Buying my first home in Munich! (prices + costs + empty apartment tour) | AHHH IT COSTED SO MUCHHHHH
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- čas přidán 7. 06. 2024
- Hi guys, I did a really grown-up thing!!!! I bought an apartment!
In this video I will be sharing with you:
• an empty apartment tour (what it looks like)
• how much it costed me (and what you can expect for real estate prices in and around Munich)
• the ancillary costs involved in this transaction (buying a property) that is typical in Bavaria, such as real estate agent commission, land registry fees, transfer tax, notary fees.
Hopefully, this information can give you some idea of how the property values in and around Munich is like should you want to find something of your own too!
Thanks for watching, subscribe to stay updated :)
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TIMESTAMPS:
0:00 Intro
0:19 Video content breakdown
1:16 Property basics
1:46 Apartment sqm
2:05 Empty apartment tour!
5:11 How much this property costs
5:24 Other fees in this transaction
6:04 One last thing...
#germany #apartmenthunting #realestate #munich #vlog
TIMESTAMPS:
0:00 Intro
0:19 Video content breakdown
1:16 Property basics
1:46 Apartment sqm
2:05 Empty apartment tour!
5:11 How much this property costs
5:24 Other fees in this transaction
6:04 One last thing...
Good luck in your fabulous but very pricey new home. I look forward to seeing your decor improvements in future videos. Well done and I’m very jealous of your beautiful balcony space too. All the best
Hi. New here! Wowwww. Congratulations!!! 🎉🎈🎊🍾 on your new purchase!!! I can’t wait to see how you decorate it!!! I love to bring rooms to life and these are definitely a challenge I know I would accept!!!
Thanks Nicole! It’s proving to be a challenge for sure as we are DIYing as much as possible, but we are having fun 😊 can’t wait to share our progress online!
I’m moving to Germany next year and am liking to own a home near Munich as well! The stars aligned sending me this video!!!
Can't wait to see it when it's all furnished and set up 🙌
Haha me tooooo, it's a much bigger place to furnish than my last apartment so it takes longer 😁
Congratulations!!👏🏾👏🏾! What a lovely step to make! So glad I found this channel.😊
What’s the minimum one can put down as deposit?
Thanks! The minimum is to have enough to cover the transaction costs like taxes, agents etc
But obviousy the more you can put down, the better rate you get for your mortgage!
I would love to see your journey to decorate your new home!
Perfect! I have an apartment update video coming this weeeeek!!
@@baixu so excited about it!!! I really love your architecture style and taste and how you talk about decoration. I also wish to have more details about the items you bought (e.g,, link to the purchase website) so I can buy the same stuff 😆
that's a great idea, I should list the items from the videos in the description so others can find them too! Thank you 😊😊
Appreciate your openness in sharing the numbers! That provides a lot of clarities. Although there are a lot of written info online but your video speaks like no one else. Thanks again. If you don’t mind to share, how far is it from city centre?
You are so welcome!
I won't give away the exact location of where I live, but I can say that it is far outside the city! There is a S-bahn station nearby, takes maybe 30mins to drive to the centre or 40 mins by public transport.
I randomly run into your channel and absolutely love it. Expect more subs and views soon. Keep up with great content!! I'm a fan of your apartment design and decoration.
Congratulation on your journey becoming a home owner. Living in your own place must feel a lot different and satisfaction. Definitely a huge improvement in your lifestyle. I hope your mortgage contract was concluded before the rates hike, otherwise, your monthly payment can be easily 2x at the current rate in 2023. Price per sqm is not bad for your apartment, so don't be too harsh on yourself. A garage in new apartments are being sold at 30-40k each!
I think I can probably guess the location from the information you shared. Even though you feel you live far away from Munich city center (+30km), the location is very good with public transportation connection and by car thanks to the autobahn, in addition to being relatively close to the lake and mountain during summer time. I know Munich property price is really crazy, but you get what you pay for. Everything that is close to the sbahn is expensive nowadays.
A question for you if you don't mind sharing. How old is the house?
Again, thanks for sharing and looking forward to more videos from you!
Thanks for the comment!
Yes thankfully we got our mortgage before the spike, when rates were still quite low.
Our property is around 20 years old, so not brand new but also in fairly decent condition 😊
The whole time watching the video I was so curious about the price 😬 because it looked really big and modern I was expecting a huge amount 😅 but the actual price was even more crazy 😨
Haha yeah Munich area is not the easiest place for a first time buyer 😅
Super useful video! I was wondering how much it costs because the home is gorgeous ! Enjoy it!
Thanks so much! 😊
Congratulation!!! It is great house!
Thank you!! It definitely has some interesting characteristics and we are trying very hard to make it a home :)
Beautiful apartment!
