Payday
2016-06-03 19:24:58
- #1
moin
I have a very general question (we have already built). In our city, the following is being offered:
- 82 sqm rooftop terrace apartment in a multi-family house (15 units) in Kfw55 standard with underfloor heating and ventilation system for €72,000 including wall work (white painted painter’s fleece) and tiles for the usual rooms like kitchen, bathroom, etc... (€20/sqm). (A kitchen for €2500 is also already included)
I understand that this doesn’t mean much at first. But the price is very low. Even if you add €10,000 for nicer tiles and more sockets, the total price will still remain relatively manageable.
I tried to google, but I only find advantages/disadvantages about renting. But what should be considered when buying such an apartment?
The stated purchase price is called quote: "cooperative shares (deposit) €72,000"
Where is the catch here? That is clearly too cheap. The price is well below €1000/sqm. Some additional costs are indeed lower (e.g. house connections only apply once for 15 units, although they would then be somewhat bigger and more expensive).
What additional costs actually arise?! Am I even an owner with a deposit? If not, then no real estate transfer tax should apply. But how can you finance the money with a mortgage from the bank?!
If you are not the owner of the apartment, can someone else (with the corresponding deposit) register a legitimate interest in your own apartment?!
Of course, I understand that in a multi-family house, usual house charges apply. But these only cover the costs that would always arise in one way or another as a normal owner of a house. (except maybe administration fees and possibly commissioned gardeners, etc...)
Oh yes: the €72,000 apartment is by far the most expensive. It comes with a large rooftop terrace facing south/west and no taller houses/buildings nearby (so good view). The location in our district town can also be described as a better neighborhood.
I have a very general question (we have already built). In our city, the following is being offered:
- 82 sqm rooftop terrace apartment in a multi-family house (15 units) in Kfw55 standard with underfloor heating and ventilation system for €72,000 including wall work (white painted painter’s fleece) and tiles for the usual rooms like kitchen, bathroom, etc... (€20/sqm). (A kitchen for €2500 is also already included)
I understand that this doesn’t mean much at first. But the price is very low. Even if you add €10,000 for nicer tiles and more sockets, the total price will still remain relatively manageable.
I tried to google, but I only find advantages/disadvantages about renting. But what should be considered when buying such an apartment?
The stated purchase price is called quote: "cooperative shares (deposit) €72,000"
Where is the catch here? That is clearly too cheap. The price is well below €1000/sqm. Some additional costs are indeed lower (e.g. house connections only apply once for 15 units, although they would then be somewhat bigger and more expensive).
What additional costs actually arise?! Am I even an owner with a deposit? If not, then no real estate transfer tax should apply. But how can you finance the money with a mortgage from the bank?!
If you are not the owner of the apartment, can someone else (with the corresponding deposit) register a legitimate interest in your own apartment?!
Of course, I understand that in a multi-family house, usual house charges apply. But these only cover the costs that would always arise in one way or another as a normal owner of a house. (except maybe administration fees and possibly commissioned gardeners, etc...)
Oh yes: the €72,000 apartment is by far the most expensive. It comes with a large rooftop terrace facing south/west and no taller houses/buildings nearby (so good view). The location in our district town can also be described as a better neighborhood.