Hello everyone,
I hope I set up this topic correctly; if not, I would appreciate any advice.
A bit about me:
I am 24 years old, trained as an industrial clerk, worked for two years, and will complete a further qualification in business administration this June. So far, I live with my two dogs at my parents’ house, but once school is finished and I have a steady job again, it will be time to move out.
I’ve also been in a relationship for two years, although my boyfriend actually lives about 140km (87 miles) away. He spends so much time at my place that you could almost say he lives here.
Now to my actual problem. I own a plot of land that borders directly onto my parents’ property. It is currently serviced with utilities but remains undeveloped.
On the one hand, I don’t want to move into an expensive rental apartment and “finance a good life for the landlord” (I don’t mean this harshly,...), but on the other hand, I’m unsure if it makes sense to build so early.
Considering that landlords are probably not keen on tenants with two dogs, the question is whether my boyfriend and I would even be able to find an apartment.
I know there are countless online discussions about whether it makes sense to buy a house at a young age, but I haven’t found anyone who already owned a plot of land.
Best regards,
AnjaR93
I hope I set up this topic correctly; if not, I would appreciate any advice.
A bit about me:
I am 24 years old, trained as an industrial clerk, worked for two years, and will complete a further qualification in business administration this June. So far, I live with my two dogs at my parents’ house, but once school is finished and I have a steady job again, it will be time to move out.
I’ve also been in a relationship for two years, although my boyfriend actually lives about 140km (87 miles) away. He spends so much time at my place that you could almost say he lives here.
Now to my actual problem. I own a plot of land that borders directly onto my parents’ property. It is currently serviced with utilities but remains undeveloped.
On the one hand, I don’t want to move into an expensive rental apartment and “finance a good life for the landlord” (I don’t mean this harshly,...), but on the other hand, I’m unsure if it makes sense to build so early.
Considering that landlords are probably not keen on tenants with two dogs, the question is whether my boyfriend and I would even be able to find an apartment.
I know there are countless online discussions about whether it makes sense to buy a house at a young age, but I haven’t found anyone who already owned a plot of land.
Best regards,
AnjaR93
AnjaR93 schrieb:
On one hand, I don’t want to move into an expensive rental and “finance a good life for the landlord” (I don’t mean this too harshly…), but on the other hand, I’m not sure if it makes sense to build so early?
Primarily, you are financing a good life for yourself if you find a nice apartment. You save a considerable amount of money compared to owning a house and remain flexible. If money is not an issue and you are willing to give up something else to achieve a higher standard of living, then building can be an option to consider.
G
garfunkel19 Mar 2018 20:59I think that is simply too early.
Only after renting for a while can you better assess what you really value in a property.
This way, you remain flexible—maybe you’ll want to move somewhere else after all. You just can’t predict that in advance...
Even if the money were fully available, I would think carefully about it at a young age.
A house ties you to a location, and changing that is not as easy or quick as ending a rental agreement.
Only after renting for a while can you better assess what you really value in a property.
This way, you remain flexible—maybe you’ll want to move somewhere else after all. You just can’t predict that in advance...
Even if the money were fully available, I would think carefully about it at a young age.
A house ties you to a location, and changing that is not as easy or quick as ending a rental agreement.
I agree with the previous speaker that living experience is extremely helpful when planning a house. Your youth worries me less—what concerns me more is that your upcoming completion of further training will bring career opportunities that may not fit well with staying in one location. You shouldn’t limit your options, so to speak. ;-)
A few years of professional experience will give you a clearer idea of where your career might go, and you’ll still be young enough for big plans. Meanwhile, living in rental apartments can help you develop more concrete ideas about what belongs in your own home and what is less important. Being able to build more "purposefully" will save you more than making a landlord richer during that time.
Still, I’m glad to see you thinking about such "grown-up matters" at a young age. This mindset will serve you well, but it doesn’t have to immediately translate into owning your own house.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
A few years of professional experience will give you a clearer idea of where your career might go, and you’ll still be young enough for big plans. Meanwhile, living in rental apartments can help you develop more concrete ideas about what belongs in your own home and what is less important. Being able to build more "purposefully" will save you more than making a landlord richer during that time.
Still, I’m glad to see you thinking about such "grown-up matters" at a young age. This mindset will serve you well, but it doesn’t have to immediately translate into owning your own house.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
T
Traumfaenger19 Mar 2018 22:17I agree with @11ant, at 24 you should not give up the freedom to live and work anywhere you want at any time. But if you have the capital, I would build and rent out, possibly with the help of your parents. They live next door and can keep an eye on the property ;-) If you can start building your real estate portfolio at 24, that is a solid foundation for your future life. And the Augsburg area is certainly attractive enough to build rental properties there.
Traumfaenger schrieb:
If you can start building your real estate portfolio at 24, that’s a solid foundation for your future. And the Augsburg area is certainly attractive enough to build rental properties there. No: I don’t think it’s wise to develop the plot right now—before gaining the experience I advised waiting for, as explained above. The plot retains its value even undeveloped and also remains available as a basis for your own home once you have the valuable living experience to plan properly.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/