Plots
Building land
Building Owners Award Finding Plots
The dream of owning your own home starts with the right piece of land. But how do you find the ideal plot at the best price? The search can be complex, but with the right strategies and information, it is achievable. Learn more in our detailed guide, which helps you avoid pitfalls and find your dream plot.
Mit Zugriff auf Google, BORIS, und Deep Research.
A strategic property search is crucial to save costs and avoid unexpected expenses. Use online platforms, local authorities, and estate agents to find the best deals.
Consider not only the purchase price of the land but also development and additional purchase costs. A soil report can help to minimise risks and avoid additional costs.
Utilise alternative financing models such as building cooperatives or heritable building rights to make your dream of owning a home a reality. Through careful planning and research, you can reduce land costs by up to 10%.
The dream of owning a home starts with the plot of land. However, the search for land can become a challenge for future homeowners. Prices vary greatly, and many factors need to be considered. This article provides you with a comprehensive overview of how to find affordable plots and avoid unexpected costs. We show you how to discover the best offers and secure your dream plot at the optimal price. Proper preparation and information are crucial for a successful and cost-effective land search.
The importance of plot searching for future homeowners
Thorough research is crucial for future homeowners. It allows for realistic budget planning and cost control, thereby helping to avoid unexpected expenses. A well-informed decision-making process is the result, assisting you in finding a suitable plot that meets your needs and budget. The right location, the appropriate size, and the suitable condition of the plot are key to the success of your building project. Careful planning helps you to optimally consider these factors and make the right choice.
Overview of the challenges in plot searching
Searching for land is often associated with challenges, particularly due to regional price differences and market dynamics. High demand in areas close to cities drives prices up. Various factors, such as location, size, layout, and soil condition, play a role in pricing. It is important to understand and consider these factors during your search. Knowledge of market dynamics and regional specifics helps you to develop realistic expectations and adjust your search accordingly. Use our land valuation tool to analyse the most important factors.
Are you considering building a home? Auctoa supports you in finding your dream plot at the best price. We offer comprehensive advice and help you discover the best offers while avoiding hidden costs. Contact us today to start your personalised consultation and take a step closer to your dream home.
The land prices in Germany vary greatly depending on the region. A detailed look at regional differences helps you allocate your budget optimally and identify potential opportunities. Knowing the most and least expensive regions allows you to focus your search and find the best deals. Here, not only prices but also quality of life and infrastructure play an important role.
Regional Price Differences in Germany
A federal state comparison clearly shows that there are expensive and inexpensive regions. Hamburg and Berlin are known for their high land prices, while Thuringia and Saxony-Anhalt offer more affordable alternatives. These differences are due to various factors, such as economic strength, population density, and housing demand. Understanding these differences enables you to strategically focus your search and possibly find your dream plot in less expensive regions. Hamburg and Berlin have the highest prices (€1,128.30 and €931.50 per sqm), while Thuringia and Saxony-Anhalt have the lowest (€52.80 and €45.60 per sqm).
Factors Influencing Land Price
The land price is influenced by various factors, including location, size, shape, and soil condition. Location is often the decisive factor, but the size and shape of the plot also play an important role. Soil condition can also affect the price, especially if there are contaminations or other issues. A plot in a good location with an ideal size and shape is usually more expensive than one with unfavorable characteristics. The location is of utmost importance, but also shape, size, degree of development, soil condition, and designation as building land are crucial.
The Standard Land Value as Initial Guidance
The standard land value serves as initial guidance when searching for land. It provides information about the average price for land in a particular region. You can find the standard land value in BORIS (standard land value information system). However, it is important to note that the actual price may deviate from this value, as individual property characteristics play a role. The standard land value is a useful tool to get an initial overview of pricing but should not be the sole basis for decision-making. The standard land value is derived from average prices of past sales within specific zones and offers a standardized metric.
