Inherited an apartment, when to sell?

I would personally sell the thing, just not under time pressure. Look for yourself what comparable properties cost in your area and add 5-10%. Every buyer is happy when they have negotiated you down...

Go to an appraiser, preferably one you know and who is approved by the tax office. Have them value the apartment as low as possible, but not so low that the tax office doubts it. We did it that way. After a year you can still sell.

This way you can save a lot on inheritance tax. If you were not related to the deceased, the allowance is only €20,000, so quite a bit of tax is due. Therefore, it might be better to rent out, although taxes are also due there.

Therefore, maybe it’s better to rent out after all, although taxes are due there as well.

I always feel happy when I have to pay taxes from my rentals. At least then I know I’m making money ;-) I would never ever want to sell an apartment next to a university (unless it’s the last dump). The square meter rents for student apartments are usually so high that it results in a fantastic return. Better to pay a few euros in taxes then...

Hello

I am slowly pondering.
After negative experiences, I no longer want to rent out. But maybe there are still rents that are normal.
I will get in touch with the university to see if there is a need and how high the rents are.
If I renovate the hut (modern design, new stylish bathroom), it will surely rent well.
But no noblewoman will get in there under any circumstances. The experiences are too bad. Mine was bitterly disappointed that a high noblewoman (Freifrau) does not own property and such a petty citizen does. And she is supposed to pay rent too. She did not accept that at all.

Steven

Not everyone has such good people skills to distinguish good tenants from bad ones. That's how it is, you can't be good at everything.
That's what you inherited :)

Not everyone has such good people skills to distinguish good tenants from bad ones. That's how it is, you can't be good at everything.
But you inherited that :)

The bad news is: no one can do that. Good tenants can also become bad tenants over time. A bad candidate can quickly wipe out the returns of the last 20 years. And in general: the higher your average tax rate, the worse the returns.

This is not meant to be a blanket argument against renting out, but contrary to the ubiquitous folk wisdom, you don't automatically get rich from it. Just as buying is not always better than renting...