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Property in Germany:Need Your Advices
Posted on 13/04/2005 7:47 pm
Property in Germany:Need Your Advices
Hi all,
I am live 50KMs away from Munich.
One of my friend wife is a real-estate agent and she gave an offer in buying land(Wohnen Grundstück), for me the offer looks reasonable and would like to go forward but still i wanna make sure if that rate is reasonable or not? also wanted your advices.
My Questions:
1. Is it a good way to buy land and construct a house of my choice or buy ready made house?
2. If i buy land now, do i need to pay property tax, if so how much? any web reference to study the legal proceedings.
3. Any reference where i can check the land price offered is reasonable or not?
4. My bank offers finance, but of high intrest rate, any reference to the any financing companies who offers low intrest rate?(I will pay 50% of the land costs, need 50% as finance)
5. Legal steps to proceed with a real-estate agent.
6. Initial charges like notary etc etc
7. Advices from you if someone of us already planned to have a house or flat in germany?
Best Regards
Deepak
deepak_bansal
Member since 09/03/2004
Posted on 21/04/2005 10:44 am
Re: Property in Germany:Need Your Advices
Hi Rajesh.
Thanks for the insight. I have a few questions:
A. Is this only applicable when You have 2 children ? What if someone has 1 child ? I understand that the baukindergeld is then only 800€, which is per child.
B. These baukindergeld + eigenheimzulage is for building up a house from scratch only or also when U just buy an already built apartment ?
C. How do they expect You to guarantee that U will not rent out the place ? What if someone has to leave the country for some time ? In worst case, I assume they will not pay the allowances for that period, correct ?
Thanks for sharing,
Nitin.
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Rebecca Johnson: Money is the opposite of the weather. Nobody talks about it, but everybody does something about it.
nitin.malhot...
Member since 19/11/2003
Posted on 21/04/2005 11:37 am
Re: Property in Germany:Need Your Advices
Hi Nitin,
If you have one kid, then you will be payed only 800€ a year, the more you have kids the more you get.
You will get this baukindergeld only if your family's income( including your spouse's income) is not more than 130,000€ a year
You can claim Baukindergeld and Eigenheimzulage for any kind of hous or flat( old or new doesn't matter)
you to have officialy live in that flat ( you need to get proof for the Einwohermeldeamt). If you leave the flat at any momemt, you will be discontinued from that month.
Hope you got me and hurry up to look for a flat my boss told me that they will discontinue this scheme from 2006!!
Regards
Rajesh
rajeshspg
Member since 23/01/2004
Posted on 22/04/2005 10:09 am
Re: Property in Germany:Need Your Advices
hi Rajesh,
do u know if one doesnt have a child now but expecting soon in 2006. and if one buys a house now, can he claim the money when the child comes or not...?????
bizzare
Member since 13/11/2004
Posted on 22/04/2005 10:28 am
Re: Property in Germany:Need Your Advices
Hi Bizzare,
I am not sure that you will get Baukindergeld but better ask your immobilien firm about this , they might shed you some light on this aspect
Regards
Rajesh
rajeshspg
Member since 23/01/2004
Posted on 22/04/2005 10:50 am
Re: Property in Germany:Need Your Advices
hello
For Eigenheimzulage is like that:
1. you will get these money only if you income is lower that 70K in the last TWO years! If you're married, the the ammount is 2*70K. If you have chlidren, then add another 30K for each child. Again, this for the last two years!
2. you can get the money if you sign the contract (house or flat, old or new) before this allowance will be discontinued (lots of reports tell this will happen this year).
3. you will get the money (and you can apply) only after you move into the new house.
4. Even if you don't have a children now, you can change this in time and get more money then.
5. home much money you get: 1250 EUR (for you and your wife) + 800 for each child per year (for 8 years)
hope this helps someone.
nic
Nicusor
Member since 19/04/2005
Posted on 22/04/2005 10:54 am
Re: Property in Germany:Need Your Advices
Hi,
Please have a look at this link for all information
http://www.reinhar....de/ka_eigenheim.html
Regards
Rajesh
rajeshspg
Member since 23/01/2004
Posted on 26/04/2005 4:36 pm
Re: Property in Germany:Need Your Advices
Hi,
is there any online metasearch finance website, where i can compare the intrest rates for baufinanzerung, as DB is charging much zinsen and offering only fixed rate.
Regards
Deepak
deepak_bansal
Member since 09/03/2004
Posted on 26/04/2005 7:17 pm
Re: Property in Germany:Need Your Advices
Try this link http://www.interhyp.de/ in this site you can simulated your own credit and it has a zins-check and zins-radar.
BTW, i tried to get a credit from the bank (Sparkasse) last year and it was rejected because of the limited visa in my passport, all the financial requirement to get the credit is passed but the only thing is they need is garantie that i have unlimited stay in germany. So i haven't try another bank but i guess it will be the same case.
Regards
arealdy
GC since Feb 2001
arealdy
Member since 24/02/2004
Posted on 27/04/2005 11:33 am
Re: Property in Germany:Need Your Advices
Deepak - you can try:
http://www.baugeld...baugeld-vergleich.htm
arealdy - Sparkasse was granting me a loan - limited GC too - but they have quite high interest rates (i suggest not too work with them). Besides that, you can find lots of other banks willing make businesses with yeah.
cheers
Nicusor
Member since 19/04/2005
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