Building application Lower Saxony Building law

Good thing you dropped out of school after 4th grade!

What kind of aggressive course are you actually on? Calm down. No user here is responsible for the trouble you’ve caused yourself with authorities, legal matters, and the like. If you publicly post something here for discussion, you shouldn’t be surprised by follow-up questions and definitely shouldn’t arbitrarily pick fights with people.

What kind of aggressive attitude are you actually having? Calm down. No user here is responsible for your homemade trouble with authorities, law, and company. If you publicly put something up for discussion here, you shouldn’t be surprised by follow-up questions and you certainly don’t need to arbitrarily pick on people.

stop, his calculation is simply naive and he knows that very well.

stop, his calculation is simply naive and he knows that very well.

Firstly, it is "she," and secondly, that does not matter regarding your tone.

stop, his calculation is nothing but naive and he knows that very well.

The attentive reader thinks highly of . You could also call your land purchases naive calculations, the development of which now does not work.

I had to think about it first, but what exactly are you calculating there?

With 100 sqm of living space, your values (1800/sqm and 13/sqm rent) would result in a gross rental yield


That’s quite a hefty sip from the bottle.

I notice here how tense the situation in Germany is regarding the topic of housing.
A topic that causes enormous unrest and could socially divide our society significantly in the future.
I’m even laying my numbers openly here, which few would probably do.

The building permit has been submitted for 2x2 semi-detached houses each with 135 sqm of living space – intended for young families,

Each unit receives a high-quality fitted kitchen for rent, carport, terrace roofing, fence, garden house + rolled lawn on approx. 400 sqm of land.

Since I have to consider my own contribution for planning and construction, the end result won’t be 1800€/sqm as I mentioned. For the stress, I could also work overtime in the office, so I have to somehow offset that.

The total investment cost per residential unit including pre-financing amounts to €327,000 (2420€/sqm).
The cold rent per sqm is €8.7, thus €1175, plus €100 recoverable costs.

Reserves are for calculated rental loss and maintenance.
Depreciation (AfA) 2.0%
Non-recoverable costs are calculated at €325, which corresponds to about 20% of the cold rent.

With financing of 250k, fixed for 20 years, 2.5% interest, 2.5% repayment, the following results:

Gross yield 4.9%
Factor 20.2
Net rental yield 3.5%
Cashflow negative: -€100/month (meaning I pay in for 20 years, even after taxes)

The negative cash flow can possibly be accepted to build wealth and secure prosperity in the long term.

But I hope you see – the position as a landlord isn’t always as rosy as it might seem at first glance.

If construction is delayed or significantly more expensive, you’re quickly at minus €300 per month.
Then the place might be empty sometimes, marital disputes, housing gets damaged, etc.

...

Thanks for disclosing the figures, I think that’s interesting for many here!

That it’s not quite as rosy as calculated by is forgivable. But now that you’re using completely different numbers than before doesn’t qualify you to accuse someone of a naive calculation.

Out of curiosity: You have €1800/m2 "real" costs for construction, but calculate with €2400/m2 including EL. That means, across all units, €600/m2 * 540m2 = €334,800 (minus pre-financing costs)? That’s quite some overtime in the office...

I also don’t see that with the €100 negative cash flow you could build wealth better elsewhere. So, seriously: Is everything all good then?