Mangolicious
2022-11-06 09:04:56
- #1
Dear forum,
maybe you can give us some helpful tips for the possible takeover of my grandfather's house.
The situation is as follows:
My father (only child) will inherit the house of my 93-year-old grandpa (who no longer lives in the house) relatively soon. He is the sole heir.
My two siblings have no interest in the house.
We (f29, m35, soon two children) are interested. For my father, it is primarily important that we are not excessively favored compared to my siblings, so that the good family relationship between us remains intact.
What different options and financing models are there so that we do not have to borrow expensive money from the bank, which would largely lie idle in my father's [Tagesgeldkonto]?
Should something possibly be considered even before my father inherits?
Maybe some additional information:
About the house: mid-70s, 170 sqm flat roof, gas heating, well-maintained condition, although I have no knowledge about the substance or similar.
About our current financial means: approx. 5000 euros net income (both working part-time), rather frugal types. Approx. 100,000 euros equity (another 70-100k tied-up, not available equity in the short term).
We would quite like to renovate the house energetically, if necessary and possible, ideally also install a new heating system, remove the open fireplace (or do something else with it, if possible), redo the kitchen, bathrooms, and floors. We don't really have any craftsmanship experience (we can prime walls, wallpaper, paint, remove tiles).
maybe you can give us some helpful tips for the possible takeover of my grandfather's house.
The situation is as follows:
My father (only child) will inherit the house of my 93-year-old grandpa (who no longer lives in the house) relatively soon. He is the sole heir.
My two siblings have no interest in the house.
We (f29, m35, soon two children) are interested. For my father, it is primarily important that we are not excessively favored compared to my siblings, so that the good family relationship between us remains intact.
What different options and financing models are there so that we do not have to borrow expensive money from the bank, which would largely lie idle in my father's [Tagesgeldkonto]?
Should something possibly be considered even before my father inherits?
Maybe some additional information:
About the house: mid-70s, 170 sqm flat roof, gas heating, well-maintained condition, although I have no knowledge about the substance or similar.
About our current financial means: approx. 5000 euros net income (both working part-time), rather frugal types. Approx. 100,000 euros equity (another 70-100k tied-up, not available equity in the short term).
We would quite like to renovate the house energetically, if necessary and possible, ideally also install a new heating system, remove the open fireplace (or do something else with it, if possible), redo the kitchen, bathrooms, and floors. We don't really have any craftsmanship experience (we can prime walls, wallpaper, paint, remove tiles).