Buying Apartment in Old House: Energy Efficiency & Details

30 posts in this topic

On 12/26/2018, 4:27:07, catjones said:

Keep in mind that while you're doing research, the condo could be sold to someone else.

 

Agreed! It's hard to strike the right balance between doing due diligence and grabbing an opportunity for good real estate. And it's especially tight right now in Germany in some places. One deal that falls through could mean waiting another year or two for the next match!

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Hello, let me lean in also with an old apartment that I just saw.

It is an 1974 3 room apartment, price is around 70k so very tempting.

Energy consumption around 120 kWh/m2.

What is a little strange is why is the price so small, Hausgeld is around 230 euros, and there is also an additional rent for the ground under the building? that is around 60 Euros monthly.

Building looked like it would need some care and wasn't invested in in a long time.

What would be next step, to ask the Makler for all the documents about the apartment is ok?

The if these seem ok to schedule a check by a specialist?

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if the sale does not include the land, but you pay "rent" on that, it sounds like this involves an erbpacht.

 

the trick with erbpacht is that the rental agreement for the land is limited - eg for 99 years. It can also involve a variable instead of fixed payment for the "rent".  eg it may be 60 euros now, but nothing to prevent it from rising a lot more in the future (details in the contract). You need to be especially careful with this as the closer the contract is to expiring, the less the place will be worth, and at some point will be very hard to sell at all.  At the end of the contract anything can happen:  the land may be sold, the contract may be renewed but under completely different terms, who knows?  ergo the loss in value.  you may be left with essentially nothing.

 

lack of maintenance does not sound good either.  be very careful here.

 

 

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and for the love of god, don't take a makler's word for anything.  if you want to pursue this get the paperwork and have it reviewed by someone who understands the ins and outs.

 

to be fair, an erbpacht can work for some.  I've considered it myself as I don't have kids to "leave" property to, and if the erbpachtrecht won't expire til I'm fairly surely going to be dead, it's just not something that would be inherently "bad" for me as I'd have gotten my good use out of it.

 

unless I had some need to sell.  That's the sticky part for me, personally.

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The apartment is near Aachen.

Erbpacht is the term, the Makler mentioned it just as a minor thing of course.

 

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1 minute ago, bbogdanmircea said:

the Makler mentioned it just as a minor thing of course.

 

21 hours ago, lisa13 said:

and for the love of god, don't take a makler's word for anything.

 

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Hi

 

I am recently planning to buy a house from 1963 however the heating got changed in 2017 to Gas and also the electricity.

Since the change no one has stayed there regularly and on my request the present owner has created an energy certificate(attached).

Also I have attached the report after heating change for KFW promotion.

 

My question is 

1. How to read the KFW report .

2. How accurate is the energy certificate given the fact that the usage was irregular after the heating change.

3. How to increase the efficiency of the house

Below are some facts

a.The windows are already double pane wood window.

b. Roller shutters are already present.

c. The attic is not developed. There are some woolen insulation layed over the floor of the attic and also the inside portion of the roof.

 

I am not looking for some big renovations.

I have added the required files in the Google drive. 

https://drive.google.com/drive/folders/10eSqBABYQDrY8kLhv036RM2rWu_nj5xp?usp=sharing

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