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Real Estate in Bonn, Germany | Digital Nomad Exchange
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Real Estate in Bonn, Germany

By Joshua Wood, LPC

Last updated on Sep 05, 2024

Summary: Expats and retirees talk about real estate in Bonn, Germany? How do you find a home in Bonn? Should you buy or rent? What is the cost of housing?

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How do I find a place to live in Bonn?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Bonn, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared apartment to a full house, depending on your needs and financial situation. Next, you should start your search online. Websites like ImmobilienScout24, WG-Gesucht, and Immowelt are popular platforms for finding housing in Germany. These sites allow you to filter by location, price, size, and other features. You can also look at local newspapers and bulletin boards in supermarkets or universities for housing ads. If you're moving to Bonn for work, ask your employer if they offer any assistance with finding housing. Some companies have relationships with local real estate agents or offer relocation packages that include housing assistance. If you're a student, check with your university's housing office. They often have resources for students looking for housing, including dormitories or shared apartments. Once you've found a few potential places, arrange to view them in person. This will give you a better idea of the space and the neighborhood. Don't forget to ask about additional costs like utilities, internet, and maintenance fees. When you've decided on a place, you'll need to sign a lease. Make sure to read it carefully and understand all the terms before signing. In Germany, it's common to pay a security deposit of up to three months' rent. Finally, once you've moved in, you'll need to register your new address with the local authorities. This is a legal requirement in Germany and can usually be done at the local Bürgeramt (Citizen's Office). Remember, finding a place to live can take time, so start your search well in advance of your move," explained one person living in Bonn, Germany.

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What is a typical expat home or apartment like in Bonn?

"A typical expat home or apartment in Bonn, is often located in a quiet, residential neighborhood, close to public transportation. These homes are usually modern and well-maintained, with a blend of traditional German architecture and contemporary design. They often feature spacious living areas, fully equipped kitchens, and one or more bedrooms. Some apartments may also have a balcony or a small garden. The homes are usually furnished, but unfurnished options are also available. They often come with amenities like high-speed internet, heating, and sometimes, a parking space. The buildings often have a communal laundry room and a bicycle storage area. The homes are usually close to local amenities like supermarkets, restaurants, and schools. Some expat homes may also be located in more upscale areas, offering views of the Rhine River or the Siebengebirge hills," said one expat who made the move to Bonn.

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What is the average cost of housing in Bonn?

If you are thinking about moving to Bonn, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The average cost of housing in Bonn can vary greatly depending on the area and type of housing. For a one-bedroom apartment in the city center, the average monthly rent is typically around €700 to €900. If you're looking at a three-bedroom apartment in the same area, you could expect to pay between €1,300 and €1,800 per month. Outside the city center, the prices drop significantly, with a one-bedroom apartment costing around €500 to €700 per month, and a three-bedroom apartment ranging from €900 to €1,300 per month. If you're looking to buy property, the average price per square meter in the city center is approximately €3,500 to €5,000, while outside the city center it's around €2,500 to €3,500," explained one expat living in Bonn, Germany.

Should I buy or rent a home in Bonn?

If you have not spent a lot of time in Bonn, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Bonn, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Bonn for a long period, buying a home could be a good investment. Owning a home provides stability and the opportunity to build equity over time. It also allows you to make changes to your property as you see fit. On the other hand, renting a home in Bonn offers more flexibility. If you're not sure about your long-term plans or if your job requires you to move frequently, renting might be a better option. Renting also means you won't have to worry about maintenance costs or property taxes, which are typically included in the rent. Financially, buying a home requires a significant upfront cost, including a down payment and closing costs. However, mortgage payments can sometimes be comparable to rent prices, especially with low-interest rates. Renting, on the other hand, usually requires less money upfront, but you won't build equity over time. In terms of lifestyle, owning a home comes with more responsibilities, such as maintenance and repairs. Renting is generally less hassle, as these responsibilities typically fall on the landlord. In conclusion, whether you should buy or rent a home in Bonn, Germany, depends on your financial situation, long-term plans, and personal preferences. It's important to weigh the pros and cons of each option before making a decision," explained one person living in Bonn, Germany.

About the Author

Joshua Wood Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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