Londonderry80
2020-06-28 12:26:50
- #1
Hello dear forum,
I registered here because after days of extensive research on the internet, I could not find any meaningful information on this topic.
A good family friend, already retired, hinted after inquiry about a building plot that he could imagine selling his building land exclusively to me and not to any developer or the municipality, but only as a whole area of about 6000 m2.
I am only interested in one plot to build a single-family house on, with a size of about 700 m2 of land.
For this, I have been looking for answers to the following questions:
I ask for understanding, as I am aware of the risk of complete failure due to lack of experience.
However, I am driven by the thought of acquiring a rare plot to finally realize my dream of owning property.
Therefore, I would like to gauge here among the extraordinarily experienced members of the forum whether I should get involved and possibly hire a professional or better leave it alone.
Thank you very much in advance!

I registered here because after days of extensive research on the internet, I could not find any meaningful information on this topic.
A good family friend, already retired, hinted after inquiry about a building plot that he could imagine selling his building land exclusively to me and not to any developer or the municipality, but only as a whole area of about 6000 m2.
I am only interested in one plot to build a single-family house on, with a size of about 700 m2 of land.
For this, I have been looking for answers to the following questions:
[*]What costs can I expect for planning the development?
[*]What costs can I expect for the development itself? (Road construction, approx. 100 meters long road)
[*]What offer can I make the owner as a maximum price per m2?
[*]Can the division of the plots be done individually?
[*]Is it even possible to manage this independently?
[*]The plot is located in Lower Saxony and borders on a fully developed street. "Within development plan"
[*]The standard land value is 120€/m2.
[*]Selling price for developed building land per m2 is easily 160€
[*]The plot lies at the edge of a settlement.
[*]A drawing is attached. (20 years old, comes from the municipality)
[*]Equity capital is available to finance a large part of the estimated investment myself.
[*]Area for the road including roundabout 16 meters diameter approx. 1000 m2
I ask for understanding, as I am aware of the risk of complete failure due to lack of experience.
However, I am driven by the thought of acquiring a rare plot to finally realize my dream of owning property.
Therefore, I would like to gauge here among the extraordinarily experienced members of the forum whether I should get involved and possibly hire a professional or better leave it alone.
Thank you very much in advance!