New building in excellent modern architecture, elevator, beautiful 3 room apartment on the 1st floor, living room 39 m² with floor-deep wide window front and large balcony to the south, fireplace connection, 2 baths.
Land and rights equivalent to land (e.g. heritable building rights) are a delimited part of the earth's surface (§ 905 BGB) and are registered in the land register.
The marketing period is highly dependent on the attractiveness of the property, the selected rental price and the sales concept. In a first step, RIEDEL Immobilien analyses the marketing opportunities of a property, develops a sales concept adapted to the property and recommends a rental price in line with the market.
Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).
The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.
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