Expert Articles
WELLHÖNER
Expert Knowledge from Mülheim Real Estate Agents

Expert Articles

Our expert articles bring together more than 30 years of real estate experience from Mülheim an der Ruhr, Essen, Duisburg and Oberhausen. Whether property valuation according to ImmoWertV, WEG management, tenancy law or modernisation – here you will find well-founded expertise for owners, buyers and landlords in the Ruhr region.

Category
Estate Agents in Mülheim: Choosing the Right Agent
Guide
8 min

Estate Agents in Mülheim: Choosing the Right Agent

Anyone looking to buy or sell a property in Mülheim quickly faces a question: use an estate agent or not? This guide helps you understand the market and find the right agent.

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Finding the Right Agent for Your Apartment Sale
Guide
9 min

Finding the Right Agent for Your Apartment Sale

How do I find an agent to sell my apartment? Many owners ask themselves this question and then face an unmanageable selection of providers. Access to the profession is open, the number of agents high. This guide shows which qualifications and criteria you should check before you sign.

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Special Assessments (Sonderumlage) Explained
Owners' Academy
3 min

Special Assessments (Sonderumlage) Explained

What a special assessment is, when it is decided, how it differs from the regular HOA fee, and how owners can avoid it.

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The Property Manager's Duties for the Owners' Association
Owners' Academy
3 min

The Property Manager's Duties for the Owners' Association

An overview of the property manager's duties for the owners' association: annual budget, annual statement of accounts, owners' meeting and reserve fund management under Sections 18–29 of the German Condominium Act (WEG) – and what is often mistakenly assumed to be included.

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Property Management Costs in Mülheim
Management
8 min

Property Management Costs in Mülheim

How much does property management cost in Mülheim? We explain pricing models, typical costs per unit and what owners should look for when choosing a manager.

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Business Parks 150–300 m² Report
Market Trends
2 min

Business Parks 150–300 m² Report

Market report 2026: Development of small-scale business parks with 150–300 m² units in Germany.

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Managing Listed Buildings
Management
3 min

Managing Listed Buildings

Managing listed buildings: approval requirements, specialised tradespeople, documentation obligations and tax advantages of listed-building depreciation.

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ESG in Property Management
Sustainability & ESG
5 min

ESG in Property Management

ESG in property management: What sustainability means for owners, why stranded assets threaten value and how the CO2KostAufG affects your property.

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Land Reference Value Explained
Valuation
6 min

Land Reference Value Explained

The land reference value is a key basis for property valuation under ImmoWertV. Learn how it is determined and its impact on the market value of your property.

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Rent Brake in the Ruhr Region
Letting
8 min

Rent Brake in the Ruhr Region

The rent brake applies in many cities – but what about the Ruhr region? Legal basis, exceptions and consequences for landlords.

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Loft Conversion: Approval and Value Enhancement
Value Enhancement
8 min

Loft Conversion: Approval and Value Enhancement

A loft conversion creates living space and increases value. Building law requirements, approval process, costs and value enhancement.

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Apartments in Mülheim: Find/Evaluate
Purchase Advice
6 min

Apartments in Mülheim: Find/Evaluate

Apartment in Mülheim an der Ruhr: find, evaluate, sell or let. Which factors determine the value and which mistakes owners should avoid when selling or letting.

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Local or National Real Estate Agent?
Sales
10 min

Local or National Real Estate Agent?

Local or national real estate agent? A fact-based decision guide with clear criteria and questions to determine which type of agent fits your property.

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Energy Retrofits: A Guide for Owners
Sustainability & ESG
5 min

Energy Retrofits: A Guide for Owners

Energy retrofits: Which measures make economic sense, what legal requirements apply and how to use subsidies correctly for your property.

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Tenancy Law in the Ruhr Region
Management
4 min

Tenancy Law in the Ruhr Region

Tenancy law in the Ruhr region: Regional peculiarities regarding rent indices, the rent brake and decorative repairs for landlords in Mülheim and Essen.

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Value Enhancement via Modernisation
Valuation
6 min

Value Enhancement via Modernisation

Value enhancement through modernisation: Which measures deliver the highest value increase, how to optimise costs for tax purposes and which mistakes to avoid.

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Reference

Real Estate Glossary A–Z

Key terms briefly defined – with a direct link to the full expert article.

A

Depreciation (AfA)

Tax depreciation of the building value over its useful life – 2 % p.a. for buildings from 1925, 3 % before.

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Elevator

Strong value driver in apartment buildings – can increase the purchase price by up to 20 %.

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Apartments in Mülheim: Find/Evaluate

Apartment in Mülheim an der Ruhr: find, evaluate, sell or let. Which factors determine the value and which mistakes owners should avoid when selling or letting.

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B

BEG (Federal Funding for Efficient Buildings)

Bundles funding for heating and buildings. Application must be submitted before work begins.

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Land reference value

Benchmark value for land prices determined by expert committees – basis for property valuation.

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Business Parks 150–300 m² Report

Market report 2026: Development of small-scale business parks with 150–300 m² units in Germany.

