DG
2014-09-22 10:37:58
- #1
An oil heating system would be a dealbreaker for me, but that is a very personal opinion. Personally, I would also be bothered by the fact that during renovation/refurbishment, you have to consider the usufructuary, but that can be organized. Renovation always causes dirt, and when you are finished downstairs, it will continue upstairs after the old lady moves out – then you will have dust in the house again.
Otherwise, I would definitely inspect the house with an expert and then create a battle plan for investments. The expert will cost you a few hundred euros, but that will probably pay off quickly.
3000m² of garden is no small matter either – you can do a lot with it, but you also have to be willing.
The question about the loan will be clarified once the expert has been there or at least an internal bank appraisal is available. Basically, I don’t see a problem here because the (mortgageable) value of the house increases when the value of the usufruct decreases – that is not a bad situation for the bank. So if you don’t use illusory values, I think you will find a bank you can live with.
Best regards
Dirk Grafe
Otherwise, I would definitely inspect the house with an expert and then create a battle plan for investments. The expert will cost you a few hundred euros, but that will probably pay off quickly.
3000m² of garden is no small matter either – you can do a lot with it, but you also have to be willing.
The question about the loan will be clarified once the expert has been there or at least an internal bank appraisal is available. Basically, I don’t see a problem here because the (mortgageable) value of the house increases when the value of the usufruct decreases – that is not a bad situation for the bank. So if you don’t use illusory values, I think you will find a bank you can live with.
Best regards
Dirk Grafe