What is an appropriate maintenance fee for a condominium?
Image by Oliver Putz from Pixabay When investing in real estate, the maintenance fee (“Instandhaltungsrücklage”) is an important matter when it comes to the maintenance and upkeep of your real estate assets. But how high should it be, what exactly is this maintenance fee, and which part of the maintenance costs is already covered by the common charge for the condo? In today's article, we want to approach exactly these questions and clarify essential aspects around the topic of a maintenance fee for real estate. We will also take a look at why it is crucial for you as an investor to properly account for the maintenance fee in your yield calculations when checking a buy-to-let property. What is the maintenance fee? The maintenance fee is money that you, as the owner of a condo, pay and set aside to cover the maintenance costs of the property. In Germany, the maintenance cost for a condominium consists of two parts: The maintenance fee for the common property and the maintena...