12-11-2021, 06:15 AM
I'm thinking of buying an apartment in Hannover, Germany. Its building was built in
<!-- SC_OFF --><div class="md"><p>I don't have that very many German friends who do Real State investment in Germany. So, it would be good to get some advice from a German person on that. I have the following questions. I would be thankful if you could answer me these.</p> <ol> <li>I found an apartment in Hannover which is, according to Immoscout24, pretty cheaply priced. It categorizes the prices as retty low in the price range it deems for an apartment of this type within this locality. Should one trust the valuation of immoscout24? </li> <li>The apartment building was built in 1930s, but it was totally renovated in 2006. From the pictures, it looks quite good. It's Energy Efficiency class is also A. Is it still okay to buy an apartment from a building that was built that long ago? </li> <li>The apartment is on the highest floor, or Dachgeschoß in German. Although only a small portion of the apartment has the slopes due to it being on the highest floor, is it a good idea to buy an apartment on the highest floor?</li> <li>The apartment has a "Hausgeld" of €300 per month. At first I felt it was really high, however, google says in Germany normal Hausgeld is between 2.5-4.5 times per sq meter. Considering the apartment is 110 sq meter, I think it's okay. What do you think, is €300 really okay? Is there any way to reduce Hausgeld? </li> <li>I will visit the apartment next week, so obviously I will have a more detailed look and get better perception than what I can have from the pictures. What are the key things I should really focus on?</li> <li>The last question, is it at all a good time to buy an apartment at this moment in time in Germany?</li> </ol> <p>Thanks.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/its_all_pointless"> /u/its_all_pointless </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rdl29k/im_thinking_of_buying_an_apartment_in_hannover/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rdl29k/im_thinking_of_buying_an_apartment_in_hannover/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I don't have that very many German friends who do Real State investment in Germany. So, it would be good to get some advice from a German person on that. I have the following questions. I would be thankful if you could answer me these.</p> <ol> <li>I found an apartment in Hannover which is, according to Immoscout24, pretty cheaply priced. It categorizes the prices as retty low in the price range it deems for an apartment of this type within this locality. Should one trust the valuation of immoscout24? </li> <li>The apartment building was built in 1930s, but it was totally renovated in 2006. From the pictures, it looks quite good. It's Energy Efficiency class is also A. Is it still okay to buy an apartment from a building that was built that long ago? </li> <li>The apartment is on the highest floor, or Dachgeschoß in German. Although only a small portion of the apartment has the slopes due to it being on the highest floor, is it a good idea to buy an apartment on the highest floor?</li> <li>The apartment has a "Hausgeld" of €300 per month. At first I felt it was really high, however, google says in Germany normal Hausgeld is between 2.5-4.5 times per sq meter. Considering the apartment is 110 sq meter, I think it's okay. What do you think, is €300 really okay? Is there any way to reduce Hausgeld? </li> <li>I will visit the apartment next week, so obviously I will have a more detailed look and get better perception than what I can have from the pictures. What are the key things I should really focus on?</li> <li>The last question, is it at all a good time to buy an apartment at this moment in time in Germany?</li> </ol> <p>Thanks.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/its_all_pointless"> /u/its_all_pointless </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rdl29k/im_thinking_of_buying_an_apartment_in_hannover/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rdl29k/im_thinking_of_buying_an_apartment_in_hannover/">[comments]</a></span>Kind Regards R