Recent content by kit_escrow

One practical way to keep this manageable is to request the same short format from everyone: district and approximate address, floor and access, usable area, present condition, occupancy status, tenure, recurring charges, asking price, ownership confirmation and representative authority if...

One more modelling trap: if acquisition costs sit outside the €920,000 but are omitted from the yield denominator, the return on your actual cash outlay will be lower than the advertised 6.2%. Keep both figures visible—yield on price and yield on total investment—so nobody talks past each other.

I partly disagree about putting too much weight on the seller’s asking-price rationale. An off-market owner may have a personal figure rather than a detailed comparison, and that alone does not make the condo unsuitable. The important part is whether the price makes sense to you after comparing...

How old is the building, and can you inspect the unit below or speak with the condo management about previous leaks? That may tell you more than a general visual survey. Also clarify whether the bathrooms and kitchen stay in their current positions. Moving plumbing would make the €130,200 much...

Given that cosmetic work can slip, I’d split the plan into essential and deferrable packages. Resolve water, moisture and electrical findings first, then lock in bathroom and kitchen orders only when dimensions and routes are confirmed. Flooring and paint should come later so they are not...

My practical order would be: verify the lease or rental evidence; obtain itemised building charges and recent accounts; identify planned common works; price insurance and tax; confirm management fees; then rerun the model using total cash invested. Only after that would I negotiate against the...

One caveat to the vacancy stress: a longer lease can reduce turnover costs, but it can also lock in weak economics or awkward obligations. The lease wording, indexation arrangements and allocation of expenses matter at least as much as the number of years. Those points need local review rather...

That’s the sensible sequence. I’d also ask the inspector to distinguish an active problem from something merely old, because “replace eventually” should not consume the same first-year budget as a leak or failure. Julia, if urgent work plus moving and initial payments would cut deeply into the...

Also ask for the building’s recent accounts and planned works rather than relying on appearance. A sound-looking unit does not tell you whether common areas, roof, façade or building systems could require owner contributions. Your larger-repair reserve should reflect that information, not just a...

Start with the annual €56,976 and subtract only costs genuinely borne by the owner. Separate recurring building charges, management, insurance, property tax, maintenance and vacancy from tenant-paid items. Then show financing below that line. Otherwise it becomes difficult to tell whether the...

I have checked current Vienna advertisements and found figures around €2,808, but I still do not know whether that represents an achievable market rent for this apartment. The existing tenant pays about €2,219, pays on time and looks after the place. There is a substantial maintenance list as...

That’s fair, but portability still needs a close reading rather than being treated as a bonus. Does it apply if the replacement property, loan-to-value or borrowing amount changes? If the answer is heavily conditional, I’d value it at zero in the comparison and treat any benefit as upside. The...

Also clarify the ownership or lease structure and, if a lease is involved, its remaining length and terms. That is potentially more important than fine-tuning a floor-area adjustment. A large unit at a low headline price is not necessarily cheap if the tenure limits its value or financing options.

What loan-to-value tier are you in, and are the arrangement fees fixed amounts or percentages? Those two details could explain much of the gap from the advertised rate. I’d also ask each lender for the same loan amount and repayment structure; otherwise even monthly-payment comparisons can be...

The floor-area inconsistency would worry me more than the duplicates. Are the conflicting figures simply repeated differently, or could they represent different ways of measuring the property? Until that is clear, price per square metre comparisons may be misleading. I’d keep a separate note of...