The property search requires a strategic approach. In addition to online portals and regional newspapers, direct contact with local authorities and collaboration with real estate agents also play an important role. Combining these search channels increases your chances of finding the right property while saving costs. It is important to know the advantages and disadvantages of the different channels and use them effectively.
Online portals and regional newspapers
Online portals offer an initial overview of the market. Regional newspapers may contain private offers that are not available online. Both channels have their pros and cons. Online portals provide a wide selection and easy search, while regional newspapers often feature exclusive offers from private sellers. It is advisable to use both channels to get a comprehensive picture of the market. Use property portals, regional newspapers, local contacts, town hall/municipal office, district court (for foreclosed properties), real estate agents, and prefab house providers.
Direct contact with local authorities
Direct contact with local authorities such as the land registry office, building authority, and urban planning department can provide you with valuable first-hand information. You can find out about municipal subsidies and gain insights into development plans. The town hall is often a good contact point for young families looking for funding opportunities. Authorities can also provide you with information on planned construction projects and infrastructure measures that may affect the value of your property. Directly addressing local authorities (land registry office, building authority, urban planning department) is an important step.
The role of real estate agents
Real estate agents have local market knowledge and can offer you exclusive deals. In particular, Homeday agents are local experts and can help you find the right property. Take advantage of off-market offers that are not publicly accessible. A good agent knows the market and can provide you with valuable tips to find the right property at the best price. Working with an agent can save you a lot of time and effort and give you access to exclusive deals. Homeday agents have local market knowledge.
In addition to the pure land price, development costs and ancillary costs play an important role in budget planning. Builders must definitely take these cost factors into account to avoid financial surprises. A detailed calculation helps you realistically assess the total costs of your construction project and adjust your budget accordingly.
Development Costs: What Builders Need to Consider
There is a difference between developed and undeveloped land. With undeveloped land, you need to consider the costs for connecting to utility lines. Coordination with the local council is essential. Development costs can quickly amount to several thousand euros and should not be underestimated in budget planning. A developed plot is generally more expensive, but you save on the additional development costs. Coordination with the local council for development is necessary if the plot is not developed.
Ancillary Purchase Costs: Property Transfer Tax, Notary and Land Registry Fees
Allocate roughly 10-15% of the land price for ancillary purchase costs. The property transfer tax varies by federal state. Notary and Land Registry fees are around 2% of the purchase price. These costs are unavoidable and must be considered in budget planning. The property transfer tax can range from 3.5% to 6.5% depending on the federal state. It is advisable to find out the exact costs in your state beforehand. Ancillary costs include land registration, notary fees (approx. 2% of the purchase price), property transfer tax (3.5-6%), and brokerage fees (4-7%).
Further Costs: Ground Survey and Site Assessment
A ground survey and site assessment help you identify risks and avoid subsequent costs. Check the soil condition for any contamination and the groundwater level. Refer to the land use plan. A ground survey can provide you with valuable information about the soil properties and help you identify potential issues early on. The costs for a ground survey are money well spent, as they can help you avoid costly surprises. It is advisable to invest in a site assessment to evaluate soil condition, groundwater level, and potential contamination.
A detailed financial plan is essential before searching for a plot of land. Set your budget for land, additional costs, and house construction, and explore your mortgage options. It's crucial to include a financial buffer to cover unforeseen expenses. A solid financial plan is the foundation for a successful and stress-free search for a plot of land.
Detailed financial planning before searching for a plot
Set your budget for land, additional costs, and house construction. Check your mortgage options and include a financial buffer. A realistic assessment of your financial capabilities is crucial to avoid financial difficulties. Educate yourself about different financing models and choose the one that best suits your needs. The establishment of the available budget for land, additional costs, and house construction is an important step.
Alternative financing models: Building owner associations
Building owner associations allow you to share costs and build together. You share the land and costs with others, thereby reducing the financial burden. Leasehold is another alternative to buying. You lease the land for a specific period and pay ground rent. These models can help you realise your dream of owning a home even on a limited budget. Building owner associations allow multiple parties to share the land and associated costs.
