ᐅ Rental House – Prefabricated House or Traditional Brick Construction
Created on: 13 Feb 2017 13:51
D
Dimma
We want to build a house to rent out. Nothing "fancy," just two apartments stacked on top of each other (each about 90 sqm (970 sq ft)), with two garages...
We are currently undecided about what makes more sense: a prefabricated house or a conventional brick-built house?
We have found that there is probably not much difference in price.
It should be a turnkey house. Financing is not an issue due to an inheritance, and the building plot is already available.
Can anyone offer some guidance or points to consider?
We are complete beginners when it comes to building a house, and the construction companies can say a lot.
What should we pay attention to?
We are currently undecided about what makes more sense: a prefabricated house or a conventional brick-built house?
We have found that there is probably not much difference in price.
It should be a turnkey house. Financing is not an issue due to an inheritance, and the building plot is already available.
Can anyone offer some guidance or points to consider?
We are complete beginners when it comes to building a house, and the construction companies can say a lot.
What should we pay attention to?
Yes, and living here is great!
What good is having the space if it doesn’t fit the layout of the staircase at all? That doesn’t help.
Therefore, it makes sense to simply use the logical search terms. This isn’t about being clever, but about using the right terms to get meaningful results.
What good is having the space if it doesn’t fit the layout of the staircase at all? That doesn’t help.
Therefore, it makes sense to simply use the logical search terms. This isn’t about being clever, but about using the right terms to get meaningful results.
First question: What rents well in this location? Is there a university nearby? Is it rural or urban? Rule of thumb: the smaller the size, the higher the price per square meter.
Who do I want to rent to? A three-room apartment can suit both a young family with one child and older tenants. An apartment of 45 cm (5 feet) is more likely to attract singles only. Four rooms are usually suitable for larger families. It’s best to clarify these questions during a consultation at a landlord association, such as Haus und Grund. This is basically a landlords’ club. You’ll want to join as a landlord anyway, mainly for the legal advice they offer.
The trick to achieving at least a 5% return before taxes is to build appealing but cost-effectively (for example, a new flat doesn’t need a guest WC). This needs to be clearly agreed upon with the contractor. That’s why the apartments all tend to look quite similar. That’s just the way it is; otherwise, the calculations don’t add up. My two cents.
Who do I want to rent to? A three-room apartment can suit both a young family with one child and older tenants. An apartment of 45 cm (5 feet) is more likely to attract singles only. Four rooms are usually suitable for larger families. It’s best to clarify these questions during a consultation at a landlord association, such as Haus und Grund. This is basically a landlords’ club. You’ll want to join as a landlord anyway, mainly for the legal advice they offer.
The trick to achieving at least a 5% return before taxes is to build appealing but cost-effectively (for example, a new flat doesn’t need a guest WC). This needs to be clearly agreed upon with the contractor. That’s why the apartments all tend to look quite similar. That’s just the way it is; otherwise, the calculations don’t add up. My two cents.
Nordlys schrieb:
(A two-story apartment doesn’t need a guest toilet, folks). Absolutely, because as you yourself said:
Nordlys schrieb:
First question: What is easily rentable in this area? In my district town (just big enough to have a "mayor") the rule of thumb is roughly: 70 sqm (750 sq ft) clearly without, 90 sqm (970 sq ft) maybe, 120 sqm (1,290 sq ft) definitely with. You have to consider what is usual locally. You can quickly check this again by looking at the property listings.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
So, some friends of ours live in Hamburg Rahlstedt renting a good location, about 65 sqm (700 sq ft), two rooms, kitchen, one bathroom, hallway, basement room, well-maintained building, 12,000 cold rent per year. In Hamburg, owning property is only affordable for a few lucky ones. This type of apartment is cost-effective. I might be able to fit about four units like this in such a building without making it larger than two four-room apartments, which would yield around 48,000 per year or slightly less, depending on the location. If you set the house plus land value at 650,000, the return on investment works out.
Here are the questions of all questions:
Why not a semi-detached house? Is it not allowed according to the development plan (building permit / planning permission)?
A semi-detached unit is much easier to rent out 🙂
And the question about the guest toilet depends on whether you want to build apartments with a basic standard or move into the comfort zone. This is determined by the location and target group.
Regarding storage rooms: there are regulations on how to handle this for rental buildings with parking spaces, storage for bicycles or prams, drying rooms, etc. However, it may be that these rules do not apply to small rental properties.
Best regards,
Yvonne
Why not a semi-detached house? Is it not allowed according to the development plan (building permit / planning permission)?
A semi-detached unit is much easier to rent out 🙂
And the question about the guest toilet depends on whether you want to build apartments with a basic standard or move into the comfort zone. This is determined by the location and target group.
Regarding storage rooms: there are regulations on how to handle this for rental buildings with parking spaces, storage for bicycles or prams, drying rooms, etc. However, it may be that these rules do not apply to small rental properties.
Best regards,
Yvonne
ypg schrieb:
Why not a duplex? Isn’t that prohibited according to the development plan / zoning plan?
A semi-detached house is much easier to rent out 🙂 I already mentioned that in #4 and only noted that the tenant demographic is different. It shouldn’t be seen as an argument against it, just a remark; so far, I haven’t read any rejection from the original poster on this.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
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