Buying or renting real estate?
A change in your own living situation should be well thought through. The main criteria for the decision are your own financial cushion, personal income, work and family situation and individual lifestyle. Last but not least, the desire to buy or rent a property is always a question of type. In any case, you should consider a few things, because both buying and renting bring various advantages.
Advantages of buying real estate:
- Real estate has practical and emotional benefits. Whether it’s a house or an apartment, unlike investing money in stocks, you can live in a property and make it a home for your own family.
- As an owner, you are not dependent on a landlord. You make your own decisions about your property and do not pay rent.
- Owning your own property provides a solid retirement plan.
- In good locations and sought-after cities such as Salzburg or Vienna, property values can be expected to increase in the future as well.
- Rents have been rising steadily for years, especially in sought-after locations. Owners, on the other hand, repay fixed loan installments that actually tend to decrease rather than increase over the years.
- Rent payments do not help build your own wealth.
What you should consider around renting houses and apartments and what advantages real estate renting brings, you can read here. (LINK TO “Real Estate Rentals”)
There are many reasons to buy real estate:
- Personal goal: For many people, owning their own apartment or house is a lifelong dream.
- Safe investment: Real estate is considered a safe investment, especially in times of crisis.
- Pension provision and asset growth: In sought-after cities, such as Vienna or Salzburg, residential property is continuously gaining in value. In recent years, property owners have been able to sell houses, apartments and other real estate at a profit.
- Favorable financing options: The persistently low level of interest rates enables favorable financing for home ownership.
Find your second home and exclusive investment properties
If you want to invest your capital in real estate that is not (permanently) owner-occupied, you make your choice according to somewhat different criteria. Here it makes a difference whether you are looking for a second home such as a vacation home, an alpine hut or a second home, a building plot for the next generation or a profitable investment property. In the first case, your own preferences and the needs of your family play a major role in the choice. Building plots and investment properties are selected according to more rational criteria.
As the real estate office of Alexander Kurz, we have been serving demanding clients for over 40 years. We understand your wishes and needs and have an exclusive network throughout Austria and beyond. Our specialists will advise you personally on the purchase of your dream property in Salzburg, Kitzbühel and Vienna as well as in the Salzburger Land, Bavaria and the Salzkammergut.
We will be happy to introduce you to exquisite vacation homes and high-quality city apartments, vacation homes, country estates, alpine huts, forest estates and hunting lodges as well as lakeside properties in prime locations. If you are looking for investment properties with high returns, a building plot or a suitable commercial property, we are also your reliable partner. Arrange your consultation appointment now!
