The path to homeownership in Germany is a well-thought-out process that involves several phases. Initially, a financial budget is necessary, and individual consultation with a financial expert or a bank is recommended to choose the best financing option.
During the planning phase, the focus is on finding a suitable piece of land. This can either be an existing property designated for demolition or redevelopment or a third-party plot suitable for infill development or conversion.
The idea, concept, and analysis phase follow, where various concepts and feasibility studies are developed. This phase also includes clarifying the planning rights and coordinating with authorities.
The creation of planning rights involves submitting a building inquiry or carrying out a zoning plan procedure to obtain the right to build. Upon successful completion of this step, the construction rights creation begins. This includes approval planning, submitting the building application, and obtaining the building permit.
The execution phase commences after the creation of construction rights. The construction management takes responsibility for implementing the construction project, including the execution and allocation of construction work and the tendering process. Upon completion, the structure is inspected, and the construction project is concluded.
In the utilization phase, the building is handed over to the owner and can be occupied.
The entire process is complex and requires careful planning. It is advisable to get informed early on about legal regulations and requirements and, if necessary, seek professional assistance to ensure a smooth progression of the construction project. The dream of homeownership in Germany is realized through a structured approach and a solid understanding of legal and planning aspects.
Desmond John Beddy