Transfer property / not married

Hello everyone,

my girlfriend (28) and I (33) would like to fulfill our dream of owning a home. Now, of course, the question arises: "What should we do??"
Buy? Build? Renovate?

At first, we would of course like to consider the option "build." The background is that my girlfriend's parents would transfer a plot of land behind our current semi-detached house to us.
This would be about 2500 sqm in total; I don't have the exact dimensions on hand right now...

It would concern parcel 60/5 and 60/3.

Now the question is how we can best handle the transfer. Or would a marriage before the start of construction be absolutely necessary? What costs for the transfer should we roughly expect?

To what extent could the plot then be counted as equity?

Attached is an old overview of the plots

Thank you very much in advance for your help!

Now the question would be how we can do the transfer most cost-effectively.

The most cost-effective in terms of expenses (here: taxes and fees) is probably the transfer to the daughter (largely tax-free). A transfer [of half] to you would rather be taxable.

To what extent could the property then be counted as equity?

As far as the bank recognizes it as value (benchmark for this: standard land value).

Both questions can be better answered if the value of the property is known (what would a third party pay for it? What is the standard land value).

Taxes are one thing - assets in case of separation are another!

Out of greed to get everything as cheaply as possible, you end up with nothing in case of separation!!!

Therefore, information about the income situation is needed first.

Who earns how much and which shares of equity or repayment services are planned - before that, serious advice is not possible.

Is it already clarified whether further residential development is even allowed there?

Based on the map and the current usage/information, I would define it as an outer area, therefore possibly only privileged development for agricultural purposes or similar!?

Best regards
Dirk Grafe

Correction:

Just checked it in the F-Plan, it is indeed a residential area.

Here you apparently want to advise the man to definitely be included in the land register and pay the few euros in taxes and fees. I am sure that you would advise against a joint entry in the land register if it were not her, but him bringing in the property!

To Chris: talk, talk, talk! Clarify who has which expectations and how all (!) financial matters should be handled, starting with the equity, part-time/reduced salary because of children, up to separation or death. And especially for all negative scenarios, don’t forget to involve the parents as well. How would they feel about giving the daughter a property that could possibly go to you or have to be sold in case of divorce/separation/death?

These are often not the most pleasant conversations, but in my opinion they are inevitable to maintain family peace in the long run. And what is now discussed amicably to everyone’s satisfaction (and preferably regulated in writing!) will hopefully make it easier for all parties involved in the worst case...

By the way, there are certainly ways and means for a property from the parents to be transferred exclusively to the daughter even within a marriage - and even to prevent further transfer within the marriage. A good notary could certainly manage that if the parents do not want you to be in the land register...