Real estate financing - the jungle of offers ...

Since the project is also posted in a non-construction forum where I am registered, I know that the freelance activity takes on a scale that is not insignificant for the financing.

Phew, I used to make that mistake too, at first you get flooded with private messages from unscrupulous sellers. I wouldn’t recommend trusting anyone there; I estimate the probability of finding a truly competent contact to be quite low. The sellers even sometimes "fight" each other in the thread.

On the topic: I would also initially doubt whether real estate is the right choice at all. You can realize security in other ways. Depending on the course of the illness... who knows how claims and necessities will change. Maybe you want to live in a lively area now, but later you urgently need more peace... (just an example...). Sure, you can sell, but it is always stressful and annoying and a gamble whether you come out with a loss or a profit.

Good morning! First of all, all the best for your future health! Quite spontaneously, I wondered whether an illness that leads to incapacity for work is compatible with a listed building. I assume, however, that you have already thought about the possible structural restrictions that could hinder you. Also, I wonder what speaks against transferring ownership of the apartment to you now at least? Or even moving in there? If the latter is not an option for you, I would still consider a gift (advance inheritance) and consult with your parents. Also with regard to future tax exemptions when inheriting, an earlier gift might be sensible.

1. I find the estimated renovation costs very ambitious. You should have a buffer of 30-40k. Especially with such old houses, there are always surprises. 2. The description of the financing aspects is just rubbish. Many relevant things are missing. What kind of assessment are you expecting there? 3. Regarding the land charge on the parents' second apartment; you really should get advice. Especially pros and cons regarding possible realization in case of needing care, etc. 4. Your personal situation is of course not nice; but sometimes you can't see the trees for the forest.

As for the other forum. There are already a few who know their stuff :D

On the topic: I would also initially doubt whether real estate is even the right choice. Security can be realized in other ways. Depending on the course of the illness... who knows how claims and necessities might change. Maybe you want to live in a lively area now, but later you urgently need more peace... (just an example...). Sure, you can sell, but that's always stressful and annoying and a gamble whether you come out with a loss or a profit.

I want to get "out" of the city – actually for years already. The property is more or less in the countryside, but thanks to a very good highway connection, it is reachable within not too long a time for friends and family. I live in Swabia – here, finding something affordable is really only possible outside if you are alone and don't want to go massively into debt – regardless of my personal situation, income, etc.

Furthermore, just generally, because you mentioned it and it also came up before here: I don’t want to write much about my situation otherwise, but it can hardly be avoided. The whole thing is already hard to digest, especially since I also have excellent degrees etc. I ask that you keep in mind here WHAT this means for someone. I am in my mid-30s and, thanks to a casual sentence (= diagnosis), I could/ can already say goodbye to half of my life dreams from the outset. For example, children – no longer an option. Tough luck.

I always wanted to move out, wanted a little house with space, among other things for my stuff and my animals. I’ve had various discussions with acquaintances here as well. How shall I put it: I also need perspectives. And a life that is worth living for me. The suggestion, for example, to just say now, ok, I’ll save money now and wait until the illness catches me, then waste my money and put myself in a one-room apartment, sell all my junk beforehand, give away my animals and yes... just bake small rolls then... That is unthinkable for me. And a perspective that is none. That’s not how I want to, can, or will live.

Having goals and realizing them, fulfilling a life dream for myself – all that has a positive effect on my illness, which is not psychological but, like many other illnesses, can be highly influenced by it.

Good morning! First of all, all the best for your health future! I spontaneously wondered whether an illness that leads to incapacity to work is compatible with a listed building. I assume, however, that you have already thought about the possible structural restrictions that might hinder you. Also, I wonder what speaks against transferring the ownership of the apartment to you now? Or even moving in there? If the latter is not an option for you, I would still consider a gift (advance inheritance) and consult together with your parents. Also with regard to later tax allowances when inheriting, an earlier gift might be useful.

Thank you very much :) So, the illness CAN lead to incapacity to work, but it does not have to. And: I do not need any structural changes or adjustments if it progresses. By the way, the house is exactly NOT listed, which I see as a big advantage (and it is quite rare for a house of this age). Regarding the apartment: As for gifting, etc., we still need to get advice. Otherwise, we have already gone through that—it would be "pearls before swine" if I moved in there. I don’t like the apartment, I don’t like the surroundings. The apartment is personally too small for me, there are fussy neighbors in the building, I have various animals... I just want to have freedom because I struggle when there are any little problems in the house. And: the apartment does bring in rent, which is significantly higher than what I would pay for installments on any of the properties I have had in mind so far. It also has a much higher value. All in all, I think nothing would be gained from that. Selling would still be an option, which my parents have brought up, but I would only agree to that if the money is then split between a cabin for me and a smaller condo that can be rented out, or one that is located somewhat farther outside. I do not want to completely cut into my parents’ retirement provision. And—the property interest rates are currently very favorable, so I consider a further purchase more sensible.