ᐅ How to manage a property relocation over a distance of more than 600 km?
Created on: 28 Dec 2021 19:20
K
kati1337
Hello everyone!
We are considering relocating to a different property and area.
Current situation: Newly built house from 2020 in Lower Saxony,
Looking for: Property or new build in Saarpfalz district.
We have thought of several options – maybe you have other ideas?
**1. Sell, move, rent, do a new build/renovation, then move again**
- On one hand, this is the easiest to manage, but on the other hand, we don’t really want to move twice in a short time or rent again.
**2. Find a property that is "livable," move in, sell the old house, then renovate/modernize**
- This essentially rules out a full renovation because it’s difficult to do one while already living there.
- It would be financially possible (significantly higher income than before, current savings rate is about twice the current loan repayment) – whether a bank would approve this is another question.
**3. Look for a new build project or property to fully renovate (“have it done”), move in when finished, then sell the old house**
- Financially similar to option 2 – doable, but this means double costs for a while.
- Full renovation or new build is possible. There are a few nice plots available there – however, due to the distance, we would have little opportunity to supervise the construction progress.
- Are there recommended companies for this kind of service, if you can’t be present on-site all the time? Just a building surveyor/inspector?
Do you have any other ideas?
We are considering relocating to a different property and area.
Current situation: Newly built house from 2020 in Lower Saxony,
Looking for: Property or new build in Saarpfalz district.
We have thought of several options – maybe you have other ideas?
**1. Sell, move, rent, do a new build/renovation, then move again**
- On one hand, this is the easiest to manage, but on the other hand, we don’t really want to move twice in a short time or rent again.
**2. Find a property that is "livable," move in, sell the old house, then renovate/modernize**
- This essentially rules out a full renovation because it’s difficult to do one while already living there.
- It would be financially possible (significantly higher income than before, current savings rate is about twice the current loan repayment) – whether a bank would approve this is another question.
**3. Look for a new build project or property to fully renovate (“have it done”), move in when finished, then sell the old house**
- Financially similar to option 2 – doable, but this means double costs for a while.
- Full renovation or new build is possible. There are a few nice plots available there – however, due to the distance, we would have little opportunity to supervise the construction progress.
- Are there recommended companies for this kind of service, if you can’t be present on-site all the time? Just a building surveyor/inspector?
Do you have any other ideas?
kati1337 schrieb:
Are there people here or does anyone know someone who has done something like this before? My girlfriend and her husband bought a house in November 2020, with the handover in August 2021! The purchase contract and payment were completed directly, and the seller gave them a small price concession.
The current situation really allows a lot of flexibility for some.. especially if there are multiple interested buyers, the seller can award the contract to the one whose organizational process goes most smoothly.
H
Hausbautraum2030 Dec 2021 08:42Regarding selling first and continuing to live in the house:
I know two families who moved in only one year after buying, and we experienced the same during our own search. It wouldn’t have bothered us at all. Considering several years of house hunting or the actual 1.5 years of construction time, one additional year is quite insignificant in comparison.
I know two families who moved in only one year after buying, and we experienced the same during our own search. It wouldn’t have bothered us at all. Considering several years of house hunting or the actual 1.5 years of construction time, one additional year is quite insignificant in comparison.
T
TheRealDomski30 Dec 2021 11:02I also agree that buying a property does not necessarily mean immediate move-in. When I build new or do a complete renovation, I usually have about 1 year, or currently possibly 1.5 to 2 years, during which I cannot use the house.
That's right, and having a few extra months in advance to plan a move is certainly beneficial for the buyers as well. Maybe that could actually be an option.
However, we would need to find a construction company that works reliably, and if something goes wrong, we would have to store our belongings and rent a temporary place somewhere. :O
However, we would need to find a construction company that works reliably, and if something goes wrong, we would have to store our belongings and rent a temporary place somewhere. :O
H
Hausbautraum2030 Dec 2021 11:24kati1337 schrieb:
That’s true, and a few extra months in advance to plan a move wouldn’t hurt the buyers either. Maybe that really could be an option.
But then we’d have to find a construction company that works reliably, and if something goes wrong, we’d need to store our belongings and temporarily rent somewhere else. :OWell, if finances aren’t extremely tight, you can definitely build in some buffer time.
I wouldn’t want the stress of storing things with a child.
kati1337 schrieb:
Are there people here or does anyone know someone who has done something like this before?
I keep wondering what you do in such a case if something gets damaged in the meantime. Of course, most structural elements are still under warranty, but what if a child draws on the wallpaper or scratches the stairs or something like that? We did it like this. Sold in April 2020 and received the full purchase price on July 1, 2020. We then had the right to continue living there until February 1, 2021, which we were able to shorten with two months’ notice (which we did as of December 1, 2020). The risk transfer was set in the purchase contract to the actual handover date (in our case, December 1, 2020). The real problem isn’t painted wallpaper, but if something serious happens (like in the Ahr Valley, worst case uninsured). A notary should be able to arrange this without any problems. The money was paid immediately anyway, because even if something happens to you or you flee to South America, the property still exists and transfers to the buyer.
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