Duplex house as a condominium or 2 "semi-detached houses" - What should be considered?

Building wealth as a landlord can in my opinion only succeed with this model when the same thing is put up three / four / five times.

Objection, your honor ;-) Owner-occupancy is consumption, renting out is investment. Depending on the salary, there is also a tax lever. You have to design that sufficiently and sensibly.

before saving rent elsewhere - seems to me economically highly questionable.

Building a single-family house is the biggest nonsense from a financial point of view. ;-) If you assume a few basic prerequisites, it already pays off: - married, 5k € net income, mortgage-free residential property for own use - 300k per semi-detached house, max. 350k - 4% interest + amortization: 1,000 - 1,150€ - rental income: at least 1,200€ cold each After 20 years about 50% is paid off with almost 0% own contribution. The only risks left are concentration risk and that something really goes wrong in between. With residential property not paid off, it would also be possible, but then you have to show a great risk appetite.

Hello,

so, the plot with 810m2 is available and currently unused. There is no development plan, as it is an outside area. In recent years, the neighboring plots have gradually been built on with special permits starting from the official development boundary. In response to my inquiry, the municipality also mentioned the possibility of a special permit for my plot. However, the character of a single-family housing estate is to be maintained, so no multi-family house with a stairwell. On the neighboring plots, from the 120m2 prefabricated house over duplexes to the 350m2 Bauhaus villa, buildings have been constructed with special permits.

For the project, plot + 30-40% as equity capital is available (whether all of this would be used is to be calculated by my tax advisor). Building a house for personal use is also not an option; my wife would probably be less enthusiastic if I moved out ;-) .

However, I had not yet considered the argument regarding the problem of potential tenants with the currently low interest rates. In my circle of acquaintances, there are families who rent houses out of professional flexibility and have always stayed in one place for about 7-10 years. But such families are certainly not easy to find.

In principle, there is no urgency with the project, so waiting until the building boom is over is definitely an option. Hopefully, the municipality won’t have its own new development area by then and wants to “fill” that first.

1) Real division
2) Go to Haus und Grund, take their advice and their contracts
3) Fixed-term rental contracts!
4) Look at the tenants carefully. Listen to the Haus und Grund lawyer.

my wife would probably be less enthusiastic if I moved out from her place ;-) .

Are you not allowed to move in with her?

Jokes aside: with 800 sqm in an outer area, I can imagine that a real division is out of the question.

It was the same with us: children, a garden would be great, oh, you can also rent single-family homes. Then we realized that we could build ourselves for the same money... By the way, the rental house has been empty for half a year. Built only for the purpose of renting, on the owner's land... as a retirement provision. Currently, you can observe how he lowers the rent in the listing by about €25 - €50 per month... let's see how far he can go down. But: unfavorable location, so I wouldn't overestimate that. There are also locations where people would line up to buy your new house and potential tenants would outbid each other...

There are also locations where people would rush to buy your new house and potential tenants would outbid each other...

But such locations are still better sold than relying on someone renting it out until the end of the financing period. Once sold, the money is in the bag and you can not care whether and when schools close or waste incineration plants are built in the area.