And annual accounts alone are backward-looking. Read the recent meeting minutes and ask about proposed works, disputes and decisions not yet reflected in the latest figures. I would rather see several ordinary documents than one reassuring monthly number.
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Berlin apartment at €676,200: closing-cost blind spots
- Thread starter eli_lark
- Start date
Insurance is another question for the association or adviser: what building cover already exists, what the owner must arrange separately, and whether the proposed use changes anything. No need to assume extra policies—just avoid either duplicating cover or leaving a gap.
If purchase funds or income come from outside the euro area, add currency conversion and transfer charges to the practical budget. Ask the bank and transaction professionals early what funding information they require, so an administrative issue does not disrupt the expected completion timetable.
followTheOak
Property investor
Language costs can be easy to overlook. If any party does not fully understand the transaction language, ask in advance what explanation, translation or interpreting will be required, who may provide it and who pays. Don’t wait until the signing appointment to discover the arrangement.
I’d send advisers one page containing the €676,200 price, intended use, financing, residence, proposed owner and likely holding period. Request: an itemised completion estimate, payment timeline, annual-cost documents, building restrictions, sale scenarios and inheritance questions. That should expose omissions without pretending every future liability can be priced today.