Financing - which construction financing is sensible?

  • Erstellt am 2018-03-31 16:44:18

ypg

2018-04-06 21:53:30
  • #1


Do it... only very few actually do it... even though they intended to.
 

HilfeHilfe

2018-04-07 10:06:17
  • #2
Oh I see )))
 

Climbee

2018-04-09 15:46:09
  • #3
Not always so simple. We have the same problem: we are not married yet and want to build on my parents' property. My parents' house is still on it, my mother has a lifelong right of usufruct, but the property and house were already transferred to me and my brother a long time ago. However, my parents have arranged the inheritance for the next generation: spouses are not entitled to inherit; if one of the siblings dies, their share goes to the other. If there are children, they inherit. If one of us remains childless (which I have just fulfilled), my share will go to my brother’s children after my death. Furthermore, my brother has bought a small strip of land that we are now allowed to build on as well (otherwise the additional house wouldn’t have worked). So, the fact is: I am building with my boyfriend (yes, we will also get married to at least somewhat simplify this already very complicated matter) on land that belongs to me and my brother. He himself has no chance of being registered in the land register, at least not for the share bequeathed to us by our parents. And one must be clear about this: the house always belongs to whoever is listed in the land register, no matter who paid what. We are also not quite sure yet how we want to do it. So far, it will probably come down to a community of ownership, where my boyfriend will own a small share of land (this is possible from the part that belongs to my brother) and we will own different shares. Both houses will be separate property with special usage rights (parent house my brother and I; mother retains her usufruct; new building my boyfriend and I). We still have to negotiate this exactly with the notary. Basically, I could do the whole thing alone. The land belongs to me, I have equity, he does not. Then he just pays 50% of the usual local rent and that’s that. But I don’t want that. Should I die, my partner would be left alone. If we do nothing, the house belongs to the landowners, meaning me and my brother. If I die, my brother gets it. In the worst case, my boyfriend would end up on the street. Even if we are married, because my parents have stipulated that the spouse is not entitled to inherit. If my brother dies, on the other hand, I could get into some trouble with the guardianship court, which would then take care of the interests of his three children. Suppose he has an accident together with his wife and the three children become orphans, the guardianship court would act in the interest of the children and possibly claim the inheritance share. So I would have to pay (and I surely couldn’t). Arguments like: they will inherit later don’t help. If the guardianship court thinks the children need the money NOW, they will demand it now. So this must also be secured. So something like this always has to be well clarified from all sides and assuming that the worst case will only happen at a very low percentage and that you can therefore not plan for it, I consider dangerous. If 0.2% hits you, it doesn’t get better by saying: but that was really unlikely! My boyfriend has no equity, so his share will correspond to half of the amount to be financed, but he will be listed in the land register. Would that perhaps be an option? Defining shares proportionally? I can understand that one wants to hold on to the fact that one has invested far more than the other (not unimportant in case of separation). But not putting him or her in the land register at all is not a solution either. In the event of death, the partner not listed in the land register is in a pretty bad position. I wouldn’t want that for my boyfriend.
 

HilfeHilfe

2018-04-09 15:57:54
  • #4
quite honestly


Harakiri if you ask me... I don’t understand that the parents approached this with a clear mind...

Family conflict is practically pre-programmed here. Why not say: Hey one gets everything but the other must be paid out fairly.

Usufruct ends with death.

Why always this everyone-is-owner-and-it-will-work-out mentality...

As a partner, I wouldn’t want to put up with such nonsense either. Constantly having to deal with brother-in-law.
 

Climbee

2018-04-09 16:04:09
  • #5
I can't change it, that's how it is. We are glad to have gotten any land to build on at all. There is basically no building land available here, and if there is, it’s almost unaffordable. We have to swallow the bitter pill now and try to make the best of it. Thank God we are very united within the family and no one wants to take advantage of the other. Therefore, I am confident that we will find a solution that everyone can live with.

What is crucial for us is that no one "from outside" can trick us. So the guardianship and probate courts of this earth.

The two brothers-in-law are good friends. Within the family, we will surely find a solution, but we also want to protect ourselves well externally.
 

Viddek

2018-04-09 16:05:29
  • #6
I have the advantage that I have no close relatives. Only my father, who has no right of residence.

Also, my girlfriend is not from the region. If she does not live with me there, she will never stay there.
 

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