HOW TO BUY PROPERTY IN GERMANY
What steps should you take when looking for your new home in Germany, and how can a good agent make a difference? This guide will help you iron out the key facts before you embark on your new adventure.
Germany is a country packed full of cultural attractions and stunning scenery, with something different to offer everyone. Do you see yourself at Oktoberfest, enjoying the great food and beer of the Bavarian region, getting that dream job in one of Germany's thriving cities, or spending your time hiking through spectacular forests? Whatever your ambition is, you'll find the standard of living high and the possibilities endless.
FINDING THE RIGHT PROPERTY
At the time of writing, around half the population rent in Germany, meaning it has one of the lowest buying rates in Europe. Then when many buy property, they are expecting it to be their home for a long time. So as you start your house-hunting, take your time to consider every element of your decision. You want to make sure this is a place you could imagine calling home! Some of the major cities can be expensive, such as Munich or Hamburg, and while these may prove to be a great investment, you can also find cheaper properties in great locations such as Leipzig or even Berlin. Whether you're looking for a hip renovated studio or a farmhouse in Bavaria, with the right RE/MAX agent by your side, you can find the right home at the right price.
HOW DOES THE BUYING PROCESS WORK IN GERMANY?
Before starting on this journey it's best to do your research. Find out what kinds of mortgages are available and what the immigration requirements are. As you search for your new home, take into account that a deposit of 20% is standard, but in some cases expats are expected to pay more. Make sure you have the funds in your pocket to avoid nasty surprises – you don't want to settle on the perfect home only to find out that you can't afford it! Your agent will lead you through the process, but you will also need a notary to draw up the sales contract, register the sale and act as a middleman.
CHOOSING THE RIGHT LOCATION
Knowledge of the place you want to move to is always helpful. Maybe you've already visited before or made a few viewing trips. Even without local knowledge, you can still learn about the areas through online research and from your RE/MAX agent. As an expert in the area, they can act as a local guide to make sure you know everything about the neighborhood before you take the purchasing plunge.
Buying property in Germany, as with buying anywhere else, requires a deep questioning of your needs. What is necessary for you in your new home? Would you prefer to be closer to public transport, and willing to sacrifice garden space to get it? Is proximity to schools an important factor to consider? Your agent can help you iron out the details, but it's good to go into your search knowing exactly what you're looking for, even if some properties may end up surprising you. Most properties come completely unfurnished in Germany, which may seem unusual depending on where you've lived before. It is sometimes possible to arrange to buy furniture or appliances from current owners, but don't be swayed to buy a property based on the furnishings – they might not be there by the time you move in!
FIND THE RIGHT HOME WITH THE RIGHT AGENT
Buying property in Germany can be a great investment, whether you're looking for the ideal family home or a rental investment. This is due not only to the country’s stable property market, but the high quality of life and property types to suit every buyer. A good agent can make the whole process easier, from your first vision until you have the keys in your hand. They can help you define exactly what you’re looking for and where, help you navigate through the paperwork and most importantly be on your side so you can be sure that you’re moving into the best home for you and your family.