ᐅ How to manage a property relocation over a distance of more than 600 km?

Hello everyone!

We are considering relocating to a different property and area.
Current situation: Newly built house from 2020 in Lower Saxony,
Looking for: Property or new build in Saarpfalz district.

We have thought of several options – maybe you have other ideas?

**1. Sell, move, rent, do a new build/renovation, then move again**
- On one hand, this is the easiest to manage, but on the other hand, we don’t really want to move twice in a short time or rent again.

**2. Find a property that is "livable," move in, sell the old house, then renovate/modernize**
- This essentially rules out a full renovation because it’s difficult to do one while already living there.
- It would be financially possible (significantly higher income than before, current savings rate is about twice the current loan repayment) – whether a bank would approve this is another question.

**3. Look for a new build project or property to fully renovate (“have it done”), move in when finished, then sell the old house**
- Financially similar to option 2 – doable, but this means double costs for a while.
- Full renovation or new build is possible. There are a few nice plots available there – however, due to the distance, we would have little opportunity to supervise the construction progress.
- Are there recommended companies for this kind of service, if you can’t be present on-site all the time? Just a building surveyor/inspector?

Do you have any other ideas?

Hello,

we are currently using the option you described as Option 1.
We sold our condominium and have rented a place again during the construction of our new house. We have stored some of our furniture and belongings. The apartment we are now renting was ready to move in and equipped with a kitchen. The distance of 150 km (93 miles) to the new location and for overseeing the construction was too far for us.

Since we know the rental apartment is only a temporary solution, it was and still is acceptable for us.
We would have done the same in case of a renovation.

We are currently going with option 3 (400 km (250 miles)).

We have great future neighbors who are there for us, plus a building surveyor.

And – from our point of view the most important thing: a (local) company with an experienced site manager, whom we feel comfortable with.

It’s not his first remote build either – he said.

MaxiFrett schrieb:

We are currently going with option 3 (400km (250 miles))

We have great future neighbors who are there for us. Plus, we also have a building surveyor.

And – from our point of view the most important thing: a (local) company with an experienced site manager, who gives us a good feeling.

It’s not his first remote build either, he said.

Thanks for your input!
Our family would be very close to the potential building site.
How did you manage the financing? Was a second loan installment still within your budget, or did you take a different approach?

kati1337 schrieb:

Thanks for your input!
We would have our family very close to the potential building site.
How did you manage the financing? Did a second loan payment still fit within your budget, or did you choose a different approach?

Having family nearby is a great advantage! If they’re fine with supporting the construction, I wouldn’t have any doubts about handling it yourself 🙂

We are building our first house, so we don’t have the burden of two loans.
I would recommend discussing with the banks to see what options they suggest.

Or maybe the developer is open to alternative arrangements. We once talked with Scanhaus Marlow, I think? They advertised payment only after completion.

kati1337 schrieb:

How did you manage the financing? Did a second loan installment still fit into your budget, or did you choose a different approach?

You only start repaying once the full loan amount has been drawn down, right? Of course, interest accrues earlier, but not the full repayment amount?
Or is the question about obtaining additional financing at all?