Seller

Dream home sold: Example of successful Engel & Völkers marketing

A dream home spanning 240 square meters, with a paradisiacal garden overlooking the southern part of Bochum – no doubt, Jens Marbach’s former residence exudes style. Despite his experience in real estate transactions, the entrepreneur was concerned about the challenging market conditions: "Will I really be able to sell my house at a fair price?" With the support of the real estate experts at Engel & Völkers, the sale turned into a success story.

When is a holiday home deemed a second residence?

A holiday home on the Baltic Sea or a weekend retreat in the countryside for own use are generally to be regarded as second residences. If, on the other hand, the holiday home is used exclusively for rental purposes, it is definitely not a second residence. In fact, an investment in holiday property can become a commercial property when certain income limits are reached. In both cases, the question of whether this constitutes a second residence is easy to answer. The situation is different if the property owners use their holiday home for themselves on weekends or during holidays and rent it out during the rest of the year.

Standard land value in Kiel

If you want to find out about land prices in the various locations in the city, the standard land value for Kiel is a good guide. The digital standard land value map shows the different standard land value zones can be viewed. This gives property sellers and prospective buyers an initial impression of the different land prices with the help of the standard land value in Kiel. As the standard land value always refers to a reference property of a certain size, the stated standard land value for another property must be converted accordingly.

Letting residential property

Important aspects when letting a flat

House sale contract - what you should pay attention to

A house sale contract is needed to facilitate the change of ownership of a property. At the same time, such a contract usually raises many questions for buyers and sellers. After all, selling a property is an everyday undertaking for very few people. It is therefore all the more important that the contract for the sale of a house is drawn up with appropriate care and prepared in a way that is understandable for all parties involved. In the following, we therefore explain in advance key questions regarding the contract of sale of a property.

When is drinking water testing obligatory for owners?

What you need to know about the standard land value

How do you calculate the value of a plot of land? How does the price of a property come about? For these and similar questions, the so-called standard land value is a decisive factor. It serves as the basis for calculating the value of real estate and land.

What is the local comparable rent based on?

The local comparative rent is formed from the usual rents of the municipality (or a comparable municipality). The living space must be comparable in terms of type, size, equipment, quality and location. The period under consideration for the local comparable rent is four years. Increases due to increases in operating costs are not taken into account.

Inheriting real estate with a foreign connection

What you should bear in mind when inheriting across borders

Residential to commercial and vice versa: What do you have to consider when changing the use of a property?

A change of use from commercial to residential or vice versa can make sense in many cases. After all, the real estate market is in a constant state of flux. Demand and usage patterns change, especially in economically turbulent times. This demands flexibility from the owners of a property. In this way, it is possible to react to the current trends in real estate use and to increase the Value creation potential of the property can be fully exploited.

How is the real estate market in Schleswig-Holstein developing?

An assessment from our experts

Agreement on the Building Energy Act: What will be important for Hamburg property owners

As one of the most polarising topics in the political discourse, the amendment to the Building Energy Act energy law is also occupying the owners of houses, flats and other properties in Hamburg Obligation to retrofit for older heating systems in favour of the heating transition in Germany was debated in the media and in public, and it took a long time for the coalition parties to reach a consensus. In mid-June 2023, an internal government Agreement has now been reached, which is considered a promising basis for adoption in the Bundestag. In this article, your estate agent for the north-east of Hamburg, Engel & Völkers Alstertal, would like to summarise for you the changes that the so-called "Heating Act" will bring for owners of houses and flats and why this is particularly important in Hamburg can be expected to be implemented more quickly than at federal level. Find out more now!