ᐅ Finding Affordable Building Plots, Alternative Solutions Possible
Created on: 3 Apr 2022 20:37
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Peter Pohlmann
I attended a training course located in the middle of an industrial area between Salzgitter and Hildesheim. There was a large sign at the entrance advertising commercial plots for 20.95 euros per square meter (about 1.95 square feet). And what did I find right in the middle of it?
A really nice single-family house with a double garage, a well-maintained garden, and a large plot of land. But how is that possible? There was no sign of commercial use.
After doing some research, I found out that many municipalities sell commercial land at very low prices, significantly cheaper than regular residential building plots. And there is especially plenty of commercial land available. A house can also be used as a home office, and a business license costs 25 euros. Basically, almost every photovoltaic system operator is considered a business owner.
In my hometown, there are also beautiful commercial plots available very cheaply, with excellent and unobstructed views. Such great residential plots are hard to come by.
This way, you can potentially acquire a very affordable plot, possibly larger in size, and have some advantages. A house with an office can also be classified as a commercial property. Of course, it always depends on the situation. You wouldn’t want to build right next to a logistics company that operates 24/7, though.
A really nice single-family house with a double garage, a well-maintained garden, and a large plot of land. But how is that possible? There was no sign of commercial use.
After doing some research, I found out that many municipalities sell commercial land at very low prices, significantly cheaper than regular residential building plots. And there is especially plenty of commercial land available. A house can also be used as a home office, and a business license costs 25 euros. Basically, almost every photovoltaic system operator is considered a business owner.
In my hometown, there are also beautiful commercial plots available very cheaply, with excellent and unobstructed views. Such great residential plots are hard to come by.
This way, you can potentially acquire a very affordable plot, possibly larger in size, and have some advantages. A house with an office can also be classified as a commercial property. Of course, it always depends on the situation. You wouldn’t want to build right next to a logistics company that operates 24/7, though.
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Peter Pohlmann4 Apr 2022 11:00A plot of land with three enclosed sides and only one neighbor is also very rare these days.
Especially when you still have a good amount of distance from the neighbor.
You could buy the plot mentioned above. €45,000 for 4,500 m² (54,375 ft²). Use 2,000 m² (21,528 ft²) for a ground-mounted photovoltaic system. Then the photovoltaic system would even pay off the house. And you would immediately have a commercial use. Where’s the problem? 😎
To each their own.
Especially when you still have a good amount of distance from the neighbor.
You could buy the plot mentioned above. €45,000 for 4,500 m² (54,375 ft²). Use 2,000 m² (21,528 ft²) for a ground-mounted photovoltaic system. Then the photovoltaic system would even pay off the house. And you would immediately have a commercial use. Where’s the problem? 😎
To each their own.
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Benutzer2004 Apr 2022 11:24Peter Pohlmann schrieb:
In a case like this, it’s hard to find a better building plot. Yep. Prime location. Just not for a single-family home development, but for commercial use.
What does the zoning plan say? Oh right, photovoltaics don’t count as commercial activity.
Peter Pohlmann schrieb:
Where’s the problem? 😎 That you’re a nutcase 😉 .
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Fuchsbau354 Apr 2022 11:57For families with young children, this is certainly not a prime location. And for many other people, it isn’t either.
I wouldn’t want to live there, no matter how cheap the land is.
I wouldn’t want to live there, no matter how cheap the land is.
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Peter Pohlmann4 Apr 2022 12:14The topic also concerns alternative solutions, as mentioned in the title, for people who have been looking for a plot of land for years or who can no longer afford a regular building plot.
For most here, it is probably not a problem to pay 500 euros or more per square meter (10.76 square feet) without much thought. However, not everyone can or wants to do that.
There is a very good article in the local newspaper about how more and more attractive houses are being built in industrial zones.
Well, there are quite a few who are making those areas stylish. (Linking to the article is unfortunately not desired)
For most here, it is probably not a problem to pay 500 euros or more per square meter (10.76 square feet) without much thought. However, not everyone can or wants to do that.
There is a very good article in the local newspaper about how more and more attractive houses are being built in industrial zones.
Well, there are quite a few who are making those areas stylish. (Linking to the article is unfortunately not desired)
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Fuchsbau354 Apr 2022 12:23I already understand that 😉
I’m also not among those who can afford or want to pay 500€/m² (about $540 per sq ft). Here, the price per square meter is easily double that or more. Still, I believe this option is a simplistic calculation. You always have to consider what the future might bring. I highly doubt that a property in such a location will significantly appreciate in value. In the worst case, you might not even get back what you invested. In fact, location remains one of the main factors driving real estate prices. And an industrial or commercial area will almost certainly never be considered a prime location when valuing a residential property.
I’m also not among those who can afford or want to pay 500€/m² (about $540 per sq ft). Here, the price per square meter is easily double that or more. Still, I believe this option is a simplistic calculation. You always have to consider what the future might bring. I highly doubt that a property in such a location will significantly appreciate in value. In the worst case, you might not even get back what you invested. In fact, location remains one of the main factors driving real estate prices. And an industrial or commercial area will almost certainly never be considered a prime location when valuing a residential property.
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Pinkiponk4 Apr 2022 12:42ypg schrieb:
“The current development plan designates this area primarily for commercial use, but a residential use is also possible in combination.”Would “making necklaces and bracelets” be acceptable for that? Some people are doing that anyway.Fuchsbau35 schrieb:
For families with small children, this is definitely not a prime location. And for many others, either.
I wouldn’t want to live there, no matter how cheap the land is.I actually considered it once but abandoned the idea after we found another plot. I still look with interest at businesses in areas designated and offered as commercial zones. Some businesses are great neighbors, others obviously less so. Emissions would also need to be checked, but I wouldn’t completely rule out living in a commercial area.The more I think about it, the more I like the idea.