ᐅ Purchase of a Property with Existing Structures; Future New Construction Planned
Created on: 1 Mar 2024 11:30
S
Schnubbihh
Hello dear community,
We will soon be purchasing a plot of land with an empty house (approximately from the 1950s/60s) and plan to build a new house there in the medium term.
For now, the property will remain unused for about 2-5 years to allow for further savings of equity and due to my wife’s current employment situation (currently on parental leave; a permanent job is required for the mortgage).
I have a few questions and would appreciate your experiences and advice.
(1) Tear down the house immediately or leave it empty: What are the risks and obligations if I demolish the house right away or leave it vacant? What factors should I consider? How would you proceed?
(2) Under what conditions could it make sense to rent out such an old house again? (With manageable renovation) My common sense tells me this would cause more hassle than benefits: obligation to renovate, energy certificate, new heating system, termination of lease for new construction, etc.
(3) If I demolish the house immediately, what should I do with the basement? We want to build without a basement. Would the excavation be filled and compacted with F1 sand? (The new build will also be significantly larger than the existing building)
(4) Could it make sense to set up a permanent construction water supply immediately after demolition? Background: If the water connection is inactive for more than one year, it is removed in our district, and I would have to pay over €10,000 (ten thousand euros) again for the street connection during new construction.
(5) Related to (4): Is it possible to arrange a longer-term temporary construction electricity connection? This would be necessary to heat the construction water supply in winter and to have electricity on site if needed. Renting construction power boxes with monthly inspections would likely be very expensive. Are there alternatives?
(6) Achieving cost savings on the house build through a long planning horizon: What options do I have to reduce costs for the new build by planning over a longer period? Are there any tips on how to make this disadvantageous situation work to my advantage?
(7) Using or monetizing the undeveloped plot in the meantime: Are there ways to make meaningful use of or even monetize the undeveloped land during this interim? If construction electricity and water supply are available, could the garden be used or maybe even leased?
Thank you in advance for your help and advice!
We will soon be purchasing a plot of land with an empty house (approximately from the 1950s/60s) and plan to build a new house there in the medium term.
For now, the property will remain unused for about 2-5 years to allow for further savings of equity and due to my wife’s current employment situation (currently on parental leave; a permanent job is required for the mortgage).
I have a few questions and would appreciate your experiences and advice.
(1) Tear down the house immediately or leave it empty: What are the risks and obligations if I demolish the house right away or leave it vacant? What factors should I consider? How would you proceed?
(2) Under what conditions could it make sense to rent out such an old house again? (With manageable renovation) My common sense tells me this would cause more hassle than benefits: obligation to renovate, energy certificate, new heating system, termination of lease for new construction, etc.
(3) If I demolish the house immediately, what should I do with the basement? We want to build without a basement. Would the excavation be filled and compacted with F1 sand? (The new build will also be significantly larger than the existing building)
(4) Could it make sense to set up a permanent construction water supply immediately after demolition? Background: If the water connection is inactive for more than one year, it is removed in our district, and I would have to pay over €10,000 (ten thousand euros) again for the street connection during new construction.
(5) Related to (4): Is it possible to arrange a longer-term temporary construction electricity connection? This would be necessary to heat the construction water supply in winter and to have electricity on site if needed. Renting construction power boxes with monthly inspections would likely be very expensive. Are there alternatives?
(6) Achieving cost savings on the house build through a long planning horizon: What options do I have to reduce costs for the new build by planning over a longer period? Are there any tips on how to make this disadvantageous situation work to my advantage?
(7) Using or monetizing the undeveloped plot in the meantime: Are there ways to make meaningful use of or even monetize the undeveloped land during this interim? If construction electricity and water supply are available, could the garden be used or maybe even leased?
Thank you in advance for your help and advice!
Schnubbihh schrieb:
Yes, a combination of the floor area ratio and the existing building line along the street, which we would otherwise deviate from. It seems there is currently no interest in densification and creating additional housing...At least not in this neighborhood.
K a t j a schrieb:
From this, I understand that you failed to meet the floor area ratio of 0.2 due to lack of infrastructure? I would rather say that they overestimated the possibility of leniency here. Why the original poster did not accept the repeated suggestion to split the homeowners’ association (HOA) or my suggestion to consider a two-family house with the sellers/neighbors remains unclear to me. Instead, saving money on demolition overruns seems foolish in my opinion.
Schnubbihh schrieb:
Yes, a combination of the floor area ratio and the existing building line along the street, from which we would otherwise deviate. If I’m not mistaken, Dimeto also considered the deviation somewhat likely to succeed (?).
Schnubbihh schrieb:
It seems there is currently no interest in densification and creating additional housing... Some municipalities or districts apparently have little fear of population loss and are more pleased about a declining number of school children.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
Schnubbihh schrieb:
Yes, however, we now "have to" purchase the front lot as well, since otherwise we won’t get approval for the building permit / planning permission regarding its developability... This information should be of interest to everyone who associates you or your username with the rear lot, turning issues, and specific smart home plans!
Pretending to be just a contact point for those involved and advisers here and then being forgotten tomorrow significantly underestimates your role.
I wouldn’t consider renting it out. If an early demolition causes issues with water and electricity, just demolish it closer to the construction date instead of doing it now. Instead of 5 years in advance, do it 2 years before.
Other than renting out parking spaces for trailers, cars, etc., I can’t think of any way to make some money during the transition period besides a traditional rental.
Other than renting out parking spaces for trailers, cars, etc., I can’t think of any way to make some money during the transition period besides a traditional rental.
S
Schnubbihh3 Mar 2024 10:32CC35BS38 schrieb:
I wouldn’t want to deal with renting it out. If an early demolition causes problems with water and electricity, just demolish closer to the actual build date instead of so far in advance. So not 5 years before but maybe just 2 years prior.
Besides renting out parking spaces for trailers, cars, etc., I can’t think of any other way to make some money during the transition period without doing a traditional rental. Yes, that’s what I was thinking as well. I just hope the authorities won’t cause issues later on regarding vacancy and misuse of residential space...
S
Schnubbihh11 Mar 2024 09:30We are currently planning to demolish and rebuild, so now the question of earthworks arises:
The existing basement covers an area of about 60 m² (645 ft²), approximately 1.5 m (5 ft) below the top of the natural ground.
This means a pit volume of roughly 90 m³ (3,180 ft³).
The new house and its slab will have a footprint of about 110 m² (1,184 ft²) and will only require excavation to a depth of about 60–80 cm (2–2.5 ft).
What would be the most cost-effective way to backfill this so I can estimate volumes and costs?
Would you level the pit to the desired height (60–80 cm / 2–2.5 ft) and then fill it with F1 sand? Or would you create a sort of stepped profile inside the pit and then fill it with sand? How is this usually handled in practice?
The existing basement covers an area of about 60 m² (645 ft²), approximately 1.5 m (5 ft) below the top of the natural ground.
This means a pit volume of roughly 90 m³ (3,180 ft³).
The new house and its slab will have a footprint of about 110 m² (1,184 ft²) and will only require excavation to a depth of about 60–80 cm (2–2.5 ft).
What would be the most cost-effective way to backfill this so I can estimate volumes and costs?
Would you level the pit to the desired height (60–80 cm / 2–2.5 ft) and then fill it with F1 sand? Or would you create a sort of stepped profile inside the pit and then fill it with sand? How is this usually handled in practice?