Questions about taking over the parental home

Good day everyone,

Some time ago I came across this forum because I am currently dealing a lot with this topic. I hope to learn a lot here and maybe also help some people.

At the moment I am thinking about taking over my parents' house. Here are a few key details: 1300 sqm plot, living space about 300 sqm + expandable attic, built around 1930 - 1950, double garage 72 sqm, estimated value about €370,000. Currently, my parents (both 55, employed) occupy about 120 sqm on the ground floor, my girlfriend and I (26 and 27, employed) live in the attic with about 110 sqm. The remaining living space with three rooms is rented out to craftsmen and trade fair guests (about €600 income per month). In the course of the takeover, there is the idea that my parents move into the currently rented part of the house and then give us their 120 sqm additionally. A relatively large number of renovation and conversion measures are necessary. Now I am a bit unsure about the financial aspect. The house is not yet paid off. There is still about €150,000 outstanding.

There certainly will be no royal road. But which measures are "usual" in such a case?

I am grateful for any information and tips!

Good evening,

I hope you are willing to explain ...

EG (parents) - 120 sqm
DG (girlfriend & you) - 110 sqm
Craftsmen - on which level?
Expansion reserve in the attic - how much?

Rhenish greetings from on the road

The craftsmen are also on the ground floor, the expansion reserve for the attic is directly above, approximately the same size (about 9x8m).

Good evening,

Thank you!

The craftsmen are also on the ground floor, the expansion reserve for the attic floor is right above it, roughly the same size (approx. 9x8m).

I seem to be at a loss ... I currently have no idea what your parents' house "might" look like. Ground floor: 190 sqm and attic floor 110 and expansion reserve above the attic floor another 70 sqm? That can hardly be right ... or an originally extended ground floor with a 70 sqm granny flat as a gable roof extension and the attic floor above?

Rhenish regards

I quickly created a "graphic." This is how it is divided, and I hope it is clear. I messed up the sizes a bit earlier. The parents' ground floor has 130 sqm, our attic has about 120 sqm due to a balcony, the craftsmen on the ground floor have approximately 72 sqm, and above that is the attic.