Thanks!!! 😊
What a beautiful appartment! 😍 so happy for you!
can’t wait for a house warming party 😉
I can't wait till it's ready so I can have you round without feeling embarrassed at how messy it is!
The way they designed the ceiling is crazy, it makes me claustrophobic.
It has for sure been more challenging to furnish!
like it,what a well footagge-mate, 💪
Do I feel like a failure of an adult person after watching how amazing this property looks? Yep.
Did I enjoy it because your videos are 🆒⬆️✔️🔝??? Yeah that too.
Btw I love my room in your appartment. So willing to sleep there soon (I am just postponing my trip to Munich until the renovation is finished).
Xoxo
Same here. I had a little breakdown inside because I never even had that much money in my account 😅😅
How does buying a floor in a house work? Is it like a lease? Can you explain for less informed viewers 😊
Hi! I recently discovered your chanel. I was wondering if You thought about making a video, comparing working as an architect in UK and Germany, which one you prefer, pros, cons etc? Would love to watch it. All the best 😊
Hiya! That’s a nice idea, thank you for the suggestion! 🤩
Hi, Is it enough space to live for the family of 4 as per German law? Myself, wife and two sons 15 and 17 years old? We are planing to immigrate due to studies of my son for 3 to 5 years. How much is monthly installment? what was salary requirements for expats?
Hi, an apartment like this is enough for 4 people, as there are 3 bedrooms: 1 large bedroom for your and your wife, and a bedroom each for your 2 sons.
We are currently only 2 people so one bedroom is a guest bedroom and another is a home office, so you if you work from home often, you may need an additional room.
Salary requirements and monthly instalments depends on the price of the property, how much you put down as a down payment and how much mortgage you wish to take out, and the interest rate on the loan, so it is difficult to say.
Best to decide on a price range you are willing to pay for a property and contact banks for the mortgage rate!
Nice apartment
Thanks!! 😊
Wow.. the apartment is gold.. do you still live there?
Yes I doooo! And we are still decorating 😅🙈 it takes so long
Please I also want to buy on of this house.. Can you help help me?
Hi. Can you please tell if a family of two earning around 70k each would be able to afford this apartment. Was curious how you could afford such a big apartment
Hi Abhinil, to find out, you should speak to a mortgage advisor at your bank! It depends a lot on:
- interest rate for borrowing
- you and your partners salary
- how much money you can put down as an initial down payment
- how long the mortgage is fixed for
- how much you want to pay off the mortgage every month
We spoke to a couple of banks until we found one with terms that we could afford (for now) 😅
@@baixu If you do not mind can you share how much money you guys had to give as down payment
Anything is actually possible, you don’t even need to put any money down initially! Just need to have enough to cover the transaction costs, but it will increase your cost of borrowing so your monthly payment goes up😖
@@baixu oh ok thanks
This for 800K.
Isn't it on the expensive side?
Layout is fine but sloping roof really cuts a lot space.
I am sure you'll make this place look good too.
It’s closer to 900k than 800k 😭 and yes!! It is totally on the expensive side 😭😭😭
Unfortunately it is the prices you get for Munich area, to buy a home the price ranges from 8k-13k per sqm to so there’s not much choice!
If you wanna rent this house, how much will you ask for?
I haven’t thought about it, as we don’t have any plans to move for a while! But the rent prices in the Munich area are pretty steep 😅
I have a few videos on my channel of different apartments where I share the rent for the place!
ТЫ ОЧЕНЬ КРАСИВАЯ!
Bei den immobilienpreisen ? Aber schicke Wohnung
Thanks! The price is shown at 05:11!
Wow congratulation gal you must be earning a good salary to afford that huge sum of €€
Haha 🙏 thanks! My partner is the high earner! And we took out a big big mortgage 💸
You did not take credit? How can you have so much money at such a young age? Did you play in a Hollywood movie?
We did! We took out a mortgage loan for this apartment.
That's just beyond expensive for small apartment.
I know, I agree. And we don’t even live in the city centre! Munich is just incredibly pricey unfortunately.
That's a lot of money. But the house is very nice.
Congratulations, Munich has the highest rent and prices and has the worst air cleanliness( Pollution) compared to many other Cities and in Summer you tend to choke on the fumes, so much so that most Munich people flee the City to Garmisch or Lake Garda in Italy every weekend!
Obviously you are rich and can do as you like, Munich is a great City and I hope you enjoy yourself in Munich, just wait until you get a 38 Degree C Summer and -15 Degree Winter.
The climate changes are pretty drastic and on a day by day change with all 2 seasons on that day,
``7 Months Winter and 5 Months cold!´´
That´s Bavaria and Munich.
Only fans...channel?