One becomes two - the division of real estate

Have your children left home and are you wondering what to do with what to do with the newly gained space? Or do you only rarely go to the first floor second floor because the stairs have become too strenuous? Then dividing your property may be a good solution. Because this way you can still benefit from a house that is too big.

A property that is too large can be a burden for a retired couple who only live living alone can be a burden. A house can usually be adapted adapted to suit the needs of the elderly. However, the question remains: what to do with too much space? Here it is advisable dividing your own four walls. This allows the property to be to use the property in a new way. This is because an appropriate redesign creates new, independent living space for family members or external tenants, for example. or external tenants.

This has several advantages. New roommates in the house offer social contacts or even support in everyday life. It also helps to sense of security, which is particularly important for single residents residents, but also for people who travel a lot or spend a lot of time in their second home. often stay in their second home. It also makes it easier easier to maintain the property by sharing the burden - both in terms of work and finances. Those who rent out the other part of the property part of the property has additional rental income. Another advantage advantage is becoming increasingly popular, namely the accommodation of care staff in the newly created apartment. This enables older residents to remain living in their own four walls and avoid avoid a stay in a nursing home.

If your own property is to be converted for a division, there are there are a few things to consider. In principle, the apartments should be clearly be clearly separated. Good sound insulation and an economical use of visual sparing use of visual relationships. Encounters and mutual perception should not impose themselves. As a rule, the following applies distance".

If you would like to share your property, you will need a declaration of division. This will specify which areas of the property or the property belong to the common property and which belong to the belong to separate property. It also determines the rights and obligations of the owners. Even if you do not live in your property yourself, but rent it out, the declaration of division is necessary. This is because it clarifies what is for communal use and what is for private use only. So that the declaration of division becomes legally binding, it must be notarized by a notary notary and entered in the land register.

But be careful! Dividing a property costs money. While costs for the notary currently amount to around 70 euros, the costs for costs for the conversion are correspondingly high. It is therefore generally difficult to generate additional income in the short term. In the long term, however, there can be major financial benefits. In In any case, it is advisable to always seek the advice of a real estate real estate professional before converting. They will advise you on what makes sense and what is worthwhile and what is not.

Would you like to know whether it is worth dividing your property worthwhile or whether it makes more sense to sell it? Get in touch with us! We will be happy to advise you.