Foreclosures as an opportunity
Foreclosures offer the chance to find land below market value. Information is available from the district court. The buying process can be faster than a regular purchase. However, it's important to thoroughly research the land and weigh the risks in advance. Foreclosures can be an interesting option for acquiring affordable land but require careful preparation and research. Foreclosures are a potential source for land below market value.
When buying property, there are some risks that you should minimise. Particular caution is advised with developer transactions. Check the land development status and submit a building pre-application to ensure that your construction plans can be realised. Careful due diligence is crucial to avoid costly mistakes.
Caution with Developer Transactions
Ensure that you have control over the property. Critically evaluate reservation confirmations and avoid hidden costs. It is important that the developer actually owns the property and that no hidden costs arise. Do not let yourself be pressured and take sufficient time to carefully review all documents. It is important to verify the developer's actual control over the advertised property.
Check Land Development Status and Submit Building Pre-application
Contact the building or city planning office to check the land development status. Also submit a building pre-application even if the land is not zoned as building land. This provides certainty before purchase. A building pre-application will inform you whether your building project is fundamentally approvable. This is particularly important if the property is not designated as building land. It is important to verify the land development status with the building or city planning office.
Land Register Inspection: Check Ownership and Liens
Inspect the land register to check the ownership and liens. This provides assurance during the transfer of ownership. The land register provides information about who the rightful owner of the property is and whether there are any encumbrances such as mortgages or land charges. A land register inspection is essential to ensure that you acquire an unencumbered property. It is advisable to obtain a land register inspection at the land registry office to verify ownership information and encumbrances.
Even with a limited budget, you can realise your dream of owning a home. There are various strategies to find affordable building land. Rural areas and smaller plot sizes often offer attractive opportunities. Alternative options such as demolition plots or family-owned land can also be considered.
Finding Affordable Building Land: Strategies for Builders
Search in rural areas and opt for smaller plot sizes. Purchase land and property separately and prefer serviced plots. These strategies can help you significantly reduce the cost of your land. Rural areas are often cheaper than locations close to the city, and smaller plots are generally more affordable than larger ones. Buying land and property separately can offer you tax benefits. Consider smaller plot sizes, locations in rural areas, separate purchase of land and property, and serviced plots to reduce costs.
Alternative Options: Demolition Plots and Family-Owned Land
Consider demolition plots and utilise family-owned land. These creative solutions can help you find a suitable plot even when options are limited. Demolition plots are often cheaper than new building plots since they are already serviced. Family-owned land can be a good option if you can take over a plot from your parents or grandparents. Young building families should contact the town hall to check on municipal funding.
Prefabricated House Providers: Building Land and Simplified Building Planning
Leverage the synergies with prefabricated house providers who often offer building land and enable simplified building planning. Explore prefabricated house models in show home parks and utilise the land offers from prefabricated house providers. Prefabricated house providers can often offer you a complete package that includes the land, house, and building planning. This can save you a lot of time and effort and help you realise your building project quickly and efficiently. Prefabricated house providers often have land and can simplify building planning and permits.
The property market is subject to constant change. Current trends such as living close to the city and shrinking regions influence price development. Technological advancements and automation also play an increasingly important role in property searching and valuation. It is important to be aware of these trends and to consider them in your search.
Trends in the Property Market: Living Close to the City and Shrinking Regions
Consider the trend towards living close to the city and recognise the opportunities in shrinking regions. In urban areas, price stability can be expected, while in rural regions prices might decline. This offers you the chance to find an attractive property in less expensive regions. The trend of living close to the city leads to higher demand and therefore higher prices in cities. In shrinking regions, however, demand decreases, which leads to lower prices. The trend towards living close to the city is expected to continue, which may lead to stable or rising prices in urban areas.
