Takeover of the parental home + extension for parents

Have you ever cared for a person? Do you know what awaits you? With your brother you can certainly find a solution. If necessary as an interest-free loan

No, I don’t know, but who ever knows that beforehand? One can only hope for their sake that they remain fit for a very long time. In case of emergency, I would take care of them until I reach my limits. But here it’s also about our idea regarding the house and everything. I think if we start a discussion about care now, we will be writing here until the end of time.

Is it possible for us to pay out my brother later so that we have the money for an extension and the renovation of my parents' house? As I said, he supports us in this matter and would be happy if it works out. My partner always argues that his aunt and uncle completely received the house from his grandma back then because they took on the duty of caring for grandma no matter what. Even before it was clear whether she would need care or how things would proceed. He thinks it could be the same with us, but I would find that very unfair to my brother. I want to hope that my parents will be with us for a long time and very healthy, but it could be that they suddenly die at some point and then, without any "work," the whole house automatically goes to me? I don't think that's right... This whole thing may be written a bit harshly now, but only so that one understands what I mean.

Sorry for the long text but many people have really answered. Thanks again for all the messages!

Lots of text is not a problem. There were many comments anyway.

So I can describe an existing case that applies to me:

My parents transferred two properties to me and my sister because they wanted to settle their affairs during their lifetime. My sister received a small apartment that she used herself during her studies (hello Bonn). The terraced house of my parents was transferred to me (for tax reasons my parents pay rent to me (66%), from which I finance ongoing maintenance).

Apartment approx. €50,000
House approx. €200,000

Problem: My parents want to treat us equally.

Solution: My sister and I agreed on a specific time X at which she is entitled to a payout. For us, this is when my godchild reaches the age of majority, and that will still take some time.

The agreement is notarized and binding but can, of course, be postponed forward or backward if we want.

So yes, you can pay your brother out at a later date! Especially if you all agree, that works perfectly!

A lot of text is not a problem. There were many comments anyway

So I can describe an existing case that applies to me:

My parents transferred 2 properties to me and my sister because they wanted to arrange their affairs during their lifetime. My sister received a small apartment that she used herself during her studies (Bonn greetings). The townhouse of my parents was transferred to me (for tax reasons my parents pay rent to me (66%), from which I finance ongoing maintenance).

Apartment approx. €50,000
House approx. €200,000

Problem: My parents want to treat us equally.

Solution: My sister and I agreed on a point in time X at which she has a claim to payment. For us, it is the coming of age of my godchild, and that will still take some time.

The agreement is notarized and binding, but can of course be moved forward or backward if we want.

So yes, you can pay out your brother at a later date! Especially if you agree, that works perfectly!

Hello Trademark,

that sounds like an option worth discussing!

I’m now "thinking" out loud:
My parents will have the house appraised in the next few days. Let’s say it comes out to be worth €200,000. My parents transfer the entire house to me and I agree with my brother that he will receive €70,000 in 10 years (a bit less than me as I take care of my parents in a normal scope). Should my parents become in need of care by then, the amount would be reduced accordingly by what would have been spent on care. My partner and I would thus have our own equity of €150,000 to build the extension for my parents. So the house and the extension would belong to us, my parents would move into the extension and only pay their running costs, and my partner and I would move into the house. For the necessary renovations and conversions (after all, you want to make it your "own" house), a loan of e.g. €50,000 would be taken out.

Would that be conceivable or am I now somewhere having a complete misconception?

.... Or is that unfair to my brother because we are basically moving into a complete house rent-free and have no further costs?

.... Or is that unfair to my brother because we basically move into a whole house rent-free and have no further costs?

The agreement with your brother and your parents has to be such that you feel comfortable with it and it doesn’t feel wrong. My opinion? And this is purely subjective and based on my own experience/feeling: In about a decade we will combine both properties (apartment + house) and split them in two. Even though I save significantly more taxes through depreciation. Why? Well, parents as tenants are difficult and we don’t care about the few thousand euros difference.

My problem:

(a little less because I take care of my parents to a normal extent). If my parents become in need of care by then, correspondingly less equal to the amount you would have paid for care.

That you can hardly put into "money"...

The agreement with your brother and your parents has to be such that you all feel comfortable with it and it doesn’t feel wrong. My opinion? And this is purely subjective and based on my own experience/feeling: In about a decade we will put both properties (apartment + house) together in one pot and split it in two. Even though I save significantly more taxes through depreciation. Why? Well, parents as tenants are demanding and we don’t care about the few thousand euros difference.

My problem:



You can hardly put that into "money"...

It’s not about a few thousand euros for us either. We just want it to work because it would be a win-win-win situation for my parents, my brother, and me. He clearly says he supports it and doesn’t want to put any obstacles in our way. I would actually prefer if we only split the "money" after my parents are no longer around. Our original idea was actually that my parents stay in the house and my partner and I build new on the property. Then my parents could have remained in their house and we would only have to deal with it when they are gone. But it’s all even more complicated (at least it feels that way and because of the church). Only if we do it so that we move into my parents’ house, then it’s rather difficult to split it later...