Multi-family house for rent

Of course, the total return counts, but I do see a difference between building and then immediately selling as condominiums or wanting to hold long-term. In the first scenario, the short-term return is especially interesting; why should I care if, for example, the exterior facade needs to be repainted in 5 years, since I no longer own it...

Furthermore, the property should still attract new tenants in 10-20 years, what ideas do you have that could contribute to this?

I already inquired with a real estate agent, he said that in this location one could conservatively assume a rental price of 8.50€ per sqm if you don’t build absolutely cheaply. The market in this location is currently such that as soon as a sign is up that a multi-family house is being built for rent, people come rushing to the place.

Regarding the apartment sizes, I am currently thinking of 65-85 sqm with 6 units (total ~450 sqm). Smaller sizes probably have higher turnover, larger ones see a sharp decline in the price per sqm.

Hello,

Maybe a higher monthly rent can be generated on the landlord market if you explicitly advertise with KfW efficiency house.

A normal type of tenant does not care whether he lives in a facing brick rental building, nor whether it was built according to KFW 55 or whatever. If that were the case, he probably would never move into a concrete bunker. He is only interested in the monthly payment as well as the incidental costs; even the location is often secondary as long as the connection (transport links) is somewhat okay.

The question of luxury accommodation only begins in spheres that capital investors usually avoid ... unless they own an exclusive piece of land.

Happy New Year!

Regarding the apartment sizes, I am currently thinking of 65-85 sqm for 6 units (a total of ~450 sqm). Smaller ones will probably have higher turnover, larger ones will see the price per sqm drop significantly.

Don't forget that you also have to build one floor to be wheelchair accessible ;)

Happy New Year!

Don't forget that you also have to build one floor accessible for the disabled ;)

Sure, this so-called disabled-accessible design that in fact excludes every wheelchair user. I would rather call it age- or knee-friendly.

But what interests me is whether my rental house has a brick facade or not, because otherwise I would have to have it repainted after x years, I thought this had become clear.

Hello,

I am interested, however, in whether my rental house is brick-clad or not, because otherwise I will have to have it repainted after x years, I thought that was clear.

This is a fairly simple calculation. How much does the cladding cost you for the multi-family house and what, in comparison, does painting the facade after 15 years cost? Don’t forget that a cladding facade also gets dirty.

Rhenish greetings

Speaking as a tenant (unclear if anyone here cares ;-) ... I don't care whether it's brick or plaster, as long as it looks tidy - although as a North German, I naturally associate brick with a bit more quality. I do care whether heating costs are 50 € or 100 €, but not whether it's KFW200 or KFW20. What interests me a lot is soundproofing... currently I live in an apartment where I can hear the neighbor's phone vibrating and the bathroom ventilation of the tenant above. Of course, I also care whether the rent is 550 € cold or 700 € cold.

But you say that there is a high demand for living space - is it then possibly not viable to want to target certain tenant groups - in your case those who are willing to pay 700 €, but also expect solid construction quality?

Don't skimp on detailed planning and construction supervision.