Multifamily house - Building savings contract & pre-financing sensible?

whereby the latter is chargeable to tenants?

No. It's the landlord's responsibility; one is not forced to use this "luxury."

You are planning a slab foundation; cellar replacement rooms in the apartments? Technology?

Planned is with cellar, shed roof, underfloor heating everywhere and controlled ventilation with air heat pump, balconies for the 1st floor, roof terrace for the top floor and terraces for the ground floor

You wrote about a multifamily house for retirement provision without dealing with rights, duties, opportunities, and risks ... ? Do you have a self-used debt-free house / condominium? Or do you want to move in here?

A bit of a contradiction that you want to build up retirement provision but it is already secured through inheritance...

How did you come up with the idea of the multifamily house?

And again, an investment of this size does not necessarily have to pay off from the very beginning. If you have a vacancy in a condominium for one month, you cover it up

Why do you think I haven’t dealt with rights, duties, opportunities, and risks? Every member of my family over 40 owns rented residential property and homes. I have experienced everything around renting for 30 years, including rent defaults, problem tenants, construction and financing mistakes made by my parents. I feel quite well prepared for the whole project. We currently do not own a house yet but want to have one, which is hindered by the lack of building land.

I don’t see a contradiction there. I will inherit so much from my parents that I have a livelihood in old age. This livelihood will be above the basic security level, but I will not be a millionaire with it either. So why shouldn’t I try to provide for more? Besides, people usually work for their pension and I see it the same way. Only I do not go to my normal job now, earn money there, and then put it into a pension insurance or fund again, but rather work directly on my pension.

The idea came because I have been looking for investment opportunities for retirement for a while and focused quite early on real estate. Then last year my grandmother died and my father and I considered what to do with her estate, which includes this 1300 sqm plot of land among other things.

I would plan monthly with at least 10% rental loss and reserves.

Who is supposed to manage the project later on? I hardly believe you want to mess around with that for 6 units. So you won’t avoid a property management company that you, as the landlord, will have to pay.

I already have 3 tenants who would live there long-term and the location is really very good. I do not expect to have any significant vacancy there.

As I wrote above, I intend to manage and take care of it myself. As I said, this should be part of my retirement and I don’t want to get that for free, and somehow such a math degree has to have been worth it. ;-)

Planned are a basement, a pent roof, underfloor heating everywhere, and controlled ventilation with an air heat pump, balconies for the 1st floor, a roof terrace for the attic, and terraces for the ground floor

Thanks for the information.

For a multi-family house with a basement, the given cubic meters seemed too low to me; therefore, I guessed a slab-on-grade. If and as long as there are no surprises in the soil, the construction project should be ready to move in between 1.05 million and 1.1 million.

Why are you opting for an air-to-water heat pump instead of a brine-to-water heat pump? For a multi-family house, the investment does pay off, doesn’t it?

Rhineland regards

Should fit. Cubic meters x 400 euros/cbm is also a good reference point for planning.