Do you have a business plan for your garage project? How much do garages cost? How high is the expected rent? What are the costs of the garage during the rental period? When will the garage pay for itself? My parents bought garages after reunification - 50 of them for DM 150,000. They currently get 40,- per garage at 96% occupancy. That works quite well. Today you pay almost 15,000 euros for a garage. I would sharpen my pencil again.
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5Mês
@Reinecke Hi there,
I don't have a building plan yet and am only in the initial phase of finding out about it (which doesn't stop me from saving money🤓)
Garages cost around €10,000 to €20,000 here. The expected rent is around 70-100€ (if I take local rents as a reference) it should then amortize after about 15-18 years I guess (I'm only 24 myself so that's perfectly ok)
What do you think about the idea of splitting the savings rate for this? That only makes up part of my total savings rate😊
I don't have a building plan yet and am only in the initial phase of finding out about it (which doesn't stop me from saving money🤓)
Garages cost around €10,000 to €20,000 here. The expected rent is around 70-100€ (if I take local rents as a reference) it should then amortize after about 15-18 years I guess (I'm only 24 myself so that's perfectly ok)
What do you think about the idea of splitting the savings rate for this? That only makes up part of my total savings rate😊
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@Garfield204 you would have to know exactly in the end and determine the return. Sometimes you will get more out of an All World. You really have to do the math. The savings rate ... well, that's more like youth research. In the long run, you'll find out what works best for you and then probably choose the best ones.
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