ᐅ Buying a Plot of Land with Your Parents – Is It a Good Idea?

Created on: 27 Mar 2018 13:15
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Paliim
Hello dear forum community,

We want to build a house in the northern part of Berlin or Brandenburg and have found a really beautiful plot of land. It is 2000 m2 (approximately 21500 sq ft) with forest and garden, of which 1000 m2 (approximately 10750 sq ft) is designated as building land. However, land is so expensive there that we are considering developing this property together with my parents.

We get along well with my parents, and my wife has no objections either. There would be financial advantages in sharing costs for heating, garden maintenance, carport, purchase price, and much more. Additionally, there are softer benefits related to babysitting, organizing daily life, and so on.

My parents live in a region in Saxony-Anhalt that is slowly depopulating, and they are probably already thinking about the support they might need in 20 years when they are in their late 70s.

However, being close to my parents could also be challenging. Is there anyone here who has done something similar?

What are your experiences? Can something like this work well?
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ypg
27 Mar 2018 15:07
How much are you actually allowed to build? In rural areas, the floor area ratio is usually 0.1 or 0.2... so for 1000 square meters (approximately 10,764 square feet), the maximum would be 200 square meters (approximately 2,153 square feet).

So, what do the floor area ratio and plot ratio indicate?
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ypg
27 Mar 2018 15:09
Wickie schrieb:
By the way, these are also points that can significantly complicate a later sale if you share any technical systems between two houses/units!

Wow, there are very nice houses where two residential units share technical systems. If the location and price are right, you wouldn’t say no to such an attractive living arrangement, would you?
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Paliim
27 Mar 2018 15:25
ypg schrieb:
How much are you actually allowed to build? Rural areas usually have a floor area ratio of 0.1 or 0.2... so for 1000 square meters (10,764 square feet) it would be a maximum of 200 square meters (2,153 square feet)...

So, what does the floor area ratio / floor space index say?


The floor space index is 0.4, so it should be fine.
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Wickie
27 Mar 2018 15:37
ypg schrieb:
Wow, there are some very nice houses where two residential units share one set of technical systems. If the location and price are right, you wouldn’t say no to that if it offers a pleasant living experience, would you?

But if I could plan it in a new build, I would definitely avoid it. From my current apartment, I realize that having separate technical systems definitely makes selling much easier.
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Matthew03
27 Mar 2018 15:42
Communication beforehand is simply crucial here.

We are building in the extended garden of our parents-in-law, but both houses are about 70 meters (230 feet) apart, with outbuildings in between, so you can’t even see each other at first. In summer, it might happen occasionally that you do. The part of the garden used by the parents-in-law, including the terrace and barbecue area, is practically our “neighbor,” as they spend a lot of time there; however, an existing embankment separates the two properties. This natural privacy screen was and still is important to us.
And not only to us, but also to them... that is the crucial factor. We had already said we want to have our peace and quiet, and the other “side” feels the same way, even though we get along very well.

Discuss everything in advance, then decide if you want that. Building door-to-door wouldn’t have been my choice, but as described above, this setup is absolutely right for us. The decision is ultimately yours, feedback or not 😉
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Escroda
27 Mar 2018 20:08
Paliim schrieb:
The floor area ratio is 0.4
Hopefully, the site coverage ratio is meant; otherwise, space could become quite tight.