Buying real estate is more than just the purchase price
Anyone who buys a property often first looks at the purchase price. But that's not enough for the actual load. The following are also crucial:
- Additional purchasing costs
- Financing and fixed interest rates
- ongoing costs such as property tax
- If rented, also return and rental deposit
What which computer is intended for
| computer | Key question |
|---|---|
| Construction financing calculator | How high is the monthly payment and how does the remaining debt develop? |
| Additional costs calculator | What do I have to pay in addition to the purchase price? |
| Rental yield calculator | How does the property act as an investment? |
| Rental deposit calculator | How high can the deposit be when renting? |
| Property tax calculator | Roughly what current tax burden can be expected? |
Clarify additional purchase costs first
Many financing options fail not because of the purchase price, but because of the additional costs. If real estate transfer tax, notary, land register and broker are not properly planned, a large amount of equity is quickly missing.
That's why it's worth taking a look Additional costs calculator usually before the first financing discussion.
Classify construction financing realistically
A low monthly rate seems pleasant at first. What is also crucial is how high the remaining debt is after ten or fifteen years. This is exactly where it helps Construction financing calculator: You not only see the current burden, but also how strong the repayment is.
Only consider returns net
For rented properties, the gross return is only the first step. The net return is more meaningful because it includes additional purchase costs and ongoing, non-allocable costs.
The Rental yield calculator shows both perspectives side by side.
Don't underestimate property tax
Property tax is not a one-time cost item, but rather an ongoing cost item. For landlords it is often apportionable, but for owner-occupiers it remains a relevant component of ongoing housing costs.
With the Property tax calculator the federal model can be comprehensibly summarized.
Conclusion
If you want to classify real estate costs clearly, you need several perspectives: purchase price, additional costs, financing and ongoing charges. This is exactly why Ultra-Rechner's real estate calculators have a modular design.