READING THE FILE
01What catches the eye
This third fictional case starts at €195,000. The viewing shows no urgent private renovation, but co-ownership records mention façade works.
02What the project costs
We add an educational €30,000 capital budget without claiming it would be due in a real case. Documents and contract must establish the cost’s existence, allocation and due date.
03What the calculation reveals
With €29,000 assumed costs, total cost is €254,000. Assumed rent of €950, one vacant month and €3,200 annual expenses produce €7,250 net before tax and financing.
04The decision still needs preparation
Do not decide on interior appearance alone. Understand the collective decision, financing and cost allocation in the sale. Discuss these with the property manager and notary.
Total cost€254,000
Net before tax and financing2,85 %
Cash flow before personal tax-€146 / month
Clarify collective decisions
Your apartment’s condition does not define the building’s whole budget.
The remaining questions
- Is it a proposal, a decision or a funding call?
- Which document supports the figure?
- Has the seller-buyer allocation been clarified?
