11ant
2020-02-27 17:48:46
- #1
Is the sister also a layperson in the field of apartment building construction? By the way, my question was aimed at whether you are acting here as the builder, or e.g. as the spokesperson of a building association of half a dozen families. So you have presumably inherited a building plot together and now want to develop it; after the refinement with a multi-family house, it should belong to you jointly as a whole; and presumably serve to fund your retirement.I am building with my sister. The property already belongs to us. The apartments are to be rented out.
I did not doubt that. However, a construction company does not advise adequately on such a project: they only show you how to arrange the building material into a structure. They do not care about the fate of your assets. Let’s assume you get divorced / your sister goes into a nursing home / your heirs consider their heirs idiots, etc., etc.: there is nothing more disadvantageous than a joint six-family house. The knowledge that Meierbau builds the building cheaper than Müllerbau will do you no good. No construction company will advise you to found a property development GbR; nor to make it into condominiums and e.g. distribute them directly to the children – assuming you have three children together (1, 2A, and 2B), then one apartment goes to child 1, one each to child 2A and child 2B; later the inheritance includes only shares in the "Two Sisters & Co Real Estate KG" (which owns apartments 4, 5, and 6 and manages all six apartments). Neither Meierbau nor Müllerbau will explain this to you – they just give you prices for 598 sqm of Poroton or 603 sqm of Ytong.I am already getting a written offer
If with your budget for a six-family house you do not primarily want to "fall victim to robbers," then first get much more extensive advice here than just asking for a builder and secondly take the preliminary designs developed in the discussion to an independent architect.