Dear forum members,
I have a few initial questions about building a house...
About us: I am female, 24 years old, and my partner is male, 26 years old. We are unmarried and have no children. We currently live in a rental apartment (around 100 sqm (1,076 sq ft), 560€ rent including utilities). My boyfriend is still in training but will earn about 2,200€ net per month starting in March 2018. As for me, I have been fully qualified for six years and have a permanent job. I earn about 1,600€ per month.
We want to convert a barn on my father-in-law’s property into a residential house... We do not plan to get married.
I do not want to pay "rent" to my boyfriend but would prefer to contribute to the loan as soon as possible. What is the best way to arrange something like this?
I would also like to know how to best protect myself contractually in case of a separation. Marriage is not planned, at least for the time being.
I should also mention that my boyfriend’s father is a trained bricklayer and would pay for the shell construction. A lot of the work on the house could be done ourselves.
Thank you very much 🙂
I have a few initial questions about building a house...
About us: I am female, 24 years old, and my partner is male, 26 years old. We are unmarried and have no children. We currently live in a rental apartment (around 100 sqm (1,076 sq ft), 560€ rent including utilities). My boyfriend is still in training but will earn about 2,200€ net per month starting in March 2018. As for me, I have been fully qualified for six years and have a permanent job. I earn about 1,600€ per month.
We want to convert a barn on my father-in-law’s property into a residential house... We do not plan to get married.
I do not want to pay "rent" to my boyfriend but would prefer to contribute to the loan as soon as possible. What is the best way to arrange something like this?
I would also like to know how to best protect myself contractually in case of a separation. Marriage is not planned, at least for the time being.
I should also mention that my boyfriend’s father is a trained bricklayer and would pay for the shell construction. A lot of the work on the house could be done ourselves.
Thank you very much 🙂
D
Deliverer23 Aug 2017 16:17SchleswigBau schrieb:
... the plot of land will remain in the ownership of the 'parents-in-law'?If that is the case, it will also be difficult for you to obtain a loan.
L
lisa-kessler23 Aug 2017 16:19So, if I understand correctly, the property is actually owned by the parents-in-law?
We have only been together for a year, but the father really wants it this way. And I would also like to have something of my own...
However, we haven’t discussed any details yet.
For accuracy: The parents live on the same property, which directly borders the barn.
Assuming we get married and the house is already built, what would the situation be then?
We have only been together for a year, but the father really wants it this way. And I would also like to have something of my own...
However, we haven’t discussed any details yet.
For accuracy: The parents live on the same property, which directly borders the barn.
Assuming we get married and the house is already built, what would the situation be then?
lisa-kessler schrieb:
So, is it basically owned by the parents-in-law, if I understand correctly?
We’ve only been together for a year... But the father really wants it that way. And I would also like to have something of my own...
However, we haven’t discussed any details yet.
To be accurate: The parents live on the property, which is directly adjacent to the barn.
Let’s say we get married... and the house is already standing. How would the situation be in that case?My advice: Given the current circumstances, it’s best to let it be and just enjoy life.
lisa-kessler schrieb:
converting a barn into a residential house... First, regarding the technical aspects: for this project, a barn would mainly serve as a source of exterior walls and, with a bit of luck, a usable roof. Both would need significant upgrades to meet current energy efficiency standards. This considerably reduces the value of the gifted structure.
Additionally, barns are often built right on property boundaries, which means that turning it into a residence would require an easement or building encumbrance registered on the neighbor’s land.
The whole project is planned on a type of leasehold property, and it’s unclear to me what kind of rights or claim (it can’t be for the share of construction costs owed to the friend) you want to have registered in the in-laws' land registry.
You will need very comprehensive advice—both legal and tax consulting.
lisa-kessler schrieb:
Assuming we get married... and the house is already standing. How does the situation change then? In any case, it does not become any less complex; it remains complicated. This would involve a joint prenuptial gain (the value added by converting the barn into a residence, starting from the renovation phase) and a (parental or in-law) gift (the barn up to the shell stage, located on land owned by others) incorporated into the marriage. It is one of the few cases where even business professionals understand how only three lawyers can come up with seven opinions.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
D
Deliverer23 Aug 2017 16:24Marriage does not change the situation. However, your husband can then gift you a portion of everything (this only incurs notary fees).
If you jointly take out a mortgage after marriage, you would be entitled to a share of the money in case of separation. If you are unmarried, the money is most likely lost. Although there are some changes in the law regarding this, it could still become a complicated matter if you do not regularly receive receipts signed by your husband.
If you jointly take out a mortgage after marriage, you would be entitled to a share of the money in case of separation. If you are unmarried, the money is most likely lost. Although there are some changes in the law regarding this, it could still become a complicated matter if you do not regularly receive receipts signed by your husband.
L
lisa-kessler23 Aug 2017 16:26The barn would most likely be demolished.