House construction and sale - current residential property

Income approach for externally rented properties

No. Not for tangible asset properties like condominiums/single-family houses. These are ALWAYS valued according to the tangible asset value (even if in a proper appraisal the income approach is calculated for the sake of good order). Regardless of whether rented out or owner-occupied.

We did it differently or are currently doing it differently. We sold our current single-family house, will soon move into a rental apartment, and then build the new house. We wanted to be sure that the proceeds from the old house would cover the construction costs of the new house; furthermore, we are moving to a region with higher quality of life and lower rents.

besides, we are moving to a region with a higher quality of life and lower rents.

I call that very cleverly arranged

We are currently trying to parallelize: sales and construction. The sales proceeds are relatively easy to estimate through different methods. We don't want to have to move twice, but we are also staying in the same region.

Thank you very much for the numerous replies. We actually do not want to rent it out. We want to have practically nothing more to do with our current house. Yesterday, potential buyers were here who would let us live here for another 1.5 years. It just has to work out now. You really have to keep your nerves in such a situation. We visited the potential future property yesterday. Unfortunately, at the same time as other interested parties. The realtor is currently not willing to make a reservation, only a second individual viewing. For the financing of the new property, it was just told to us that you could probably increase the existing loan.

Thank you very much for the numerous replies. We actually do not want to rent out. We then want to have nothing to do with our current house anymore. Yesterday, potential buyers were here who would let us live here for another 1.5 years. It just has to work out now. You really have to keep your nerves in such a situation. We visited the potential future plot yesterday. Unfortunately at the same time as other interested parties. The broker is currently not willing to agree to a reservation, only to a second individual viewing. For financing the new plot, it was told to us now that the existing loan could probably be increased. ‍

We are in a similar situation. I see 2 possibilities when you have a potential buyer: a) notary contract now, purchase price payment (and thus transfer of ownership) in 18 months b) notary contract now, purchase price payment now, agree on an 18-month right of residence in the notary contract.

We are in a similar situation. I see 2 options when you have a prospective buyer: a) notary contract now, payment of the purchase price (and thus transfer of ownership) in 18 months b) notary contract now, payment of the purchase price now, agree on an 18-month right of residence in the notary contract.

Option b would be our way now. Because we want to use the money for the house construction then. The problem now is that the realtor of the property has not yet made a clear statement. We can only commit to the interested party once we have found a property. Otherwise, it could still take forever.