Holiday property costs
Service charges, taxes, insurance - that's what a holiday home costs
Even after buying your own holiday property, there are still costs for owners. Whether it's second home tax, insurance, maintenance costs or management commission - Meine Ferien Immobilie shows you the costs associated with your holiday property and how best to factor them in.
Ancillary costs for holiday properties
Holiday properties are usually rented including all consumption costs such as water, heating etc.. As a landlord, you must therefore deduct this warm rent from the monthly rental income or include it directly in the rental price. However, there are other additional costs that you should bear in mind.
Second home tax for holiday homes
If you have a holiday home next to your main home and do not want to rent it out for most of the year but also want to use it yourself more often, you will be liable for second home tax. Depending on the municipality, this can range from 5% in Berlin and up to 23% in Überlingen on Lake Constance.
Holiday property insurance
A holiday property should be just as well insured as your main residence. This includes buildings insurance, household contents insurance and, especially for holiday homes by the sea or in the mountains, natural hazard insurance against the forces of nature. Public liability insurance also protects you against claims from tenants in the event of damage on site.
Hidden costs for holiday properties
The hidden costs of a holiday property include, for example, maintenance costs. These are usually higher than for an owner-occupied property, as the fact that the property is rented out on a weekly or daily basis means that there is more wear and tear on furniture, etc. Also not to be underestimated are the administrative costs for a local service provider who takes care of everything from handing over the keys to caretaker services and final cleaning.