Hello dear forum members,
I already posted a thread in 2017, and we are still deciding what to do.
Back then, we were considering building on my parents-in-law’s property. The existing barn would be demolished and replaced with a new building.
I have already checked with the local building authority, and both the demolition and the new construction would be approved with certain conditions (setbacks from the parents’ existing house and the neighboring building).
A plot subdivision (parcel division) would also need to be carried out.
My father-in-law would cover the demolition costs (I had a preliminary discussion with a prefabricated house company that dealt with a similar case, and the demolition there cost around 30,000 euros, including connections).
Currently, there are three other interesting plots available, each about 750 m² (8,070 ft²), which would have to be developed within three years. These plots are serviced and cost approximately 39,000 to 40,000 euros each.
I feel very conflicted because I think there would never be full privacy there.
Additionally, my parents are against us building there, as they say that in the event of a breakup (whether we marry beforehand or not), I would be left responsible. Then my partner would have to pay the mortgage alone and buy me out. There is not much equity from either side (about 25,000 to 30,000 euros each).
What would you advise me as a neutral party?
I already posted a thread in 2017, and we are still deciding what to do.
Back then, we were considering building on my parents-in-law’s property. The existing barn would be demolished and replaced with a new building.
I have already checked with the local building authority, and both the demolition and the new construction would be approved with certain conditions (setbacks from the parents’ existing house and the neighboring building).
A plot subdivision (parcel division) would also need to be carried out.
My father-in-law would cover the demolition costs (I had a preliminary discussion with a prefabricated house company that dealt with a similar case, and the demolition there cost around 30,000 euros, including connections).
Currently, there are three other interesting plots available, each about 750 m² (8,070 ft²), which would have to be developed within three years. These plots are serviced and cost approximately 39,000 to 40,000 euros each.
I feel very conflicted because I think there would never be full privacy there.
Additionally, my parents are against us building there, as they say that in the event of a breakup (whether we marry beforehand or not), I would be left responsible. Then my partner would have to pay the mortgage alone and buy me out. There is not much equity from either side (about 25,000 to 30,000 euros each).
What would you advise me as a neutral party?
L
lisa-kessler8 Jun 2020 08:59The question about the plot of land was meant neutrally, that is, whether it would make sense for us to share the costs for the neutral plot.
If the price difference between demolition (estimated 30k) and owning your own plot with some distance (40k) is really that small, I wouldn’t hesitate and would invest the extra 10k. I generally think being close to your parents is a good thing, but having at least a little distance is still a great advantage.
My mother-in-law lives with us in the house; she is very reserved and has her own entrance, etc.
An advantage is that when the little ones are sick, which happens quite often at kindergarten, she can take care of them without much effort.
So, you would also have benefits on the shared property.
However, when selling the property in case of emergency, it would be difficult with strangers.
And the garden would always belong to her, even if you had divided it on paper.
Are the other plots in the new development area? If so, there’s no need to think twice—there are definitely young families there, and that is a big plus.
And the 10,000 to 20,000 difference in price that the plot costs more can even be an advantage for the financing if the bank rates the project as more valuable and offers lower interest rates.
An advantage is that when the little ones are sick, which happens quite often at kindergarten, she can take care of them without much effort.
So, you would also have benefits on the shared property.
However, when selling the property in case of emergency, it would be difficult with strangers.
And the garden would always belong to her, even if you had divided it on paper.
Are the other plots in the new development area? If so, there’s no need to think twice—there are definitely young families there, and that is a big plus.
And the 10,000 to 20,000 difference in price that the plot costs more can even be an advantage for the financing if the bank rates the project as more valuable and offers lower interest rates.
M
Matthew038 Jun 2020 09:35Would there be any kind of structural, terrain-shaped, visual, or other separation between your in-laws’ house and yours? I’m sharing my experience, but in our case, there is a 70-meter (230-foot) straight-line distance and a very large workshop/shed in between, and yes, that makes all the difference. Otherwise, I wouldn’t have wanted to do it.
What I mean is, the same plot of land doesn’t always mean the same situation—so how would it be for you?
What I mean is, the same plot of land doesn’t always mean the same situation—so how would it be for you?
L
lisa-kessler8 Jun 2020 09:44@Matthew03: The 3 meters (10 feet) distance to the neighbor and the parents' house must be maintained.
However, we need to keep a larger distance from the parents' house because the father-in-law has a tractor and needs to drive it to the shed located in the garden. It serves as a kind of driveway.
However, we need to keep a larger distance from the parents' house because the father-in-law has a tractor and needs to drive it to the shed located in the garden. It serves as a kind of driveway.
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