Renovation loan after gift

The gift has a catch if things go really badly.

You are still quite young at 27, and thus your parents are probably not very old yet either. But if within 10 years after the gift the (hopefully unlikely) case occurs that one or both become in need of care and the savings are no longer sufficient to pay for the care, the house will be used. Either you pay or the house will be liquidated.

That's always the case, regardless of whether you received a house as a gift or bought it. Even without owning a home, if things go badly or if you earn well, you can be required to pay. In fact, having an ongoing loan "helps" you more than it harms.
I know a couple who was about 200 € above the limit under which assets are protected. In other words, they would have had to pay 200 € monthly for the nursing home. So they bought a new car on credit with a monthly rate of 200 €, and the nursing home was then fully covered by the state (and before another storm of outrage arises: very few admit it, but in such a case, most would probably act this way).

The story of the couple either belongs in the realm of fairy tales or has been misreported. If it were that simple, there would be no more parental maintenance ;-)

However, I also consider the concerns regarding the reclaiming of the gift from a barely 60-year-old couple to be exaggerated, especially since for each year since the gift, 1/10 of the value is definitely exempt from the authority's access.

I also consider the concerns regarding the reclaiming of the gift for a hardly 60-year-old couple of parents to be exaggerated, especially since for each year since the gift 1/10 of the value is definitely exempt from the agency's access.

That's why I wrote "unlikely" in my post. However, I think it should be addressed. The notary informed me about it back then, as I didn't know anything about it.

I read your old posts (almost 2 years old). Were you able to build up equity in these two years? You still wanted to build back then. Now another possibility is opening up, and I see problems more elsewhere. If your parents don’t get along well with grandpa, then it won’t be much different between you and your girlfriend. Does he even know yet that soon craftsmen will be working over his head? Are your parents looking for another place to live and do they expect no compensation from you after the gift? Also, you didn’t write whether you have siblings who might later want something from the early inheritance from you. These are things that really need to be thoroughly considered and discussed.

Thanks in advance to everyone for responding.

I only recently learned about the gift and the 10 years. But I’m less worried about it because it would even be worse if they gave it to me in 15 years, as the risk might then be even higher.

:
Well, what do you mean by wanting to build, we had the idea and wanted to get information. Nothing more. We wanted to find out what is right for us. We have built up some equity which we of course also want to contribute, but unfortunately that is by far not enough for the complete costs.

Well, I get along well with him and know how to deal with him. And I simply have more ideas on how to solve difficulties with him. (For example, that he just wanted to give the cleaning lady the house key – parents just get upset about such things and are perhaps also a bit overwhelmed – but there are many other personal reasons. I simply see the solution there like with my brother-in-law: a door opening system with a chip that he cannot have copied and cannot just pass on etc.). Well, we will talk to him when it gets more concrete. First we have to know ourselves whether and how we can manage it and what is coming our way. So that shouldn’t be a problem, even if it is nice to point it out.

I am an only child (sorry, I thought I had written that) so there are no problems for me there.

No, they don’t expect anything but I (and I think everyone can understand that) still want to support them.

Nice when everything is considered and fits, then I wish you good success.