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D

Loft conversion

Creates new living space without land consumption. One of the most profitable value-enhancement measures.

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Listed buildings

Properties under monument protection – special obligations but tax advantages and intrinsic value.

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E

Energy certificate

Mandatory for sale or letting since May 2025. Demand certificate is becoming the standard.

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Energy retrofit

Measures to improve energy efficiency – boiler replacement, insulation, windows. Often eligible for funding.

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Heritable building right

Time-limited, real right to build or use a building on someone else's land.

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Maintenance expenses

Costs to maintain proper condition – immediately tax-deductible (e.g. repairs).

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ESG

Environmental, Social, Governance – criteria for sustainable and responsible property management.

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ESG in Property Management

ESG in property management: What sustainability means for owners, why stranded assets threaten value and how the CO2KostAufG affects your property.

To article

Energy Retrofits: A Guide for Owners

Energy retrofits: Which measures make economic sense, what legal requirements apply and how to use subsidies correctly for your property.

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G

GEG (Building Energy Act)

Regulates energy requirements for buildings. Heating obligation when replacing old oil/gas boilers.

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Real estate transfer tax

Tax on property purchase. In NRW 6.5 % of the purchase price.

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H

Property management

Management of properties – commercial, technical and legal administration for owners and WEG.

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Production costs

Costs that improve the property beyond its original condition – capitalise and depreciate.

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I

Real estate leasing

Transfer of property use in exchange for ongoing lease payments – alternative to buying and renting.

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Property valuation

Determination of market value according to ImmoWertV – comparative, income or cost approach.

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K

Cap limit

Limits rent increases for existing contracts to 20 % within three years (§ 558 BGB).

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KfW funding

State grants and loans for energy renovation and home ownership – up to 20 % of costs.

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L

Land Reference Value Explained

The land reference value is a key basis for property valuation under ImmoWertV. Learn how it is determined and its impact on the market value of your property.

To article

Loft Conversion: Approval and Value Enhancement

A loft conversion creates living space and increases value. Building law requirements, approval process, costs and value enhancement.

To article

Local or National Real Estate Agent?

Local or national real estate agent? A fact-based decision guide with clear criteria and questions to determine which type of agent fits your property.

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M

Rent brake

New-contract rent may be at most 10 % above the local comparative rent. Applies across the Ruhr region.

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Tenancy law Ruhr region

Regionally differing practice regarding rent indices, rent brake and decorative repairs.

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Rent index

Overview of local rents. A qualified rent index is recognised in court.

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Modernisation

Measures that increase living value or energy efficiency – can be passed on to the rent.

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Modernisation surcharge

Passing on modernisation costs to rent – limited to 8 % of annual net rent (§ 559 BGB).

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Managing Listed Buildings

Managing listed buildings: approval requirements, specialised tradespeople, documentation obligations and tax advantages of listed-building depreciation.

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P

Property Management Costs in Mülheim

How much does property management cost in Mülheim? We explain pricing models, typical costs per unit and what owners should look for when choosing a manager.

To article
R

Rent Brake in the Ruhr Region

The rent brake applies in many cities – but what about the Ruhr region? Legal basis, exceptions and consequences for landlords.

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S

Cost approach (Sachwert)

One of three valuation methods – determines value from production costs less age depreciation.

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Decorative repairs

Painting, wallpapering etc. on move-out. Rigid schedule without condition check is invalid (BGH 2018).

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Special Assessments (Sonderumlage) Explained

What a special assessment is, when it is decided, how it differs from the regular HOA fee, and how owners can avoid it.

To article
T

The Property Manager's Duties for the Owners' Association

An overview of the property manager's duties for the owners' association: annual budget, annual statement of accounts, owners' meeting and reserve fund management under Sections 18–29 of the German Condominium Act (WEG) – and what is often mistakenly assumed to be included.

To article

Tenancy Law in the Ruhr Region

Tenancy law in the Ruhr region: Regional peculiarities regarding rent indices, the rent brake and decorative repairs for landlords in Mülheim and Essen.

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U

Understanding the Declaration of Division

What does a WEG's declaration of division govern? Private property, common property, exclusive usage rights and cost allocation explained simply.

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V

Comparative rent

Local rent for comparable apartments – upper limit for the rent brake.

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Advisory board

Body elected by the WEG to support and supervise the manager.

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Value Enhancement via Modernisation

Value enhancement through modernisation: Which measures deliver the highest value increase, how to optimise costs for tax purposes and which mistakes to avoid.

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W

Heat recovery

Ventilation system that can reduce ventilation heat loss by up to 80 %.

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Value enhancement

Increase in property value through modernisation, renovation or loft conversion.

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Owners' association (WEG)

Association of apartment owners of a building – jointly manages common property.

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Living Space Ordinance (WoFlV)

Regulates which areas count as living space – only areas above 2.00 m height count fully.

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Wellhöner Immobilienmanagement GmbH & Co. KG points out that our expert articles serve solely to provide information on various topics in the real estate industry. The contents are neither legal advice nor should they be understood as such. No guarantee is given for accuracy and completeness.

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