Buy cheap houses in Berlin
The desire to buy a house cheaply in an international metropolis like Berlin unites many people. The attraction that Berlin exerts is based, on the one hand, on the outstanding economic conditions that this cosmopolitan city offers. In addition, the cosmopolitan flair and the almost unlimited possibilities make Berlin particularly attractive. All these aspects ensure that more and more people are moving to Berlin. For this reason, living space is becoming scarcer and more expensive. ADEN Immobilien is your contact if you want to buy a house at a reasonable price in this challenging situation in Berlin.
Buying cheap houses: Saving tips
After a first glance at the real estate offers, many potential buyers think that buying a house is unaffordable. However, there are one or two money-saving tips that enable even those with a somewhat smaller purse to buy a house cheaply.
Buying a property from a foreclosure sale
One way to buy a property at a much lower price is to buy it at a foreclosure auction.
If the property owner is no longer able to meet the payment obligations from his loan, the property is foreclosed by the lender, usually the bank.
Here, real estate can often be acquired below market price.
If you are interested in this, you should already deal with the property and the associated valuation before the auction date. If you need assistance in this regard, you are welcome to contact ADEN Immobilien.
Financing the purchase of a property without equity
Many banks offer prospective property owners financing for their property without equity. Under certain circumstances, the ancillary purchase costs are even financed as well. The prerequisite for such full financing is usually the existence of a regular income. Financing without equity, however, contradicts the advice of experts, who recommend an equity ratio of 20 to 30 percent of the purchase price. This type of financing can nevertheless be an interesting option for people just starting out in their careers or for young families, because this group of people has generally not yet had the opportunity to build up equity capital on a large scale. If you are considering this 100 per cent financing, you should calculate your financing precisely beforehand. Full financing is usually associated with higher interest rates. If you have any questions on this subject, you will receive competent answers at ADEN Immobilien.
Buying a property in need of renovation
If you are a skilled craftsman, you can save a lot of money when buying a property in need of renovation. In most cases, the purchase price is lower than the price of newly built properties. You can carry out the necessary renovations yourself at low cost. This way you can not only save money, but also design your new home directly according to your wishes. When buying, however, make sure that the building fabric of your new house is intact. Otherwise, the dream of owning your own home could turn into a nightmare. ADEN Immobilien can help you find the right property.
Buy a cheap house: In which Berlin district?
Berlin’s diversity is reflected in the structure of its various districts. Here you will find the right residential location for every group of people, with their special interests.
People looking for peace and quiet away from the centre are in good hands in Köpenick-Treptow. This is the easternmost district of Berlin and is comparatively sparsely populated. Most of the buildings are terraced and detached houses. The surrounding area is characterised by green spaces and lakes. All this makes Treptow-Köpenick attractive for young families.
Those looking for a property in a higher price segment should be interested in the district of Steglitz-Zehlendorf. This district offers a home to affluent couples, families and also senior citizens. The district of Dahlem, which is located in this district, offers a home to many affluent residents due to its high-quality real estate stock. Senior citizens in particular appreciate the charms of Dahlem.
If you are looking for a house near the city centre, you should look into the offers in Charlottenburg. From Charlottenburg, you can reach the centre of Berlin in no time by public transport. The cityscape of Charlottenburg is characterised by a large number of old buildings and offers different generations the opportunity to live side by side. With a wide range of bars and cafés, Charlottenburg has increasingly become a trendy district in recent years.
Why consult an estate agent
Buying a property is a decision that has far-reaching and also long-term significance. Since you, as a customer, do not deal with the real estate market all the time, it is all the more important to consult a professional who can assist you here
If you want to buy a house cheaply in Berlin, this is even more true. The enormous size of Berlin makes it difficult for a layman to keep track of the entire property market. This is where an estate agent can offer you support.
You will particularly benefit from an experienced estate agent if you want to move to Berlin and do not have sufficient knowledge of the city. Here, an estate agent can recommend the district that suits you best.
An estate agent will help you to recognise whether a superficially favourable offer is also favourable on closer inspection or whether you could be facing extensive and expensive renovations.
Conclusion
Berlin has become a magnet that fascinates many people and attracts them to the German capital to work and live. The increasing demand for living space has naturally also had an impact on prices. However, you are not helplessly at the mercy of these prices. If you follow some of the recommendations presented, it is also possible to buy a house in Berlin at a reasonable price. ADEN Immobilien looks forward to supporting you on this path.
