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Table of contents
- Here is What You Need to Know About Real Estate in France
- Real Estate France | Property in France - International Living Countries
- Why sell with us?
- How (and How Not) to Buy a House
Indeed, due to lifestyle changes, the demand for furnished accommodation has grown in recent years. However, those looking to settle down long-term still search for traditional unfurnished apartments. Our concept is geared to temporary use and thus towards a specific clientele. That is what makes our work so special and we are always happy when our customers feel completely at ease in their temporary home. Available at any time with up-to-date properties: Rentable from 6 to 36 months and ready for occupancy at short notice.
Whether you are searching for a small flat apartment, exclusive business suite or idyllic house — here you will find a wide selection of furnished apartments for short term accommodation in Munich's top locations. Complete online presentation of all apartments and houses via high quality photos and video, with all the important details and information about the area.
All apartments are completely furnished and most are equipped with cable TV, stereo, DVD, high-speed Internet, dish washer, washing machine and dryer, as well as complete kitchen equipment, bed linen, etc. Since the beginning of October , buyers and sellers of real estate can turn to the experts at Mr. Lodge GmbH and benefit from their expertise and market knowledge. You may have experienced this situation before: Within just a few weeks everything needs to be organized, which can be quite stressful.
Apartments are difficult to find and the whole moving process can be very challenging. Furnishing the new place, coordinating different handymen, getting internet access — moving into a new place does cost a lot of time and money. Moving into a temporary and furnished apartment however, will make your life much easier. Everything is in place and ready for you, so that you can focus on your new job or studies exclusively. Our apartments are completely furnished and equipped with all the items you may need. And there are further advantages.
Furthermore, a lot of companies only offer full-time employment after a 6-month probationary period. Lodge is the leading agency for temporary furnished rentals. Chris September 4, , 6: Interesting to see the relative costs of houses. I live in Western NY where we have ridiculously low and stable house prices. My wife and I casually browsed listings for months when we saw our current house and figured it must have serious issues: We saw a great chance to get a great house cheap with a little elbow grease and hard work.
Lisa September 4, , 6: Rory September 4, , 6: Congrats on the new purchase. My wife and I tried recently to sell our home and move closer to our respective workplaces. When we went house-hunting we were paying attention to a lot of the things you mentioned in the post. However, we just never felt comfortable moving on an offer in 6 or 8 hours.
We ultimately made an offer to buy a home within biking distance of one of our jobs; it was contingent upon the sale of our home. But here we are 3 months later with only 2 showings on our current home. Last month someone else purchased the home we were considering. Any advice on whether or not to simply purchase before selling your existing home? Melissa September 5, , 5: These were your run-of-the-mill homes, nothing special, and they sold fairly quickly. Mostly due to the photos, we felt.
If you want to sell, you need to really go for it with descriptions, photos and be open to showing it often. Patti September 7, , 6: Agree that the lack of showings means your price is too high. We listed our house August 2 and the phone began ringing less than an hour after the posting hit MLS. We had four offers within two days, all above asking. It all depends on your motivation. We knew going into the listing that we were NOT going to get the same price for our home that we might have received five years ago.
Our realtor gave us a realistic range of prices based on comps and we decided to go with a middle of the range price. Our objective was to walk away from the deal with at least twice what we are paying for our retirement home in another state. That meant we could list at a competitive price and let the buyers bid each other up.
It worked for us. Yarrow June 21, , 1: Both have their downfalls. We sold first day on the market in the bubble and then finding the next one within the timeline was hard. This house, bought during the bubble was in a great neighborhood and 50 years out of date. It had had over showings and no offers. Mike September 4, , 7: My wife and I bought our first house in June, Housing in the Boston Area is not cheap, so this certainly represented our largest financial transaction to date.
We spent 12 months studying the local market and educating ourselves on the buying proces. Here are some of the things we found of value:. This means visiting that neighborhood multiple times to verify that it is a fit for you. Go out to dinner, talk to the locals at the grocery store or library. Take a walk through the neighborhood after dark. For those like us that rather leave the car in the garage, try walkscore. In Boston, everything is old, so when we found a home with updated electrical, new insulation, a new water heater, a newer roof and gas heat, it was a winner!
Your state likely has an association of buyer agents and is a good resource to get started. Interview no fewer than three. Prepare your list of questions ahead of time, ask for referrals and call them. A residential exemption, as the name implies, simply means you live in the home full time rather than renting it.
Take the inspection seriously, as this is free education from an expert. Stephen September 4, , 7: Thanks for posting this! I had this on my list of things to write but you save me the trouble. Now I can just link to your article. I think to many economist and engineers think like this intuitively. However, understanding that is a rare breed, thanks for putting everything together into one place. I really like the part about the efficiently of the house when it comes to layout and energy too.
I find that square footage is often overrated and that our current sf house is actually much more functionally efficient than many properties twice the size. And my favorite part is buying with the idea that public spaces can serve as a freely maintained playground that is often better than individual ownership.
