Sell the property completely or partial sale with investment?

and factory buildings
wasn't DD bombed out? If a small excavator hits a few bombs there

you've got good costs on your back

Why? That saves the demolition! Boom!

The question is certainly also whether you can actually rent out the apartments at reasonable prices? People always say there is nothing available in DD. But when I search on Immoscout, I find plenty of results for rental offers.

this is a size too big for you. first you would have to find an investor who pre-finances the Dropps for you and then covers it through rent over several years.

the classic project business is to build and then sell at an inflated price. at least here you have an initial cash flow through notarizations. that’s what my developer once said. at least 50% have to be sold for the excavator to make the first cut.

you will easily need double-digit million amounts. you have no network and don’t believe that a developer like "GRO?KOTZ GmbH" will enter junior partnership with your filitiusues.

you need "stupid money"

that is one size too big for you.

possible.
Do you have experience with what, for example, a 6-story building with 12 residential units costs?

In terms of price, multi-storey residential construction is not that far removed from single-family house construction. For a single-family house, you calculate about 2000 per m². For multi-storey residential construction, 1500 € per m² would already be very cheap. No idea how many m² the development plan would allow on the property.

If we calculate with 1200 m², we come to at least 1,800,000 € just for the construction.

In terms of price, multi-story residential construction is not that far off from single-family house construction. For a single-family house, you estimate about 2000 per m². For multi-story residential construction, 1500 € per m² would already be very cheap. No idea how many m² the development plan would allow on the property.

If we calculate with 1200 m², we come to at least €1,800,000 just for the construction.

*5 buildings + parking spaces on the site

so 9 million.

No, I think you misunderstood something there. The plan is, on the site you can, for example, build 4 buildings. We are building one of them. The other 3 will be built by the buyer who buys the piece of land from us, where his 3 houses will stand.

If we could sell, for example, five thousand of the 8000m² for at least €250, we would have €1.25 million in the pocket, which we could use for our house.

Such an apartment has an average size of 70m². €1.25 million / 1800 (€/m² price) = just under 700m² / 70m² (per apartment) would be 10 apartments.

The problem is, it’s simply not profitable. There are also demolition costs, paths and utilities (which, however, could also be shared with the buyer). In addition, the hassle with the tenants. By the time the thing pays off, 20 years are over and the building is already junk again.

We also considered gutting the factory building and, for example, turning it into a nursing home. But for that, all ceilings would have to be removed, the roof renewed, walls insulated (although they are quite thick), possibly an additional floor added – also a mega project that would blow the finances.

We would just like a solution where the heirs later have a regular income. But so far we are missing ideas.