Inherited property with a prefabricated house built in 1978 - what now?

  • Erstellt am 2018-04-17 21:34:26

XTIAN

2018-04-18 12:41:04
  • #1
Thanks in advance for the input!

We are not attached to the property, but if it’s gone, then there’s simply no going back.

Of course, we could use the money.

Maybe selling is actually the best option for us.

There are also other opinions in our circle. For example, building a triplex and renting it out.
 

HilfeHilfe

2018-04-18 13:23:35
  • #2


Renovating (having it done) from 100k is stressful compared to building new.

Especially since these pollutants sound really bad....

Sell quickly and painlessly. Renting it out will probably never pay off after such a renovation.
Unless the house is in Munich with insane rental prices.
 

Joedreck

2018-04-18 13:53:17
  • #3
I would also consider whether to demolish the house beforehand and sell the property empty. The pollutants will massively reduce the price upon sale. And since you know this, you must not conceal it.. But first: take a very calm approach to the matter and gain distance. Then go through the options.
 

Nordlys

2018-04-18 14:06:18
  • #4
a) Sell. But it’s gone. Gone is gone. Stupid. Having is better than needing. b) Demolish and wait and see how life goes..... c) Renovate and rent out. Can become a bottomless pit. Rather not. d) Demolish and build rental apartments. On credit? Are you entrepreneurial souls? They are pain-free in that regard. Otherwise not good. Decide. I would be type b). Karsten
 

HilfeHilfe

2018-04-18 14:32:06
  • #5


I would rather be a) Pants down and sell. Let others deal with the stuff

If you have loans and assets as dead capital, you shouldn’t wait
 

XTIAN

2018-04-18 19:48:32
  • #6
You are really cool, thanks for the many opinions! That is really helpful.

When demolishing, it would also be added that the house is on a slope and has a basement. The slope would have to be filled in so that it can be excavated again later. I somehow find that unnecessary.

When selling, that might not currently be a big obstacle if there is an existing building on it.
The demand is there, several have already asked.

How would you approach a sale? First to a real estate agent?
 

Similar topics
28.05.2013I am getting a plot of land as a gift. How do I finance the construction?16
08.01.2014Opinions on the hillside property22
14.01.2014Plot on a slope; embankment - retaining - costs?10
30.03.2015Looking for ideas for a property on a slope28
10.04.2016divide a long, narrow plot12
16.06.2016Opinion about property25
19.08.2020Floor plan design for a two-family house on a slope246
15.03.2018When is a slope a slope? Basement vs. slab19
08.10.2017Catch with retaining wall - height specification12
13.12.2017Buy a Reihenmittelhaus KfW 55 standard and rent it out later27
03.04.2018Building the return of rural exodus back to the home city or countryside land plot62
04.07.2018Is building and renting a semi-detached house reasonable as a capital investment?21
15.08.2018Basic floor area ratio / floor area ratio for plots without a development plan: How to calculate? Experiences?18
05.10.2018Buy land first, then build - experiences / tips?26
24.01.2019Buy land - keep the house.. how to proceed best?45
14.04.2020Steep slope property, please provide an assessment17
05.09.2020What can we afford / finance? House / land13
08.06.2021Single-family house planning on a slope (2,700 sqm plot) - Experiences / Discussion42
19.08.2021Plot on a slope in the Munich outskirts - how to decide?54
05.06.2025South-facing plot 700 sqm, single-family house approx. 150 sqm, any ideas or input?41

Oben