ᐅ Is Building and Renting a Semi-Detached House a Viable Investment?

Hello everyone,

I have been considering building a semi-detached house on our property and renting out one side. My plan was actually to live in one side for a few years, rent out the side where I live, then build another one and do the same again. Is this just a dream, or is it really feasible?

I would appreciate any help. I am 30 years old and have been working in the automotive industry for years. I want to invest my money.

Could someone please give me some advice? I would even be willing to pay for it.

Best regards

Makav55 schrieb:
Hello everyone,
I have been considering building a semi-detached house on our property for a long time and renting out one side. My plan was actually to live in one side for a few years, then rent out the side where I live and build another one, and repeat the same from scratch. Is this just a dream, or is something like this really feasible?
I would appreciate help. I am 30 years old and have worked in the automotive industry for years. I want to invest my money.
Could someone please give me some advice? I would even pay for it.

Best regards

Well, if that’s the case, you would need two semi-detached houses—that’s a big house. Because where else would you live? In the garden? I like Kölsch beer (speaking of payment).

Makav55 schrieb:
Hello everyone,
I have been thinking for a long time about building a semi-detached house on our property and renting out one side. My plan was actually to live in one side for a few years, then rent out that side as well, build another one, and do the same again. Is this just a dream, or is it really feasible?
Please help; I am 30 years old and have been working in the automotive industry for years and want to invest my money.
Could someone please give me advice? I would even be willing to pay for it.

Best regards

The question is, what exactly do you want? This isn’t clear from your post (as HelpHelp has already pointed out). Next question: you want to invest your money—how much do you have to invest? What kind of return do you expect? What rent do you think is achievable on your property? What exactly does “your property” mean? And so on.

Please clearly outline your questions, desires, and goals…

What are you allowed to do on your property?
The zoning plan will tell you... For this kind of information, I’m happy to accept dry red wine, preferably Spanish.

Here is a strategy for Bacardi Cola:
a) Consult plan B. What is permitted?
b) Determine costs: what does the semi-detached house cost?
c) Find out rental prices: what are the typical net rents in the area?
d) Compare: since rent is taxable, you should aim for more than a 5% pre-tax return.
e) If everything checks out, go to your main bank.
f) If you are building, start looking for reliable, good tenants early to avoid problems. What makes a good tenant? For example, two semi-permanent residents, class A, discreet in Rauchsilber, toilet paper kept at the back, pet bird or cat, clean and meticulous in appearance—these tenants pay reliably and are peaceful.
Karsten

Hello, thanks for the responses.
As a family, we really have very little knowledge about building, so I wanted to ask here. I currently live with my wife (no children yet) in my parents’ house (a two-family house - old building from 1902). My parents are elderly and ill (70+). I have been thinking about completely renovating the house and separating the entrances so that it could be rented out. Of course, that would be expensive, but maybe doable. I personally don’t want to live in that house anymore and have been considering building a new property or having one built. I was thinking about building a duplex (two semi-detached units), where I would live in one half and rent out the other.
Please don’t get me wrong, but I just want to get started—I’m young!

Please let me benefit from your advice. If the rental income (net rent) isn’t worthwhile, would it be better to avoid it altogether?