Lukas_Sch
2021-08-30 13:59:04
- #1
Hello,
I own a 1200m2 plot of land, built with a two-family house, freshly renovated. As can be seen from my very simple drawing, I would have space next to my house for an extension of about 9mx9m (I have assumed about 4 meters distance from the boundary).
My idea now is to build a single-story extension with a flat roof, with the option to add another floor with a roof later. I could probably build the extension completely without bank involvement and then rent it out.
Since property prices in the region have literally exploded in the last 4-5 years, I thought it might be possible to divide my plot as shown in green in the picture, so that a division of about 400m2 to 800m2 results. If I were to exercise my special termination right in 6 years, I could theoretically secure the follow-up loan only with the two-family house and the 800m2 plot, so that the extension including the 400m2 plot would be debt-free.
The remaining debt in 6 years is about €320,000. Currently, two neighbors have sold their single-family houses with 600m2 plots for €800,000, so I think the value of my two-family house could certainly cover the remaining debt.
My question now is whether something like this is even possible? My plot falls under §34 Building Code.
Best regards, Lukas

I own a 1200m2 plot of land, built with a two-family house, freshly renovated. As can be seen from my very simple drawing, I would have space next to my house for an extension of about 9mx9m (I have assumed about 4 meters distance from the boundary).
My idea now is to build a single-story extension with a flat roof, with the option to add another floor with a roof later. I could probably build the extension completely without bank involvement and then rent it out.
Since property prices in the region have literally exploded in the last 4-5 years, I thought it might be possible to divide my plot as shown in green in the picture, so that a division of about 400m2 to 800m2 results. If I were to exercise my special termination right in 6 years, I could theoretically secure the follow-up loan only with the two-family house and the 800m2 plot, so that the extension including the 400m2 plot would be debt-free.
The remaining debt in 6 years is about €320,000. Currently, two neighbors have sold their single-family houses with 600m2 plots for €800,000, so I think the value of my two-family house could certainly cover the remaining debt.
My question now is whether something like this is even possible? My plot falls under §34 Building Code.
Best regards, Lukas