Hello,
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.
Vision 2025 schrieb:
A I roughly estimate 550,000 for the sale You do realize that selling the house with a right of residence means the buyer won’t be able to use it as they wish because your mother will still be living there, right?!
Vision 2025 schrieb:
and 450,000 for building a small house A house with four residential units won’t be small. It will be about 400 square meters (4300 square feet), so that’s 400,000 per unit. How long do you expect it will take to find four individuals or families who are interested in such a project?
Vision 2025 schrieb:
Each person finances the construction of their condo unit themselves. And as @nordanney already asked: what is the floor area ratio? Is it even allowed to build a house there, and furthermore a multi-family house?
I think you need to come up with Plan C.
V
Vision 202523 Apr 2025 06:30You do realize that selling the house with a right of residence means the buyer can’t live in it as they wish, because your mother will still be living there, right?! Of course, I understand that.
A house with four residential units won’t be small. It will be around 400 sqm (4,300 sq ft), costing about 400,000€ per unit. How long do you expect it will take to find four willing individuals or families interested in such a project? I’m simply looking for solutions. I have a plot of land and don’t want it to remain unused. I know it won’t be easy.
And as @nordanney already asked: What is the floor area ratio? Are you allowed to build another house on it, and even a multi-family house? No, of course not one house plus another house. I would build a multi-family house on the 800 sqm (8,600 sq ft) plot. The floor area ratio complies with legal requirements.
V
Vision 202523 Apr 2025 09:43Not final yet, but I know the approximate amount. We have been disputing this for 5 years, and it is now also in court.
If I understand correctly, you already have a loan and cannot afford more. How is the new construction supposed to work then, if you
Then your ex will not wait for years until you receive any proceeds from constructions. He will expect his share "now" after the court decision (which he is entitled to in a timely manner).
From my point of view, the only option is to sell the plot of land. Or sell the house also "now" and move into a rental apartment first, or leave the mother in need of care alone with the new owners.
Vision 2025 schrieb:
Not finalized yet, but I know the approximate amount. We have been arguing about it for 5 years and it is now in court
Then your ex will not wait for years until you receive any proceeds from constructions. He will expect his share "now" after the court decision (which he is entitled to in a timely manner).
From my point of view, the only option is to sell the plot of land. Or sell the house also "now" and move into a rental apartment first, or leave the mother in need of care alone with the new owners.
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