Will you rent or buy an apartment in Denmark?

Sometimes you’re just lucky.

While you’ve likely rented or have bought an apartment in your home country, you may find things a little different in Denmark as you have yet to build a community or network you can rely on. There are several things you want to consider before investing in an apartment; if you can answer the following questions, you’re on the right track.

  • Do you care if the apartment is new or old?
  • Is it the location or the apartment that’s the most important for you?
  • How far away is the apartment from the city centre, your university, or your job?
  • How big is your budget?
  • What’s included – is it just rent or are any utilities included?
  • What’s normal to pay for such an apartment?

You may have an easier time finding an apartment if you’re able to buy. Contact a real estate agent such as:

Going through a real estate agent can be the easiest option. If you feel comfortable skipping the agent, you can save money by contacting the sellers directly through Boliga or Selvsalg.

Since the financial crisis, the economic history and state of employment of potential home buyers must be considered. According to Danish law, a real estate loan can cover up to 80 percent of the price – people generally pay the remaining sum with cash or by using a bank loan.

Pre-paid rent and deposit
Before you move into an apartment, you often have to pay 3 months rent plus a deposit. It’s quite an amount and the sum of the deposit is often bigger than the 3 months pre-paid rent. You’ll get the deposit back, or most of it, if the apartment is in the same shape as when you moved in.

How to avoid getting cheated
From time to time there are terrible stories about people who have lost a lot of money. The best advice is to avoid signing contracts and transferring over deposits and rent before getting keys to the apartment.

You may also google the person or company before you sign the contract – partly in order to make sure the person or company actually exists, partly in order to read reviews to see if anyone has had negative experiences.

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