ᐅ Multi-family Residential Building for Rent

Hello everyone,
I am considering building a multi-family house on a plot of land I already own in a northern German regional center, with the intention of renting it out entirely afterwards.
Since I have no experience in house construction, I am thinking of having a developer build the house and appointing a building surveyor/architect to represent my interests. I do not want to create a personal statement or a landmark with this building, but it should be functional, durable, and as low-maintenance as possible.
Before approaching developers, I would like to create a minimal list of requirements so that the person I talk to can best tailor their approach to my needs (and so I save time). As mentioned, I would like to keep the building for the long term—maybe it can still help me enjoy my retirement in a few decades.

My question to you:
From your perspective, what are important aspects you would focus on, things that make sense, and so on?

To clarify what I mean, here is what I have come up with so far:

Solid construction
Fully brick-faced
KfW55 standard (and each residential unit as a separate entity for subsidy purposes)
...

Admittedly, this is still very little, so I would appreciate any contributions.

Klaus-Peter

For a rental property, I would primarily focus on the overall return rather than the KfW standard or the appearance (brick facade or plastered). It doesn’t help if your house looks very nice and is highly energy-efficient but this additional investment cannot be reflected in higher rental income.

PS:
You are not looking for a developer but rather a general contractor or a main contractor, since you already own the land.
Developer: Purchase of house including land
General contractor: Construction contract for building a house without planning
Main contractor: Construction contract for building a house including planning

Good morning,

Musketier schrieb:
For a rental property, I would primarily focus on the overall return

Absolutely! 😀

Happy New Year!

Bauexperte schrieb:
Good morning,


Absolutely 😀

Happy New Year!

And why should that be mutually exclusive? Especially when considering the gross yield, nothing should be left unchecked.
Maybe a better financing option pays off through various subsidy programs.

But as mentioned, of course, the associated costs must be weighed against this.

MarcWen schrieb:
And why should that be mutually exclusive? Especially when focusing on the gross yield, nothing should be left unexamined.
Perhaps better financing options can be found through various subsidies.

But as I said, of course the associated costs need to be taken into account.

That is obviously not mutually exclusive. It should just be evaluated from the overall profitability perspective and not taken as a given, but as a mathematician you probably don’t need me to tell you that.

40,000 euros "given as a gift" is certainly tempting. In addition, 800,000 euros financed at a low interest rate.

However, I have no idea how much the project would cost overall. The plan definitely needs to be developed and calculated, and then the additional expenses (to reach KfW 55 standard) separated. Perhaps a higher monthly rent can also be achieved on the rental market if you specifically advertise the property as a KfW efficiency house.