Hello everyone,
We have purchased a condominium from the developer. The construction work on the apartment is almost complete, and the developer is currently preparing for the handover. The schedule is roughly as follows:
However, we are wondering if this schedule is realistic at all or if it would be better to plan the move for January to allow enough time in case there are any delays. This also concerns the termination of our current rental—end of December or end of January?
How much time did you plan between handover of the house/apartment and moving in? What are your experiences or recommendations?
Thank you very much for your help!
We have purchased a condominium from the developer. The construction work on the apartment is almost complete, and the developer is currently preparing for the handover. The schedule is roughly as follows:
- Walkthrough of the apartments by the buyers without the developer (next week)
- Repair of any defects by the developer
- Handover of the outdoor areas (mid to late November)
- Handover of the individual apartments (expected early December)
However, we are wondering if this schedule is realistic at all or if it would be better to plan the move for January to allow enough time in case there are any delays. This also concerns the termination of our current rental—end of December or end of January?
How much time did you plan between handover of the house/apartment and moving in? What are your experiences or recommendations?
Thank you very much for your help!
M
Mottenhausen2 Oct 2019 15:09Also risk versus money.
Compare both worst-case scenarios financially:
Option A: 2 to 3 months longer rental period = xxxx€ rent "lost"
Option B: 2 to 3 months temporary accommodation, additional costs for double moves, storage, issues with changing official residence registration with authorities, insurance, etc. = xxxx€ "lost"
Which option do you think is more expensive?
By the way: it’s a pity about the finished landscaping when the wastewater management requires an additional handover and collection chamber to be installed on the property, so in February the excavator has to come back and dig a 4m (13 feet) deep hole right in the middle, unfortunately cutting through the telephone line, and in the end the whole garden has to be dug up. All of this can happen.
Compare both worst-case scenarios financially:
Option A: 2 to 3 months longer rental period = xxxx€ rent "lost"
Option B: 2 to 3 months temporary accommodation, additional costs for double moves, storage, issues with changing official residence registration with authorities, insurance, etc. = xxxx€ "lost"
Which option do you think is more expensive?
By the way: it’s a pity about the finished landscaping when the wastewater management requires an additional handover and collection chamber to be installed on the property, so in February the excavator has to come back and dig a 4m (13 feet) deep hole right in the middle, unfortunately cutting through the telephone line, and in the end the whole garden has to be dug up. All of this can happen.
G
Grobmutant2 Oct 2019 15:28Alternatively, you could try speaking openly with your current landlord. Maybe they won’t insist on the three-month notice period if a new tenant is found quickly enough. Or perhaps there is a new tenant who is flexible regarding the move-in date and would be willing to move in "anytime" between January and April.
In Munich, the demand should be high enough.
In Munich, the demand should be high enough.
N
NeuMünchner2 Oct 2019 16:30Mottenhausen schrieb:
So it’s a question of risk versus money.
Compare both worst-case scenarios financially:
Option A: 2–3 months longer rental period = xxxx€ rent "lost"
Option B: 2–3 months temporary accommodation, extra costs for double moves, storage, issues with changing address registration at authorities, insurance, etc. = xxxx€ "lost"
Which option do you think is more expensive?We made exactly this calculation. And with option B, we come out much cheaper. With the money saved, we could easily have a cabinet custom-made. Option A is definitely less stressful and lets you sleep more peacefully.Grobmutant schrieb:
Alternatively, you could try speaking openly with your current landlord. Maybe they wouldn’t insist on the three-month notice period if a new tenant is found quickly. Or perhaps there is a prospective tenant who is flexible about the move-in date, so they could move in "anytime" between January and April.
In Munich, demand should be high enough for that. Yes, that would be nice. However, I assume the landlord will choose not the most flexible but the most financially reliable tenant.H
hampshire3 Oct 2019 20:34NeuMünchner schrieb:
We are wondering if the schedule is realistic at all and if it might be better to plan the move for January to allow enough time in case there are delays somewhere. This also concerns the termination of the current rental contract – should it be at the end of December or the end of January?
How much time have you planned between handing over the house/apartment and moving in? What are your experiences or recommendations?The schedule is realistic and ambitious. What happens if it doesn’t work out? You might have to live with some unfinished areas in the home and do a bit of box-tetris to, for example, get the kitchen installed. That doesn’t bother me at all – so I wouldn’t have any problem with an early termination. Others hate improvising and start feeling stressed once the amount of chaos reaches a certain level. In that case, it’s better to terminate later. As often, it comes down to personal preference.N
NeuMünchner4 Oct 2019 11:32Muc1985 schrieb:
I'm curious, @NeuMünchner. Where in Munich will your new home be located in the future?The new apartment will be in Aubing (more precisely in Altaubing).Similar topics