Hello everyone,
I’m looking (again) for some advice from the experts here. There is a plot of land about 35 km (22 miles) from Stuttgart that my partner and I might be interested in. It has an area of 425 sqm (4,575 sq ft), but with some restrictions, if I understand correctly. The official land value in this area is €600 (about $650) per sqm, and the asking price for the plot is €350,000. What bothers us are the two garages on plot 1848, which look completely neglected (actually close to demolition, especially from the back). And of course, there is the access path that would run directly past the house. The plot plus additional costs would use up all our equity. There are two of us, but we would need about 110 sqm (1,184 sq ft) of living space and maybe 30 sqm (323 sq ft) of storage/utilitarian space. Also, a carport. According to the seller, there is no obligation to build. The builder of the house on 1849/1 is related to the owner of 1849.
Is it feasible to build a house on this plot that meets these requirements? Are there deductions when valuing the plot as equity? How would the living quality be assessed – also with regard to a possible later sale?
Thank you in advance for your thoughts.
I’m looking (again) for some advice from the experts here. There is a plot of land about 35 km (22 miles) from Stuttgart that my partner and I might be interested in. It has an area of 425 sqm (4,575 sq ft), but with some restrictions, if I understand correctly. The official land value in this area is €600 (about $650) per sqm, and the asking price for the plot is €350,000. What bothers us are the two garages on plot 1848, which look completely neglected (actually close to demolition, especially from the back). And of course, there is the access path that would run directly past the house. The plot plus additional costs would use up all our equity. There are two of us, but we would need about 110 sqm (1,184 sq ft) of living space and maybe 30 sqm (323 sq ft) of storage/utilitarian space. Also, a carport. According to the seller, there is no obligation to build. The builder of the house on 1849/1 is related to the owner of 1849.
Is it feasible to build a house on this plot that meets these requirements? Are there deductions when valuing the plot as equity? How would the living quality be assessed – also with regard to a possible later sale?
Thank you in advance for your thoughts.
Tigerlily schrieb:
@almaron The plot has actually been on the market since 11/23, directly from the owner, but it doesn’t seem to be in high demand. At the same time, a real estate agent is offering it at various higher prices (currently being reduced); this evening it was relisted just below the owner’s price.
Good luck with your search for something suitable! almaron schrieb:
Hello everyone,
I need some advice from the experts here again. There is a plot of land about 35 km (22 miles) from Stuttgart that my partner and I might be interested in. The plot size is 425 sqm (4,574 sq ft), but it seems there are some restrictions, if I understand correctly. The land value reference at this location is 600 € per sqm, and the asking price for the plot is 350,000 €. What concerns us are the two garages on the plot 1848, which look completely dilapidated (from close up, they’re practically ready for demolition, especially from the back). And of course, there is the path that runs directly past the house.
Is it feasible to build a house on this plot that meets these requirements? Are there any deductions when using the land as equity? How would you assess the living quality here, also with regard to a potential resale in the future?
Thanks in advance for your thoughts. @almaron there is a recent post dealing with exactly this situation:
https://www.hausbau-forum.de/threads/grundstueck-mit-wegerecht-kaufen.47169/
Tigerlily schrieb:
There is a recent post about exactly that situation:…although I think the original poster doesn’t realize that they want to halve their rights. They are still assuming obligations. I researched this myself as well.Tigerlily schrieb:
The price is outrageous once you subtract the building restriction area and the access road, or calculate realistically, and personally, I wouldn’t buy the plot just because I wouldn’t want neighbors like that.It’s also a problem because if you turned it into a proper building plot, the floor area ratio would no longer be sufficient. The building restriction areas are necessary to create adequate living space.Tigerlily schrieb:
In this case, probably the former happened: demolition of the old building,I have seen a bungalow there.Tigerlily schrieb:
The remaining front part of 425 sqm (4,575 sq ft) is now being offered online by the co-heir as a nice, flat plot, without mentioning that the rear part has a building ban.…yet it appears there is some slope towards the street?!Bungalow? The building facing the street was a large garage, according to the plan and visible on Google Earth.
It appears relatively flat, and both the real estate agent and the owner explicitly describe it as "level." The neighboring buildings also do not suggest any significant slope. Although in the end, that does not really matter—having a basement here is not worth it, except for gaining storage space.
The problem will be the lack of space for a carport. Is a paved parking space allowed in the construction prohibition zone? That way, the front neighbor would at least benefit from the driveway to the rear (apart from the 3m (10 feet) clearance area).
It appears relatively flat, and both the real estate agent and the owner explicitly describe it as "level." The neighboring buildings also do not suggest any significant slope. Although in the end, that does not really matter—having a basement here is not worth it, except for gaining storage space.
The problem will be the lack of space for a carport. Is a paved parking space allowed in the construction prohibition zone? That way, the front neighbor would at least benefit from the driveway to the rear (apart from the 3m (10 feet) clearance area).
almaron schrieb:
The plot is supposed to cost 350,000 euros The plot has been back on the market since the day before yesterday for 380,000 euros negotiable, with a building area of 8.70 x 13m (28.5 x 42.7 ft)!
@almaron how has your search been going in 2024?
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