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 16:26Ah, and then there is also:
New construction would be cheaper than renovating the barn.
Edit says: I jumped to conclusions there. All right.
New construction would be cheaper than renovating the barn.
Edit says: I jumped to conclusions there. All right.
L
lisa-kessler23 Aug 2017 16:30Deliverer schrieb:
Oh, and then there is this:
New construction would be cheaper than renovating the barn.
Edit says: I was too quick there. All right.But we did save the plot since it’s on the parents’ land, right?
Also, we will be able to demolish the barn ourselves... We could almost manage the shell construction on our own as well.
lisa-kessler schrieb:
But we saved on the land since it is on the parents' property? Land that belongs to others is worthless; I wouldn't invest anything in improving it.
As parents-in-law, I would consider making gifts twice over ten years before the onset of death or care dependency of the younger generation. However, that is a matter for a tax advisor.
https://www.instagram.com/11antgmxde/
https://www.linkedin.com/company/bauen-jetzt/
L
lisa-kessler23 Aug 2017 16:39Hello Curly,
It's hard to say, from what I've heard, land plots are being sold for about 40,000 EURO, but there won’t be any building plots available for the next 10 years.
And father-in-law just wants someone to stay on the farm...
So the barn was considered...
Which I actually think is a good idea.
It's hard to say, from what I've heard, land plots are being sold for about 40,000 EURO, but there won’t be any building plots available for the next 10 years.
And father-in-law just wants someone to stay on the farm...
So the barn was considered...
Which I actually think is a good idea.
If I were in your position, I wouldn’t start building just yet. You are still very young and have only been together for a year. Your boyfriend is still in training, and who knows where he will want to work later on; maybe he won’t like his current company anymore. Land is very inexpensive in your area, so you can always build later. Do you really want to stay with your parents on a farm? That sounds to me like quite a bit of work. Also, you need to consider that you must be able to afford the financing with only one income, in case you have children. So why not wait a few years first and see how things turn out?
Best regards
Sabine
Best regards
Sabine
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