House purchase with multiple home savings contracts

Hello everyone,

my name is Johannes, I am 30 years old and come with a maybe somewhat unusual question. Just a few basic details about me.

Allgemeines zu Euch:

[*]Who are you? My girlfriend (27 years) and I (30 years)
[*]Are there children? no
[*]Are children planned? maybe sometime
[*]What do you do professionally? Both employees in industrial companies
[*]How many hours do you work? planned both full-time

Einkommen- und Vermögenssituation:

[*]What income do you have (gross/net)? Both about 2700 net + 900 Euro cold rent from a paid-off house
[*]How much equity do you have? 70,000 checking account, 40,000 stocks and 50,000 in building savings
[*]How much equity do you want to invest in the house project? 100,000

Ausgabensituation:

[*]current cold rent: live in an apartment in my parents' house where I don't have to pay rent
[*]phone, internet, mobile: 20
[*]other living expenses including insurance etc.: approx. 500-600 Euro

Allgemeines zur Immobilie:

[*]How large is the plot? 480 sqm
[*]What is the standard land value? 200 Euro
[*]New building, old building (year built), house type? Existing property, built around 1970, two-family
[*] ? 1
[*]How large is the house? ( / usable area) 185 sqm + 80 sqm basement (white tank, fully habitable)
[*]House has a heat pump, solar system with hot water preparation, ventilation system, air conditioning, smart home

four exciting topics that arise here. I summarize:

1.

[*]What income? … approx. 2700 net …
[*]other living expenses including insurance etc.: approx. 500-600 euros

(I have removed the girlfriend and the cold rent as income from rental will probably have to be set aside rather than counted as full income?!

Interesting is the breakdown of the 600€: do you have no insurances? Where is mobility? No hobbies or holidays? What do you eat? I think there is still a considerable missing amount to be entered.

2.

I will cover the financing COMPLETELY alone without my girlfriend.

Yes, with that house price it may be that the bank will accept you alone as debtor.

3.

utilities etc. The house is currently rented to 2 different parties

You first have to get the tenant out. As a single person who has an apartment, you cannot claim personal use.

4.

Various home savings amounts between 10,000 and 30,000 from different providers LBS, BHW and Schwäbisch Hall

Who is allowed to be entered in the land register there? I can imagine that there will be problems.

The house has a heat pump, solar system with hot water preparation, ventilation system, air conditioning, SmartHome

Also, of course, one must question how this written component fits into this construct. House year of construction 1970….

Tell me, could it be that it’s just such a crazy idea to buy the house because the opportunity just arises and the friend otherwise can’t get rid of the house on the open market? As far as I know, energetic renovation must be done after purchase.
Has an expert ever looked at the house and named an amount that needs to be invested?

Many building societies grant small loans without a land charge entry. With interest rates of 1-3%, it definitely makes sense to use them. If not for the purchase, then for the renovation of the new or existing house. From the start, keep the two apartments separate so that the tax office does not cause problems with depreciation. If the achievable rent fits, then go ahead

As far as I know, an energy-efficient renovation must be done after purchase.

As it appears, it has already been renovated and the obligation has never existed except for the heating

You first have to get the tenant out. As a single person who already has an apartment, you cannot claim personal use.

He has a rental apartment and wants to move in with his girlfriend. That is clearly personal use. He is definitely allowed to terminate one of the apartments.

Of course, I wonder how it is possible that a renovated two-family house with apparently good equipment is being sold for 270k. With an BRW of 200€, there is certainly more potential. Even for investors, at a price of 14 annual cold rents, this is highly interesting. Does the acquaintance really have that much money to give away?

As it looks, renovation has already been done and the obligation never existed except for the heating

That is not clear, since the second (extended) post no longer mentions it.
Given the price, I doubt that the house is equipped with all the bells and whistles.

He has a rental apartment and wants to move in with his girlfriend. This is clearly personal use. He can definitely terminate one of the apartments.

But there is at least a 3-year blocking period that protects tenants after a sale.

But there is at least a 3-year blocking period that protects tenants after a sale.

Sorry, but that is unfortunately not correct. Only the saying "purchase does not break rent" protects the tenant. Or the special case mentioned below, which you mean. A blocking period (which is not at least 3 years, but exactly 3 years – except in areas with housing shortages, where it is 10 years) exists only in one specific case. If apartments in a multi-family house were converted into condominiums after the tenant moved in, this blocking period applies. In all other cases, the notice periods according to the Building Code apply (i.e., a maximum of 9 months).