House for sale in Velbert, Germany

As a potential buyer, you should consider the following aspects of this property: 1. Location: The property is located in Velbert, Germany, which is a quiet and residential area. It is in a hillside position, which might offer beautiful views and natural light. 2. Property type and size: This is an elegant, 1963-built, two-story home with a living area of approximately 118m². The property is considered a single-family home, offering ample space for a growing family or individuals who prefer larger living quarters. 3. Additional features: The house has a garage, which is an important plus for buyers looking for storage and protection for their vehicles. It is essential to assess the garage's condition and size to determine if it fits your needs. 4. Needs of renovation or repairs: The description mentions the presence of a "Instandsetzungsbedarf," which implies the property has some maintenance or repair requirements. As a buyer, you will need to assess these needs and determine if the projected costs align with your budget. Additionally, you may want to consider hiring a professional to inspect the property's condition to make sure you have a clear understanding of the extent of repairs needed. 5. Proximity to amenities: To evaluate the suitability of the property for your lifestyle, you should consider the proximity of the home to shops, restaurants, schools, and recreational facilities. As for real estate investment, this property's location and the need for renovations may affect its potential return. In general, properties that need repair might present a higher risk and may not offer as high a return on investment as well-maintained properties. However, if you have a strong interest in reviving older properties or capitalizing on their unique character, you might find this investment appealing. Remember to conduct extensive market research and speak with a local real estate agent or investor to make an informed decision. Ultimately, the beauty of this property and its potential benefits will depend on your personal preferences, goals, and understanding of the local real estate market.