Are your children out of the house and you are considering what to do with the newly won space? Or do you only rarely go to the first floor because the stairs have become too strenuous for you? Then perhaps the division of your property is a good solution. Because this is the way to take advantage of a house that is too big.

A property that is too large can be a burden for a retiree couple who only live in it. As a rule, a residential house can be adapted to its age by appropriate construction measures. Nevertheless, the question remains: What to do with too much space? Here it is advisable to share your own four walls. This makes it possible to use the property anew. Because a corresponding redesign creates new, independent living space for, for example, family members or even external tenants.

This has several advantages. New roommates in the house offer social contacts or even support in everyday life. It also helps to strengthen the feeling of security, which is particularly important for single residents, but also for people who travel a lot or spend more time in their second home. It also makes it easier to maintain the property by sharing the burden – both in terms of work and finance. Those who rent out the other part of the property also have rental income. Another advantage is gaining more and more popularity, namely the accommodation of nursing staff in the newly built apartment. This enables older residents to stay within their own four walls and avoid staying in a nursing home.

If your own property is to be converted for division, there are a few things to consider. In principle, the apartments should be clearly separated. This requires good sound insulation and economical use of visual relationships. Encounter and mutual perception should not impose themselves. As a rule: “proximity at a distance”.

If you want to divide your object, you need a declaration of division. This regulates which areas of the real estate or the land plot belong to the common property and which belong to the special 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, a declaration of division is necessary. Because it clarifies what is used jointly and what is only used privately. In order for the declaration of division to become legally binding, it must be certified by a notary and entered in the land register.

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

Would you like to know whether a division of your property is worthwhile or whether it makes more sense to sell it? Please contact us! We will be happy to advise you.

Fotos: © Jacek_Sopotnicki