Play in a park. Congrats on the house! Maslow September 4, , 7: Looking forward to hearing more about the new house, MMM! Miss Growing Green September 4, , 7: Downsizing from a larger hose will have so many benefits- less property taxes, less utilities because of less space to maintain , less area to keep clean, fewer things to repair, lower property taxes, and a smaller carbon footprint. I am a huge proponent of the small house concept. FI Pilgrim September 4, , 8: PFgal September 4, , 8: Especially in our dark New England winters, I want to get all the light that I can!
More than that, I appreciate your comments about renting vs. Devorah September 25, , 5: The reason for buying is because some day you stop paying that principal. Tyler July 16, , 9: If you take all of the money that you save by renting instead of buying and invest it, the returns will eventually pay your rent for you. Devorah March 10, , 6: Although I have unusual medical costs that cost more than my rent, so it muddles any theories of saving a difference.
If I build, sustainably, I have the opportunity to save a third on the total price of the house. GamingYourFinances September 4, , 8: When we bought our house we took over a year to decide probably drove our real estate agent nuts! The color is how you decide?!? EL September 4, , 9: Frugality has no bounds, congrats on this new milestone. I noticed you are way ahead of the average person, because people tend to downsize when the kids move out of college, and yours has not even graduated middle school.
Money Mustache September 5, , 9: We originally bought this house with one 5-month-old in tow, while planning an eventual second child. Then we changed our mind and decided one child is plenty, and thus some of this extra space would never be used. Plus I started this blog, which has led to a lot more reading and thinking about minimalism and happy living in general.
So my old Big-House mentality is fading away as I get older. Insourcelife September 5, , So does that mean that if you decided to have 2 kids you would stay in your current house? We plan on having 2 and I still think ours is too big at 3, sq. Laurie September 5, , We have three children in a home just under sq. It has a very functional layout with no wasted space. However, whenever cleaning time comes around, I am reminded of how much I dislike cleaning bathrooms, and I feel grateful again! The other advantage we have noticed is that when we feel a need for more storage space, we realize that we have acquired too much junk.
I met a lot of happy people living with hardly anything. Truly I live in luxury. Lucas September 6, , 9: Totally doable, just have to make use of wasted veritcle space installed storage in attic, bunk beds, better shelving in closets, etc. CincyCat September 6, , The stuff we actually use takes up very little space. MickeB December 20, , 1: I grew up in similar circumstances: And yep, of course we shared rooms. I never saw the problem with that! Anne-Marie September 19, , 9: We have 7 kids and our house is about sf. The key is how usable the space is, not just how much there is.
Now that the three oldest are in college and soon to move out, we are looking to downsize. GTArea May 20, , 1: Another one plugging multiple kids in an average house. Jim Weston September 4, , Congrats on the new house MMM! Interesting that you are downsizing. I understand the logic, however you obviously can easily afford the bigger house easily enough. I definitely respect your courage to use less than you are able to!
Uncephalized September 6, , 8: At the risk of speaking for someone I am not, I really doubt MMM sees this as a decision requiring courage or that he is taking some kind of major risk. Josh September 4, , An article on financing a house could also be helpful for first-timers. I bought my first house about 7 months ago. Lenders may try to talk you into doing stupid things like paying PMI. I almost had some trouble getting a good loan because some lenders require a minimum of 3 trade lines for a year each for a conventional loan.
Luckily, I found a lender that did not have a minimum number of trade lines requirement. They may say they all have to meet the same requirements since the loans go through the feds, but that was not true in my case.
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MN Mitch September 12, , 9: An article about financing for first-time buyers is a great idea Josh for MM! In our mids my wife and I recently bought our first home and were overwhelmed. Whatever happened to starter houses and working up?
Here is What You Need to Know About Real Estate in France
CO Zebra December 23, , At least if you want to be anywhere near where your life is, as MMM wisely advises. Annamal September 4, , I have to admit to being a little jealous, New Zealand is currently going through a period of collective insanity regarding house prices. I suspect it will eventually tail off for a little while but it feels like a very bubble like market in the 3 main centres at the moment. Meghan September 6, , 4: I am in Auckland! Nice to see another Kiwi on here. I know what you mean about the insanity in Auckland at present. I work for one of the major banks. Changes are on the way.
There are many people who have maxed themselves out and will struggle when they come off their currently very low interest rates. Hubby and I are intending to buy when property becomes unpopular again. We will do like MMM and rent out our new place until it is a good time to sell our current house and pay off the new property. Annamal September 7, , 2: In theory I could buy now but I would be competing with people who seem to be really irrational last time we went to an open home there were more than people present.
I have a nasty feeling that a lot of people are buying houses that could become un-insureable as well and that is a real concern with the recent spate of earthquakes. Godder October 1, , 1: Some David December 28, , 1: Well 2 years on! I guess the Auckland market might be finally about t0 pop. I guess it shows that bubbles can go far bigger than what seems reasonable, and then further still….
I also am really impressed with the decision to downsize. If you are not going to use the space, its just wasted cost to maintain. Shandi76 September 5, , 1: Congratulations on your new house. Would love to see pictures. Did you manage to get your offer together so quickly because you are purchasing in cash? KruidigMeisje September 5, , 1: I also used all the nagging details when I bought my own home.
