nordanney
2019-07-22 13:54:09
- #1
Yes, he certainly does. We are currently selling our terraced house. The plot is included in the purchase price calculation at €350 per sqm. Anyone who owns an undeveloped plot (building land) in the area easily and gladly gets €600 per sqm.
Then honestly, you are doing something wrong
When selling a house on just under 4000 sqm in Krefeld in the Komponistenviertel, it was advantageous to demolish the existing house because the building land without the house was worth significantly more. Now several houses stand on the plot.
That is a typical development plot. The value of the plot is rather calculated using a residual value consideration with regard to future use. You cannot compare that with a normal single-family house!
Building land allows for densification and higher margins than land with a single-family house on it. Therefore, a plot with an existing single-family house can be considerably cheaper.
Unfortunately, this does not apply to the small properties that the OP is dealing with. At best, purchase price = standard land value/comparable prices minus demolition costs. A colleague of mine lives near Stuttgart - in Waiblingen. He can confirm my statements 100%. In that area, you can no longer get a bargain.