ngo_nuong
2021-03-14 17:59:15
- #1
I really did not expect so much feedback! Thank you very much.
So our loan would be around 360K and a second income will come in about 2 years.
Our property is located in West Berlin and the condition or standard is at least comparable to our current apartment. An extension is not planned, as 100 sqm is enough for us.
Fassadendämmung: If facade insulation is not mandatory, I will leave it as it is. I don’t see a big advantage, especially in Berlin with the rather short, warm winters.
Heizungsanlage: The radiators and copper pipes still seem to be in good condition but the system will definitely need replacing in 10 years.
Electricity: The wiring is already 3-wire and still looks good. A few sockets are missing here and there or the kitchen could be extended by 1-2 circuits. But I can take care of that myself; I have renewed the entire electrical system in 2 apartments.
Water pipes are already copper and drainage is PVC -> hopefully they will last the next 10-20 years!
As I said, I hope it will remain limited to manageable and routine repairs and there will be no surprises.
The price... yes, that is really something. We regret not having taken the step earlier. But the Berlin market in the 500-600K segment is really swept clean, especially in the districts we want. Somehow it’s not healthy, but we don’t know a better strategy.
Regarding the insurances, I will probably deal with that a bit more. Are there any special features we should consider?
Regards
So our loan would be around 360K and a second income will come in about 2 years.
Our property is located in West Berlin and the condition or standard is at least comparable to our current apartment. An extension is not planned, as 100 sqm is enough for us.
Fassadendämmung: If facade insulation is not mandatory, I will leave it as it is. I don’t see a big advantage, especially in Berlin with the rather short, warm winters.
Heizungsanlage: The radiators and copper pipes still seem to be in good condition but the system will definitely need replacing in 10 years.
Electricity: The wiring is already 3-wire and still looks good. A few sockets are missing here and there or the kitchen could be extended by 1-2 circuits. But I can take care of that myself; I have renewed the entire electrical system in 2 apartments.
Water pipes are already copper and drainage is PVC -> hopefully they will last the next 10-20 years!
As I said, I hope it will remain limited to manageable and routine repairs and there will be no surprises.
The price... yes, that is really something. We regret not having taken the step earlier. But the Berlin market in the 500-600K segment is really swept clean, especially in the districts we want. Somehow it’s not healthy, but we don’t know a better strategy.
Regarding the insurances, I will probably deal with that a bit more. Are there any special features we should consider?
Regards