Property Rental & Management in  Baden Baden

What are the Running Costs for a Property in Germany?

Firstly, there is property tax - this is different from town to town but generally not expensive, (between 150 Euro and 300 Euro usually for an apartment per year.  It is a bit more for a single-house; it depends on the size of the property ground).

For apartments there is a mandatory maintenance reserve fund when owning as part of a community. It is usually about 0.75 to 1.5 Euro per square meter living area per month.

Refuse pickup, water, common house electricity, housekeeping, maintenance of the heating system etc. are additional costs which add up to about €0.5 to 2 Euros per square meter per month. If the property is rented on a long term basis all of these have to be paid by the tenant.

Even the property taxes are normally refunded by the tenant to the owner or are made part of the normal utilities prepayments.

Who takes care of the property when I am not in Germany?

Most properties owned by a foreign resident are given to a property management company to manage.

This is standard practice, even for Germans living in the same city. In fact, it is mandatory when the property is part of an apartment building.

The cost for property management is between €25 and € 35 Euros per month for an apartment. Rental management deals purely with a tenant and is separate from general house management and maintenance which can be transferred to your agents for a fee that is agreed upon by both parties.

Life International will help clients to find a property management and rental management company.

FAQ’s

Can I live in Germany when I own property there?

Owning a property in Germany does not give one a right to immigrate to the country.

Immigration is a complex matter and you need to check you eligibility before buying property if you plan to live in Germany.

Can foreign citizens purchase real-estate in Germany?

YES, you do not have to be German to buy, own, rent or sell properties in Germany. The legal situation is very stable and you do not have to worry about changes in the law.

What happens if I want to sell my Property in Germany?

When you decide to sell your house or apartment, you can work with a Real Estate broker or also offer it freely on the market. There are no rules or regulations mandating that you must use a broker.

If you choose, we can help you to sell your property. The property market in Baden Baden is particularly strong with a good demand from both German and International buyers.

A good Real Estate Agent will provide you with an estimated market value and create attractive marketing material for you.

Life International has a wide range of clients in various countries around the world to whom we would offer your property as well as a strong Internet presence.