This term refers to property which is purchased with teh express purpose to rent out and generate income for the owner. Kapitalanlageimmobilie – real estate investment. Many real estate terms start with ‘immobilien’, so this word is helpful in figuring out many other terms as well. This is the person and company who are in charge of executing general tasks with the apartment from collecting rent to calling the plumber. Hausverwalter/Hausverwaltung – Property manager and property management. This gives the dimensions of part of your apartment. German levels start at ground floor and go up from there. Many Berlin apartments come with unfinished kitchen, so when they are complete there will be a clear indication.Įtage – Apartment level. Bank loans are a normal part of buying real estate, and knowing the interest of your loan will be important for future planning.Įinbauküche – Finished kitchen. Bīetriebskosten – Service fees: costs incurred by maintenance and upkeep of a property. If you’re buying property as part of a condominium or apartment building, this certificate states that the apartment is it’s own independent space.Īltbau – The altbaus are the famous old German buildings that often have large tall-ceilinged rooms, double-planed wood-framed windows, and unique mouldings and stairwells. ![]() AĪbgeschlossenheitsbescheinigung – Certificate of self containment. ![]() Here we’ve comprised a list of real estate words and terms that will be important for you to understand and be familiar with when buying property in Berlin. In general there are many terms that new and even seasoned property buyers might not now, but the German real estate scene is bound to have some new things to learn.īlack Label Properties is fully operational in German and English, but both during the process of buying property and after becoming a homeowner, there are certain things that are best to be knowledgeable and aware of. Perhaps one of the most confusing things about buying property in Berlin is perhaps knowing all of the vocabulary.
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