Building application Lower Saxony Building law

I understand you 100% Only I cannot invest 500k to make a 100k loss. Returning building land is my last option. If you are looking for building land, I am happy to arrange something for you. Lower Saxony 30-35km from WOB and BS. 70€/m2 700-1100m2 building land. Now there is enough building land available, go wild!

Thank you for your offer! But I come from the Rhine-Main area. Unfortunately, completely different amounts are dealt with here. We have therefore decided on a terraced house with a small garden on the edge of the commuter belt. So we are well supplied :) But somehow I also understand you! Maybe there are cheap modular houses or you build a smaller house with expansion options. You can rent it out at first and then pass it on to your children later.

Thank you for your offer! But I come from the Rhine-Main area. Here, unfortunately, one deals with completely different amounts. We have therefore decided on a terraced house with a towel garden on the edge of the commuter belt. So we are well provided for :)

But somehow I understand you too! There might be cheap modular houses or you build a smaller house with an expansion option. You can rent it out for now and later leave it to your children.

Congratulations first of all on the property!

No, too expensive. Unfortunately. I spent 5 hours last night calculating everything. I come to at least €1650/m2 finished living space (with contacts, lots of EL etc.) including ancillary building costs, Häcker kitchen, fence, garden, driveway, etc.

If 2 or 3 items get out of hand (no material, delays, further price increases), I am definitely at €1800/m2 – this scenario is unfortunately likely) For this, I need €13/m2 at the now due interest rates – 18 months ago it was €8.7/m2. This is madness! Plus risk surcharge for vacancy!

Understood!
By when do the [Grundstücke] have to be developed?

Congratulations on the property first of all!.

Thank you! We are still in the construction phase. Fortunately, we were still able to take advantage of the low interest rates from 2021. With the current prices and conditions, it does make you feel a bit uneasy.

Understand! By when must the plots be built on?

By 09/2023, the foundation and slab must be in place

Would a rent of €13/sqm be a problem there? Here with us, that is normal for a new building without luxury. Would that be cold or warm?