade in order to restore it to its original condition can be particularly cost-intensive.

Permits for the renovation of the old building

Even if the listed building authority has not imposed specific conditions on the building, you will still need permits for any remodelling. These mainly concern the exterior. Changes to the wall opening for windows and doors and a new colour scheme for the façade should be discussed with the authorities in advance.

It is advantageous to contact the authorities before buying the property. In this way you will find out whether there are any requirements and to what extent these requirements are relevant to your planning. If you wish, we will be happy to assist you in obtaining all important and relevant information.

Changes in the interior offer a lot of scope

In terms of interior renovation, you are much freer than when designing windows and facades. It is usually no problem to suspend large rooms with lower ceilings and in this way create storage space and save heating costs. Rooms can also be made smaller by integrating lightweight walls, for example.

The replacement of cables and pipes are also an important part of the renovation. However, make sure that this work is carried out by a professional.

Condominium in Berlin with fireplace.

Costs for a comprehensive renovation of an old building

The costs for the renovation of old buildings are usually high. They are defined by the cost of modernization, the size of the rooms, but also the individual wishes of the owner play a role. In the case of a complete refurbishment of a larger old building complex, high six-figure sums are quickly reached. However, as very good prices can be achieved for high standard apartments in old buildings on the open housing market, the costs will quickly pay for themselves.

Refurbishment costs example

Let’s assume a typical house that was built in the 80s. The floor space is about 80 square meters, the living space is 130 square meters, distributed over 5 rooms.

Renovation costs: roof & facade

With a service life of 20 to 40 years and a material/labour cost ratio in percent of approx. 20/80, the price per square metre starts at approx. 50 euros for interior insulation without cladding, above-rafter insulation up to approx. 200 euros.

Above-rafter insulation approx. 20,000 Euro incl. substructure

Value enhancement through refurbishment?

The refurbishment not only provides a modern look, it also saves energy and thus increases the value of the house. For economic reasons, renovation often makes sense. This also applies if you do not want to sell the house and hope for a higher sales price through the refurbishment. Because through the so-called energetic renovation you can significantly reduce your ancillary costs, so that the investment pays off in the long term.

• Redevelopment Value enhancement

Conclusion: Renovation of old buildings is worthwhile

The renovation of old buildings is always worthwhile. It is important that you deal with the requirements of the monument protection in advance. Such requirements can drive up the costs considerably. If you would like advice on the renovation and sale of old buildings, we are happy to offer our services as an experienced partner for the federal states of Hesse and Rhineland-Palatinate.