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About wien4ever

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  • Location Germany
  • Nationality USA
  • Gender Male

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  1. Hiring a surveyor when purchasing a property

    Here is one place where it is mentioned:   "The deadline for fulfilling the obligation is two years from the first transfer of ownership after February 1, 2002."   I did my new roof+insulation with a KfW loan of only 0.75% interest for 10 years. These days KfW loans are >2.0%    here is an update on the KfW situation:   Make sure you get a company or energy consultant who takes your hand through the KfW process, because it can be tricky sometimes with the deadlines and constantly changing conditions. I lost a consultant fee subsidy because the KfW suddenly decided to close that offering (without any notice on their webpage!) in the middle of my renovation. At least it was just a few hundred. Make sure to get someone that is on top of these things!
  2. Hiring a surveyor when purchasing a property

      I would agree most roofs in Germany are pretty good even if old. Be aware though that there is the energy regulation that roof insulation of the latest spec should be installed within two years after purchasing the house. I decided to go ahead and renew my 60+ year old roof (I noticed some cracked tiles I could see in some places, but otherwise seemed to be working fine - no water damage) with new insulation (over the rafters) and new tiles since KfW funding (20%) would cover both. You could do like my neighbor and insulate from the inside between the rafters - that is much cheaper but somewhat less effective for energy savings (more thermal bridges), but fine for passing inspection.  
  3. Hiring a surveyor when purchasing a property

    "There is a slight slope when moving from one or the rooms to another."   Just curious - do you mean the floor is not perfectly level? Like if you place a metal ball it will roll without a push?    
  4. Thanks to everyone for the info. I just checked the example calculations for Baden Württemberg and the BorisBW site and my property tax will be doubled from 100euros/year to 200 euros/year.  Not terrible, since it was pretty low to begin with, but still it's a doubling (!).   I wonder if after 2025 they will keep raising it.
  5.   Ha , eastern europeans have been doing this since forever - bring pot of kasha stew to a boil, cover it in a duvet, and leave it for a couple of hours. On the flip side, leave your food out on the balcony in the winter - free refridgeration!
  6. One thing I might consider doing if the greenies get crazy is getting a mini/multi split system like this guy:      If I were to install it, I'd do it at the same time while installing external wall insulation, then you could tuck in the tubes/wiring in between the insulation before putting the facade on.   The costs of these systems look much cheaper than a heat pump with radiators or floor heating.   An article on the same guy:
  7. The problem is with the dust from wood burning, which the greenies claim is worse than car fumes.
  8. Purchasing house

    toBnruG has very good points about rent vs buy. It really only makes sense if you are in it for the long haul.   You can use the NY times rent vs buy calculator (if you get a paywall, trying using a private window to hide your cookies):   nerdwallet has a simpler one:
  9.     You can use this renovations calculator to get an idea of what changes will benefit you: The numbers match pretty much the values that a certificate would have. You can then compare the before and after renovation numbers. The estimated costs are way off, even it is just estimated from bare materials.   Although, I'm a little suspicious of the roof option - it doesn't seem to be registering my changes to it. 
  10.   I would avoid wood/pellet ovens, unless its just for supplementary heating.  The greenies are actually against wood ovens now that they make more pollution than expected (more harmful than car exhaust they say now!). It won't be long until they also re-think pellets!
  11. Purchasing house

      Did I understand correctly, this part of the mortgage it is only for 15 years, then afterwards you have to get another mortgage until the end of 35 years? They can't offer you a longer fixed interest rate? I would be worried about the hike in interest in the future.   I bought a terraced house for ~290k and told my (Haus)bank that I wanted to pay it off relatively quickly (18 years). After covering nebenkosten, the full starting amount of the loan was 260k. They got me two mortgages, 9 years each. The first one was at 1.6% effektiv with max 5% sondertilgung, then the second one at a higher 2.0% effectiv, which I can pay it completely off at any time (no restrictions). So for example, if I wanted to, I could pay it all off at year 10 and save myself about 22k in interest or stick to the schedule and pay the full 44k in interest.   Karl's calculator is really useful for comparing scenarios:
  12. Garages are expensive - typically cost 15k-25k extra. Nuts. Good idea to keep the old one - you can always repaint it.
  13. Purchasing house

      Some renovations are less disruptive than others after moving in. I got a new front door with KfW support within the first 8 months of moving in, and the installer handled everything for me (20% funding and energy expert fee 50% off). It was a really clean swap and they did not damage the renovated and repainted walls of my entrance hall. Then I renovated the roof of the house with new roof tiles and new insulation two years later after moving in. It was hardly disruptive at all - they were finished in 4 days. I also got the painters to come and paint the exterior after the roofers left the scaffolding up for me for another week. When I bought the house the bank tried to offer me a bigger mortgage amount in order to cover planned renovations (at 1.6% interest), but I applied and got a separate KfW loan instead for the roof (at only 0.57% interest). KfW are tricky to deal with - I was fortunate to get the 20% in funding from them for the roof, along with the loan, but I lost the 50% funding for the energy expert because KfW closed the application process right before I could apply for it! No warning on their website! Not even my energy expert knew about it (in retrospect, he kind of sucked because he didn't explain to me the order in which things should happen - and I was confused/afraid to apply too early and get penalized for starting earlier without waiting for official KfW approval - they were behind by about 2 months, and I don't know why the roofers didn't handle it for me like the door contractor - but they did an excellent job otherwise). It was not too much money lost so I count my blessings on other things (like the 6000 euros saved on the roof). I also got the KfW Baukindergeld (24000 euros over 10 years) which basically covers the cost of my new roof (30k-6k=24k) - that was the easiest out of the three actually.   So it is possible to do some KfW stuff after moving in. I would say everything on the outside is no problem (roof, exterior walls, front doors, windows). Anything with pipes and electric better to get done before you move in.    Unfortunately I still have to renovate the bathroom (it is fugly 1960s style) and the plumbing going to it, but luckily it will be going through rooms and walls that I have not already repainted/renovated. I kind of regret now that I didn't do it before moving in, but I wanted to keep some cash in the bank in case of hard times. I try to keep 1.5 years of funds liquid to cover living costs in case of the unexpected...   I wasn't willing to drain my bank account so quickly and decided to do things piece wise. It gave me more time to research and think about things too. But then it takes longer to finally get the house 'finished' and you have to be willing to tolerate imperfections longer. Not everyone can delay gratification that long.    
  14. Bitcoin - a decentralised digital currency

        None of those mainstream companies are *accepting* bitcoin. Bitrefill simply converts the BTC to Euros/Dollars , which is what they really accept.
  15. Bitcoin - a decentralised digital currency

      People are catching on and making more fun of it.. great video.   I'd say big chance 2022 is the year for a crypto crash.