Good morning,
I have a question for the experts. In 2016, we built a KFW house in a new development area and have lived in it ourselves. Unfortunately, our personal situation has changed, and we are now considering renting out the house. Since we live in a very economically strong region, the value of the house has nearly doubled since completion. Selling is therefore not an option, especially as the community regulations require paying 15% of the land price upon sale.
My question is whether there might be any issues with the KFW bank or the mortgage lender if we start renting out the property for profit. The community’s regulations do not allow renting out single-family houses, although some neighbors rent out their basement or accessory apartments, which is also not officially permitted. Perhaps someone with expertise can provide some guidance?
Best regards
I have a question for the experts. In 2016, we built a KFW house in a new development area and have lived in it ourselves. Unfortunately, our personal situation has changed, and we are now considering renting out the house. Since we live in a very economically strong region, the value of the house has nearly doubled since completion. Selling is therefore not an option, especially as the community regulations require paying 15% of the land price upon sale.
My question is whether there might be any issues with the KFW bank or the mortgage lender if we start renting out the property for profit. The community’s regulations do not allow renting out single-family houses, although some neighbors rent out their basement or accessory apartments, which is also not officially permitted. Perhaps someone with expertise can provide some guidance?
Best regards
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