Probably my best hourly rate ever: Even if I calcate all hours of the 4 days this took, I get to an hourly rate I never have been paid as salary. But then, I work along the same lines as MM though I did have a time limit then. An engeneering mind can pay itself in unforeseen ways, it seems.
Real Estate France | Property in France - International Living Countries
Congrats on your new house MMM. Regarding the topic of rent vs. In the real estate industry I have found the bad ones outnumber the good ones 10 to 1. The worst are the ones who under price the house by a lot, get multiple offers and claim its thanks to their effort. They end up costing the seller thousands due to incorrect pricing, but take credit for selling in one day.
Yes, good agents are hard to find. My favorites sarcasm alert are the ones who brag about an elaborate marketing plan. My favorite agents are ones that are highly educated and are now in real estate because they need something to do after leaving the corporate world.
ChicagoTransplant September 5, , 5: Thank you for this great article. I just closed on my new home yesterday and based on your previous I think I applied your principles and advice correctly. Mortgage interest per month: There is no HOA and we were able to get rid of one of our cars.
I did not add maintenance we do almost everything ourselves or vacancy rates current tenant has been here for 10 years. ChicagoTransplant September 9, , 6: Thanks MMM for the comment. It has taken me an embarassingly long time to fully appreciate this statement… I kept thinking that there is something missing out of the equation, i. I am going to run the numbers on our humble flat near London later on to see how we are faring against renting, but my intuition tells me we will come out on top… although helped no end by the ridiculously low interest rates we are experiencing over here as well at the moment.
ChicagoTransplant September 10, , Plus there are tax and mortgage benefits to living in the same building as your renters.
Why sell with us?
Even sounds like the new place has enough space for that Permaculture Food Forest I have been planning for you guys!!!! TallMike September 5, , 6: When my wife and I bought our house five years ago we enjoyed using walkscore. In our family, walkable means something like less than one mile. So, a good tool that benefits from some personalized post-processing.
I suspect any good Mustachian could make the mental adjustment. PawPrint September 5, , 6: When looking for a rental in Seattle, I looked at walk scores and could not figure out how they worked. What I was looking for in walkability was to be able to walk 1 mile or less to the grocery store, the post office, the library, the bank, perhaps a coffee shop it is Seattle, after all and a bus stop. The places with the highest walk scores were close to restaurants and shopping, but not grocery stores, banks or post offices. Basenji September 5, , 7: Older homes are built better. Ours is an old workhorse from , built of brick, and made to last.
We have a whole wall of southern facing windows in the front room. For tax residents of France, this is levied at regular income tax rates see below. If you sell your French property during the first five years of ownership, you will be liable for capital gains tax and social charges totaling With a viager, you buy the property at sharply discounted rate, but the former has a lifetime interest in the property.
How (and How Not) to Buy a House
You may have heard of Jeanne Calment, a native of Arles. She made world headlines a few years back for a couple of reasons….
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The first was her incredible longevity. When she died in , she had reached the age of Monsieur Raffray, the man who bought Mme. He also agreed to pay her 2, francs per month for as long as she lived. Calment lived on…and on. In fact, Monsieur Raffray died at the age of 77, without ever occupying the apartment. And his survivors were legally bound by the agreement. They still had to write Mme. Calment her monthly check. In France, the buyer is typically solely responsible for all legal costs and fees incurred in relation to property transfers.
These vary, depending on whether you buy a new home or an older property. In addition, sales tax may be payable for properties less than five years old where there has been no previous sale. Contacts on the ground in France have warned us that some notaires try to charge additional fees to English speakers. Obviously, you must expect to pay more than a French person if documents need translation, but determine what the fees are before you proceed. French real estate agents are allowed to set their own commissions.
This cost may be payable by the vendor or the purchaser—there is no standard practice—but in most instances, the purchaser is liable. Commission fees are often built into the selling price. Ask about this when you make initial contact with an agent and begin inspecting properties. A point worth noting is that you can shave some euros off purchase costs by deducting the agency commission fee from the sale price and paying it directly to them. This will save on notaire costs.
This must be made clear before you sign the initial agreement. Learn more about France and other countries in our daily postcard e-letter. A Taste of France: All the Ingredients for the Good Life. Skip to content France Real Estate. Sign an Initial Contract The agent draws up an initial contract of sale, the compromis de vente. Government Tax The French government charges a tax for registering a mortgage or loan on your property.
Inheritance Tax French inheritance tax is payable by beneficiaries. Wealth Tax As of January , the old wealth tax system was abolished and replaced with a new one that only taxes real estate. Rental Income Tax Whether you reside in France or not, you will be liable for tax on any rental income earned from your French property. Income Tax Rates As of , French income tax rates are: Capital Gains Tax on Property If you sell your French property during the first five years of ownership, you will be liable for capital gains tax and social charges totaling She made world headlines a few years back for a couple of reasons… The first was her incredible longevity.