Buy a condominium for the time "after the house"?

For me, the first thing is whether the residents pay a market-standard rent. That then also determines the purchase price. How high is the service charge? Are there sufficient reserves, etc. If you contribute 70% equity, then you will eventually pay taxes on the rental income from the apartment. I would do it. Who knows what will happen in 15 years?

Let's calculate it and think it over, even if we possibly don't want/can't move in there in 15 years.

- Rent or non-allocable additional costs / reserve formation
- Amount of reserves for the apartment
- Need for renovation due to age or what needs to be done energetically in the future (see protocols)
- Financing costs
- Opportunity costs
- what I will likely have to invest in 15 years to be able to live in it myself

That would be a fairly sober consideration for me.

For me, the first thing is whether the tenants pay a market-based rent. That then also determines the purchase price.

They currently do not pay market-based rent. I asked the administrator and he said that the current owner is also older and has waived rent increases for about 10 years.

The tenants know, however, that with the change of ownership the rent will be

If you bring in 70% equity, then at some point you will pay taxes on the rental income of the apartment.

We would have 70%, but would not use it, so not the entire equity.

Rent or non-allocable ancillary costs / reserve formation - Amount of reserves for the apartment - Renovation needs due to age or what needs to be done energetically in the future (see protocols) - - Opportunity costs - what I probably have to invest in 15 years to be able to live in it myself

That would be a fairly sober consideration for me.

With the new rent, one could cover the interest + repayment and the non-allocable costs.

The opportunity costs would be those on the invested equity, which, as described, would not be that high after all.

In 15 years the apartment would need to be completely renovated. Then it would be 43 years old.

According to the administrator, a new heating system will be installed from the reserves this year; there has never been a special assessment before. He would send me the protocols and the economic plan from the past period.

Since when do tenants just accept a rent increase like that? You're really lucky.

Since when do tenants simply accept a rent increase? You are quite lucky.

20% in three years up to a maximum of the local customary rent. In this respect, the tenant really has no choice but to accept the rent increase. Unless they move out voluntarily. This has nothing to do with luck.

With the new rent, one could cover the interest + repayment and the non-allocable costs. The opportunity costs would be those on the equity invested, which, as described, would not be that high after all. In 15 years, the apartment would have to be completely renovated. Then it would be 43 years old.

Then make yourself a liquidity plan for the next 15 years. We can also roughly calculate it here if you like. Especially with the low rent as well as the extensive renovation needs, I would seriously consider whether buying today makes sense.

Then make yourself a liquidity plan for the next 15 years. We can also roughly calculate it here. However, especially with the low rent as well as the extensive need for renovation, I would seriously consider whether buying today makes sense.

Welcome. Financially rather hardly. If you want to move in yourself, emotions also come into play.