Are you soon to be a property owner, but everything needs to be renovated? Here we’ll run through what options you have. And what is worth it for whom. Included: tear down.
© Florian Rainer/Anzenberger/plainpicture
Inheritance can be a surprising amount of work. Money is easy to spend or invest. But anyone who inherits a single-family home is faced with far-reaching decisions: whether to continue using it? Get rid of it? Have the roof re-covered first? Each variant has its advantages and disadvantages. Use the following tips to find the best solution.
More and more heirs will have to deal with such house issues in the future. The Deutsche Bank found in a study in 2024: “Inherited assets are changing structurally.” While ten years ago only 33 percent of all inheritance cases involved the transfer of self-used property, this proportion has now risen to 44 percent. The trend is likely to continue because it reflects how the generation now slowly approaching the end of their lives has built up their wealth. Homes played an important role in this. And that has a strong influence on supply and demand today – and thus on the value of the inherited properties.