The long-term commitment of capital in real estate comes with risks. The return on a real estate investment depends on many parameters such as vacancy rates, rental income, interest rates, and maintenance costs, which are incorporated as assumptions in the investment calculation. With this book by Stefan Kofner, you will gain the necessary methodological tools for your real estate investment decision: you will find the right approach, select the appropriate method, and interpret the results accordingly.

Contents:

• Net present value, internal rate of return, and comprehensive financial plans
• Energy-efficient renovations, heritage restorations
• Taxes and funding programs
• Scenarios, critical values, opportunities, and risks
• Economic viability in the life cycle, real estate portfolio management
• Real estate portfolio management with practical examples

New in the 6th edition:

• Changed special depreciation for new rental housing construction, ESG, and sustainability
• Impact of the GEG on construction costs
• Representation of federal funding for efficient buildings (BEG) in the calculation examples
• Update of calculation examples regarding changed interest rates, construction, and land prices

The digital and free supplement to your book on myBook+:

• Access to supplementary materials and content
• Read the e-book directly online in your browser
• Personal library with your books.