Buying your own home is child's play with the right tips: Once the right property has been found, you can estimate the costs relatively accurately with a real estate appraisal or appraisal for your house – and structure your financing. In some cases, you even have the option of purchasing a house through a lease purchase. So you pay with your rent already a share of the purchase price for your own four walls.
Buying a house: tips for getting started
Properties for the purchase can be found in various places: Particularly popular is the research on the local daily newspaper or online comparison portals. But you can also get offers here:
- Land Registry
- Local homeowners associations
- Local government
You can also submit a search ad in a newspaper or online – or seek the help of a broker. If a purchase is made, however, you usually have to pay a commission of three to six percent in this case.
The valuation of a house results not only from the quality of the building fabric, but also from the location. On the one hand, for example, the size and condition of the property is important, on the other hand, you should pay attention to the so-called micro-location.
What is important in the micro-location
- How long is your commute?
- Are there kindergartens or schools for your children in the area?
- How is the parking lot location?
For the valuation of a house, you should always carry out a survey – best for two.
A real estate valuation for the house or apartment should include the following points:
- Quality of the building fabric
- heat protection
- Piping and age of heating
In addition, it may be important to pay attention to the renovation needs. For example, if the bathroom is out of date, there will be some cost and work to do. Do not forget to pay attention to the little things: The rooms should have enough power sockets and light sources. In addition, windows and doors should work and not be leaky. Since 1 May 2014, you can be more specific with the new energy classes and the energy pass for houses due to the Energy Saving Ordinance (EnEV) 2014: The passport contains information on demand or consumption.
A real estate valuation can therefore be very complex, so it may be worthwhile for you to appoint a professional appraiser. Depending on the effort, however, between 1,000 and 2,000 euros are due – mini-reports on the Internet cost only about 30 or 40 euros. The cheap version can only afford a first orientation.
Rent purchase of the house
For the usual financing of a property there are alternatives – the hire purchase of a house or an apartment. There are:
- The classic hire purchase and
- the so-called option purchase
The classic hire purchase usually obliges you to buy the respective object after ten, fifteen or twenty years. All rents paid during this period will be deducted from the purchase price of the property. However, an option purchase is usually offered by cooperatives and the rent is also charged: Already with the conclusion of the lease, a purchase is agreed, but you can still refuse later. In comparison, the second model may be more expensive, because in addition to the repayment you pay interest on your rents. In addition, should the second model in case of withdrawal from the purchase no special payments.