ᐅ Multi-Family House Planning. Assistance with Planning / Initial Steps

Let’s be honest, you don’t really have a clue. I bought my house when I was 24, and now it’s almost fully paid off. 150m2 (1,615 sq ft), built in 1800. Renovated, with all electrical, gas, and plumbing redone in perfect condition. My friend is self-employed and just as financially stable as I am. If you don’t have a clue, just don’t write anything.

In the year 180, the builder was probably a Roman.

The question remains in which country the new construction project is going to take place and what the bank has to say about it.

At the moment, I see more black than gray.

G_-_A schrieb:
Let’s be honest, you have no idea. I bought my house when I was 24 and it’s almost fully paid off now. 150m2 (1,615 sq ft), built around 1800. Renovated, with all new electrical, gas, and plumbing work done perfectly. My friend is self-employed and just as financially stable as I am. If you blockheads have no clue, then just don’t write anything.

Well, we certainly don’t have to put up with insults here. If you have full knowledge and we don’t, why ask at all? Just do your thing, but don’t be surprised if it doesn’t turn out as planned in the end.
Many here have already built a house or had one built, and there are also many experts in this forum who can at least assess whether something is realistic or not. And what you are planning here, at least as you describe it, is simply unrealistic.
But you are welcome to prove us wrong—I’m always open to learning more.

Sorry, but are you really serious or just trying to fill the summer slump?

In Romania, sometimes you can still build for the budget you planned. But even there, it’s not enough for plastering. And when I read "upscale finishes" and then look at my construction cost folder, I’m really not sure whether to laugh or cry at this plan.

But maybe you should just talk to your bank.

Sylvia

So your plan sounds like it’s coming from zero experience, no clue, and pure naivety. You don’t really expect to build a multi-family house at those costs—unless you build it out of cardboard, put a portable toilet on site, and cover it with a corrugated metal roof. And then rent it out for 800–900 euros per unit???

If I base it on your land price, the rents in your area are not very impressive either. And then 800–900 euros rent per unit with 80m (260 feet) squared—wow.

Friends of mine rent out a townhouse (built in 2000) with 125m (410 feet) squared plus a basement in a good area with relatively high rents for 850 euros, and you want the same for a townhouse with 100m (330 feet) squared??? How is that supposed to work?

Not to mention, you have to pay tax on rental income and set aside reserves for possible repairs. You also need to plan for potential rental losses.

But by all means, get a few offers. Talk to the bank, talk to an architect. Maybe you’ll trust them more than us, and someone can bring you back down to reality.

G_-_A schrieb:
Let’s be honest, you guys have no idea. I bought my house when I was 24, and it’s almost fully paid off now. It’s 150m2 (1,615 sq ft), built around 180 years ago. Renovated, with all electrical, gas, and water systems completely redone and in perfect condition. My friend is self-employed and financially just as stable as I am. If you blockheads have no clue, then just don’t write anything

HAHAHAHA... you really showed us blockheads there. I’m just saying: we’re all dumb because, in your eyes, we aren’t as clever as you summer filler trolls 😀 😀 😀