Technological Advancements and Automation
The digitalisation of property valuation and the use of automated search tools influence property searching. Use these technological advancements to make your search more efficient and quickly find the right property. Automated search tools can help you filter relevant offers and save time. The digitalisation of property valuation allows for a quicker and more accurate assessment of property value. Auctoa is revolutionising property and land valuation by using state-of-the-art automation and AI-supported human expertise to provide precise, certified, and market-based valuations.
Automated Valuation Platforms: Use fully automated valuation platforms for a quick initial assessment.
Hybrid AI-Human Appraisals: Benefit from hybrid AI-human appraisals for a more precise valuation.
Digital Market Analyses: Utilise digital market analyses to make informed decisions.
Extensive preparation and research are the key to successful land searching. Start early, search actively, and plan for a financial buffer. Use local contacts and seek advice from experts. With the right strategy and support, you can find your dream property at the best price.
The Importance of Thorough Preparation and Research
Start early and search actively. Plan a financial buffer and use local contacts. Good preparation and research are essential to finding the best deals and avoiding costly mistakes. Take sufficient time to carefully examine all aspects of the land search and make the right decision. Begin land searching as early as possible to avoid delays.
The Role of Experts: Property Valuers and Real Estate Agents
Use the support of property valuers for accurate assessments and real estate agents for market knowledge and negotiations. Professional assistance can help you realistically assess the value of a property and negotiate the best conditions. A property valuer can provide you with an independent appraisal of the land, while a real estate agent can assist you in finding the right property and negotiating with the seller. It's strongly recommended to engage experts such as property valuers or real estate agents for precise land valuation.
Continuous Learning and Market Adaptation
Keep an eye on the real estate market, follow trends and developments, and adjust your strategies while remaining flexible. The real estate market is dynamic and subject to constant changes. It's important to continuously educate yourself and adapt your strategies to current market conditions. Stay flexible and open to new opportunities to find your dream property.
Do you want to find your dream property at the best price? Auctoa supports you with cutting-edge technology and comprehensive expertise. We help you discover the best deals and avoid hidden costs. Contact us today to start your personalized consultation and take a step closer to your dream home.
On Hausbaukurs.de you will find information on land costs and the standard land value as a guide.
Homeday provides insights into land prices and the importance of local market knowledge through Homeday agents.
VR Bank informs about construction financing and offers tips on finding land, including contacting local authorities and checking the development status.
Fertighauswelt offers a magazine with tips on finding land, including the use of online portals and collaboration with prefabricated house providers.
What are the biggest challenges for property seekers?
The biggest challenges are the regional price differences, the high demand in areas close to cities, and the many factors influencing the land price (location, size, soil condition).
How do I find affordable land without compromising on quality?
Search in rural areas, consider smaller plot sizes, and check derelict properties or family-owned land. Also, take advantage of offers from prefab house suppliers.
What role does the land value index play in property valuation?
The land value index serves as an initial guide and provides information on the average price for properties in a specific region. It is available in the BORIS (land valuation information system). However, note that the actual price may vary.
What costs should I consider besides the pure land price?
Make sure to consider the development costs (connection to utilities) and the purchase-related costs (property transfer tax, notary, and land registry fees). A soil survey is also advisable to identify risks.
How can I protect myself from risks in developer transactions?
Check whether the developer is actually the owner of the land and avoid hidden costs. Don't be pressured and take sufficient time to review all documents.
What alternative financing models are available for buying land?
Building cooperatives allow you to share costs. The leasehold is another option, where you lease the land. Also, forced auctions can be an opportunity.
How do I find out if a plot is designated as building land?
Contact the building authority or town planning office to check the building land status. Even with non-building land status, submit a preliminary building request for certainty.
How can Auctoa assist me in finding land?
Auctoa offers you comprehensive advice and helps you discover the best deals and avoid hidden costs. We utilise cutting-edge technology and expertise to find your dream plot at the best price.
