Buy land - keep the house.. how to proceed best?

  • Erstellt am 2018-12-28 10:38:15

Yaso2.0

2019-01-05 19:52:50
  • #1


Yes, we will make the notary appointment as soon as the seller has the documents from the land registry office.

The house is modernly equipped and only about 10 years old. But the tenants... at first everyone is always nice, and then who knows what happens in the house...

Plan now: - Buy the plot!
- Make appointments with 2 general contractors and see what our ideas might cost
- Evaluate financing
- Decide whether to keep or sell the current house.
 

Winniefred

2019-01-05 19:55:44
  • #2
Sure, but every house gets older. Larger expenses like heating or the roof, or medium expenses like new doors and windows, etc., will still come up eventually and probably sooner than you'd like with careless tenants.

I'm curious what kind of little house it will be then!
 

Nordlys

2019-01-05 20:19:29
  • #3
Renting out a house, you have to be a bit tough. My old friend W. inherited one and reported it to the authorities, they have now housed 10 Syrians in it. Money comes in, you have to coolly overlook the suffering of the house, The rent must definitely cover interest, repayment, and the buildup of a maintenance reserve. Advice on this not here, but at Haus und Grund. It can work. K.
 

Yaso2.0

2019-01-05 20:48:29
  • #4
We don't want to force it at all costs either.

If we have to make compromises for the new house because of the financing, then we will sell the current one. That is definitely certain.
 

Caspar2020

2019-01-05 20:49:31
  • #5


Uh; no.



Does she do that only as a manager? Or does she also take on the co-risk?

Actually, external management for single-family houses is not financially worthwhile at all. Especially if all the paperwork has to be done.



You can; but with a single unit the risk is way too high for me. If you inherited it; sure, or if the property is paid off, but not otherwise.
 

Caspar2020

2019-01-05 20:56:54
  • #6


I know several people who only rent out the second unit of their two-family house. So, what they experience one after another... you could write a book about it.

the biggest problem is getting the people out again.
 

Similar topics
23.03.2009Does the capital provide financing10
07.07.2011Financing land now, house in 6 months?17
25.07.2013Is financing possible?10
31.05.2012Financing of the property: Does the entire financing need to be secured?11
15.08.2012Build a house or buy one - financing possible?22
22.10.2012Single-family home financing - thoughtful after first bank discussion17
04.02.2013House planning completed - Is financing realistic?19
18.01.2013Is building a house possible with our savings and financing?19
04.02.2013Bank loan and loan-to-value - is financing affordable?11
20.02.2013We are not making progress in financing33
01.05.2013No equity / existing consumer loans / financing possible?11
02.07.2013Residential Riester for Home Purchase Financing - Who Has Experience?16
10.07.2013What do you think about the financing? + I have a huge problem12
23.08.2013Financing existing property - Attention beginners ;-)13
02.09.2013House purchase, requesting opinions on financing10
19.11.2014Financing single-family house - How much can we afford?47
14.11.2013Is financing for construction projects feasible?10
28.04.2014Finance a house - rent out existing house25
20.06.2016Error in financing?280
10.10.2022Financing single-family house with granny flat for parents39

Oben