Top property without an agent: Large ground floor apartment with many advantages!

Top property without an agent: Large ground floor apartment with many advantages!

There is an interesting real estate offer in the heart of Cologne that not only impresses with its location, but also with attractive financial aspects. A 200 m² ground floor apartment is for sale, which is ideal as an investment. The highlight: There are no broker fees because the marketing takes place without intermediaries. The platform Living happiness reports that the apartment is heated by a floor heating system with gas heat and that a comprehensive rental as well as cleaning and caretaker service are offered.

What is particularly attractive for potential buyers is that there are opportunities to optimize the rent for this property. In addition, the property transfer tax and special depreciation are reduced by the inventory, which reduces the financial burden. This offer is aimed not only at investors, but also at owner-occupiers, as the large apartment could also be shared. Anyone interested has the chance to do a good deal here.

Be careful with renovations

Anyone thinking about purchasing this property should also consider the issue of energy-efficient renovations. According to a report by KPMG Buyers should be careful when planning energy-saving renovations in combination with other measures, such as replacing windows or electrical systems. Significant improvements to the building can be achieved here, but there are also pitfalls that should be taken into account.

The costs of such a renovation are considered production costs for tax purposes. This means that maintenance costs for existing properties can only be deducted over a long period of 50 years. A taxpayer could therefore save 240 euros annually instead of a one-off 12,000 euros if maintenance costs exceed the usual depreciation rates.

Use tax incentives

This makes it all the more important to find out about tax incentives for energy measures. The Federal Ministry of Finance has shown a variety of ways in which you can benefit from funding when converting and renovating a building. These include, among other things, the thermal insulation of walls, the renewal of windows or the installation of modern heating systems. The tax deductibility of these measures can amount to up to 40,000 euros per residential property, which makes purchasing a property particularly lucrative.

In addition, energy-related construction support and specialist planning can also receive tax support, provided they are carried out by recognized energy consultants. In order to claim the funding, certain requirements must be met, for example the building must be at least 10 years old and the measures may only be carried out by specialist companies.

For those interested, there are a variety of funding programs, such as the KfW and BAFA funding, which offer additional financial support, although it should be noted that cumulation of funding for the same measure is not possible.

When investing in real estate in Cologne, there are not only opportunities, but also challenges that should be considered. Be well informed to make the most of your investment!