Building a house despite being unmarried?

  • Erstellt am 2014-04-11 15:01:37

Chris2806

2014-04-11 15:01:37
  • #1
Hello everyone,

this topic has probably been discussed a lot already, but I think the situations are always a bit different... So here is my own contribution :)

My girlfriend (we have been together for about 6 years) and I would like to build a house. The building plot would be gifted to us by my girlfriend’s parents (how would this be legally best and most cost-effective, the plot is about 3,500 sqm).
I am 30 years old, my girlfriend is 25. We both have permanent jobs, I currently earn about €2350 net, my girlfriend about €1700 per month.
So much for the framework conditions.. :)

Since a large development area is to be built behind our building plot (a meadow behind my girlfriend’s parents’ house), and interest rates are currently quite low, we would like to build a house. My girlfriend is still attending evening school for another 2 years, where she is doing her technician qualification. Therefore, getting married is currently out of the question...

What are your experiences with loan approvals as an unmarried couple? Would we be at a significantly disadvantage? Currently, there is only a car loan with a remaining debt of about €10,000. Unfortunately, equity is hardly available :( About €15,000 + possibly [Bauriester]...

Would you rather advise us against building?

Many thanks for your help in advance :)
 

Doc.Schnaggls

2014-04-11 16:18:49
  • #2
Hello Chris2806,

basically, you are currently providing too little information to be able to assess your situation.

There is absolutely nothing against financing a house for an unmarried couple, even from a bank's perspective.

Positive factors:

- Land available

- Decent net income (approx. EUR 4,050) p.m.

Uncertainty factors:

- Children planned (what will happen to the 2nd income then)?

- No significant self-built equity in relation to income (what have you done with your money so far?)

These are not necessarily points that need to be discussed here in a forum, but you can expect that exactly these questions will come up during the financing consultation.

Transfer of the land:

Tax-wise (gift tax) an interesting constellation... Depending on the value of the land, gift tax may or may not be incurred. Your girlfriend definitely has a significantly higher exemption amount than you – here, only a visit to a competent tax advisor can be recommended.

Regards,

Dirk
 

Chris2806

2014-04-11 16:28:54
  • #3
Hello Dirk,

thank you very much first of all for your help. I myself have completed 2 apprenticeships + Abitur, which means that I have only been in a permanent position since 2010. In addition, my salary has also steadily increased, meaning I started myself with 1700€ net. It is similar with my girlfriend. She also only finished her training 3 years ago :( Therefore, unfortunately, we have not been able to save much so far... :(

At the moment I can save about 10000€ / year. My girlfriend about half, I estimate...
 

Doc.Schnaggls

2014-04-11 16:36:34
  • #4
Hello Chris,

good, that is a convincing reason.

With that, you should also be able to convince the banker / loan broker you trust.

It could also be helpful if you both keep a household budget book for a few months, in which you document all income, expenses, and savings carefully.

It’s annoying, but you get a lot of useful information from it and can better explain your financial situation to the lender.

Find out what you are allowed to build on the property ([Bebauungsplan] or similar) and have a talk with a bank that can then tell you what kind of loan you would get.

With these numbers in hand, I would then visit some developers and have them make offers according to your wishes.

An exciting time lies ahead of you – enjoy it and don’t let negative statements, which will definitely come, discourage you right away...

We have just fixed our house equipment over the last three days and are now waiting with great anticipation for the start of construction.

Best regards,

Dirk
 

Chris2806

2014-04-11 16:43:32
  • #5
Thank you very much for the response and good luck to you with the "Haus bauen" :)
 

Dindin

2014-04-11 16:53:43
  • #6
Hello,

we built last year and are (still) unmarried. For the bank, this was absolutely no problem. It was only important to us that everything between us is clearly arranged: for example, that the financing is equally divided between us, and that it is also clearly regulated who contributed what (e.g. equity).
 

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