Comission-free Plots for sale from private

Buying a plot of land in Germany: little space for a lot of money?

The purchase of land as the supreme discipline in the acquisition of land

What the recently unexpectedly deceased cabaret artist and book author Dieter Hildebrandt (1927-2013) probably referred to the first part of the equation - "Opinions are like land:Firstly, they are too expensive, and secondly, you can't always build on them" - but there is also a great deal of truth in the second, quasi-earthbound element of the whimsical aphorism: a plot of land can sometimes be astonishingly expensive and yet, despite its dream location, not be suitable for the personally desired development or even for any development at all. Definitely much more than old and new buildings, single-family houses and condominiums, plots of land of all kinds differ in terms of their sizes, locations and prices, as well as the individual potential usability; on some a luxury villa can be erected without any problems, while on others at best a larger garden is conceivable. In this context, plots of land are, to a certain extent, something like diamonds in the rough when it comes to investing in land, because their true value is not always immediately recognizable and they do not always reliably deliver what they promise at first glance. However, the more carats the future gemstone has, or the more potential uses a particular piece of land has in practice, the higher its price usuallyis.

Puttingthe desired land through its paces often saves grief and worry

Particularly already designated and/or developed building plots in desired and strongly in demand situation are today as good as not and nowhere more from private buyers as favorable opportunity or spontaneous bargain to get. At present much too little area for housing construction in Germany and too large profit prospects of commercially active and/or in the public order acting owners stand meanwhile almost immovably against it. Nevertheless the widespread dream of the house on the own property established by oneself did not settle by any means completely and everywhere, however most prospective customers must look today nevertheless by far longer and more exactly than still few decades ago, and also in many cases to some compromises be ready. Whose search for suitable building land is then finally favored by luck and crowned by success, which should not let itself be blinded nevertheless by pure outward appearances. On many initially immaculate-looking plots of land, there are often lurking cost traps that are difficult to calculate and legal barriers that are difficult to solve, which have already turned many a tear of joy from freshly baked landowners into one of deep sorrow in the blink of an eye. For example, before signing the contract, all experts strongly recommend having the property professionally inspected for possible contamination with contaminated sites. Informal information on this can also be obtained from the respective neighbors, if necessary, and official information from the state environmental and water authorities and the registers ofcontaminated sites.

Before the construction site come the barriers of bureaucracy: Avoiding the pitfalls

The rights of third parties to the use of the property should also be clarified in good time, as any existing rights to pipelines, paths, boundary development rights and boundary overbuilding rights can significantly restrict one's own use. Of course, the basic buildability of the property must be clarified beforehand, and planning and building code assessments must also be made together with the architect and the relevant authorities before the contract is signed. If no planning regulations exist, it is advisable to submit a preliminary building application. The standard land values of the local municipality are also helpful in assessing the actual land value; information on this can be obtained from the standard land value maps of the local appraisal committee. In these maps, land is divided into land that is subject to development costs and land that is free of development costs. Written confirmation of the status of the development and foreseeable future development costs should also be included. If you intend to buy parts of a plot of land, you will also need to obtain permission to divide it. In no case one should get involved also in the occasionally by black sheep of the trade offered, but always illegal contract variants for the purpose of saving the land acquisition tax at a value of 3,5% of the purchase price, here it concerns almost exclusively with large lack loaded shopkeepers and decoy offers. Buying a plot of land is therefore usually a time-consuming and energy-sapping task, but since in most cases it is a long-term life decision, the efforts involved deserve all due attention.

Short facts land acquisition:

- Land is often open for many things, but not always suitable for everything
- Versatile and different uses make for higher land prices
- The land as the basis of a house must be carefully examined
- Possible contaminated sites almost always and certainly cause major and new problems
- When two negotiate, the rights of third parties must be taken into account
- Compliance with bureaucratic rules is a prerequisite for success in construction
- Development, Partitioning and surveying are very important parameters
- Saving illegally on taxes can be much more expensive in retrospect