V
Vision 202522 Apr 2025 19:00Hello,
Unfortunately, I have to pay my ex-husband a settlement, so I urgently need to find a way to raise about €100,000 (approx. $110,000). I own a house with an 800 m² (8,600 sq ft) plot of land. The house includes a basement apartment, which is occupied by my mother, who needs care, and her caregiver. She has the right to live there and access to the garage, cellar, and garden. My daughter is an adult and lives with me. Once my mother passes away and my daughter moves out, the house will be much too large for me and the large garden will also be too much work.
The house is on a slope with an unobstructed view of the valley and the charming small town. However, this is only because the land below my plot is currently undeveloped. I am considering various options. The simplest would be to sell the plot, but that would mean losing the wonderful view, which I definitely do not want. Also, I would like to build on the land myself later on.
A. I sell the house together with the right of residence and build a small house on the plot. I would use the difference to pay the settlement.
B. I build a multi-family house as a building cooperative (4 units) and keep one apartment. I rent out the current house and sell it later (without the right of residence).
C. I divide the plot into two lots of 400 m² (4,300 sq ft) each and sell one half. I keep the other half and can build on it myself later. I also hope that the smaller plot will limit the height of any new buildings.
Is it possible to impose conditions on the plot, for example, that only two-story buildings are allowed?
What do you think? Are there other solutions?
Thank you for your opinions and thoughts.
Unfortunately, I have to pay my ex-husband a settlement, so I urgently need to find a way to raise about €100,000 (approx. $110,000). I own a house with an 800 m² (8,600 sq ft) plot of land. The house includes a basement apartment, which is occupied by my mother, who needs care, and her caregiver. She has the right to live there and access to the garage, cellar, and garden. My daughter is an adult and lives with me. Once my mother passes away and my daughter moves out, the house will be much too large for me and the large garden will also be too much work.
The house is on a slope with an unobstructed view of the valley and the charming small town. However, this is only because the land below my plot is currently undeveloped. I am considering various options. The simplest would be to sell the plot, but that would mean losing the wonderful view, which I definitely do not want. Also, I would like to build on the land myself later on.
A. I sell the house together with the right of residence and build a small house on the plot. I would use the difference to pay the settlement.
B. I build a multi-family house as a building cooperative (4 units) and keep one apartment. I rent out the current house and sell it later (without the right of residence).
C. I divide the plot into two lots of 400 m² (4,300 sq ft) each and sell one half. I keep the other half and can build on it myself later. I also hope that the smaller plot will limit the height of any new buildings.
Is it possible to impose conditions on the plot, for example, that only two-story buildings are allowed?
What do you think? Are there other solutions?
Thank you for your opinions and thoughts.
I still don’t fully understand the situation.
You have a house. Where is it located? On a plot of land. And at the same time, you have a second plot of land that is not developed?
What price do you expect for the house? The residential rights are a very tricky issue, as they can significantly reduce the value of the house (even down to zero). But more information would be needed to judge this.
Are you aware that building on a slope is expensive? A small house with 100 sqm (1,076 sq ft) can quickly cost 400,000 or more.
As a cooperative? With whom? And how do you plan to pay the capital gain? How is all this financed? Is it permitted to build a multi-family house? What does the zoning plan say?
Again, what about the numbers and a concrete plan?
Honestly, nothing can be said about your plans as they stand. There is a lack of detailed information and figures.
You have a house. Where is it located? On a plot of land. And at the same time, you have a second plot of land that is not developed?
Vision 2025 schrieb:
A I sell the house including the residential rights and build a small house on the plot. I pay the capital gain from the difference.
What price do you expect for the house? The residential rights are a very tricky issue, as they can significantly reduce the value of the house (even down to zero). But more information would be needed to judge this.
Are you aware that building on a slope is expensive? A small house with 100 sqm (1,076 sq ft) can quickly cost 400,000 or more.
Vision 2025 schrieb:
B I build a multi-family house as a building cooperative (4 units) and keep one apartment. I rent out the current house and sell it later (without residential rights)
As a cooperative? With whom? And how do you plan to pay the capital gain? How is all this financed? Is it permitted to build a multi-family house? What does the zoning plan say?
Vision 2025 schrieb:
c I divide the plot into two lots of 400 sqm (4,306 sq ft) each and sell one half. I keep the other half and can build on it myself later. I also hope that buildings on the smaller plot won’t be very tall.
Again, what about the numbers and a concrete plan?
Honestly, nothing can be said about your plans as they stand. There is a lack of detailed information and figures.
Addendum: What is the overall timeline? When is the divorce? The equalization of gains concerns the property, becomes due upon divorce, and must be paid within 12 months. If your ex cooperates, it might be possible to wait several years—the deferment, if necessary, must be approved by the court with valid reasons.
V
Vision 202522 Apr 2025 21:50Unfortunately, I am not debt-free as I am already paying off a loan for the house. Taking on another loan of this amount is not feasible.
V
Vision 202522 Apr 2025 21:55A I roughly estimate $550,000 for the sale and $450,000 for the construction of a small house.
B I would finance the capital gains from the portion each person must pay for the land. Each person finances the construction of their condominium unit independently.
C I estimate around $120,000 for the land.
The divorce has already taken place, and my ex subsequently filed for capital gains. It was and still is my house, which I received from my mother. Yes, that is possible.
B I would finance the capital gains from the portion each person must pay for the land. Each person finances the construction of their condominium unit independently.
C I estimate around $120,000 for the land.
The divorce has already taken place, and my ex subsequently filed for capital gains. It was and still is my house, which I received from my mother. Yes, that is possible.
Similar topics