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Dream house with lifelong right of residence: modern, good and affordable!
Purchase a modern single-family home in Bondorf with lifelong right of residence - 138 m² of living space, sunny garden, 349,000 euros.
Dream house with lifelong right of residence: modern, good and affordable!
An attractive single-family home is for sale in Stuttgart, which represents an interesting purchase option for potential buyers. The solid house, built in 2015, offers a generous living space of around 138 square meters and is located on an 854 square meter plot. The stated selling price is 349,000 euros, although the market value is estimated at around 520,000 euros. This difference makes the offer particularly attractive for interested buyers.
A central feature of the property is the lifelong right of residence for the current owner. This is an important legal element for buyers and brings with it some considerations. Upon purchase, a notarized contract was drawn up that governs the right of residence, ensuring that the owner can continue to live in her home as long as she is alive. This ensures greater security for both the seller and the buyer.
Purchase price options and payments
The offer includes various purchase price options: a one-off payment or a partial payment of 180,000 euros, followed by a monthly pension of 1,300 euros over a period of 10 years. In total this would cost 336,000 euros, which represents an advantage of 13,000 euros compared to the one-off payment. Also interesting is the agreement that if the owner dies before payments are completed, no further payments will be due.
Property details
The room layout of the house is well thought out. On the ground floor there are four rooms, an open living and dining room with an office corner, a winter garden as well as a bathroom and an open kitchen. The attic offers two bedrooms and another bathroom. Particularly noteworthy is the winter garden, which offers a beautiful view of the garden and a pond. The outdoor area is sunny and versatile, with several terraces and a tool shed.
The property is also energy efficient, equipped with gas central heating and solar panels for hot water production. A cistern with a capacity of 5,000 liters enables sustainable use of the water. These properties contribute to low energy consumption and a low energy efficiency class.
Legal aspects and meaning of housing rights
The lifelong right of residence is often discussed in the context of donations or real estate sales. It differs from housing law, which grants the sole right of use for the real estate. The right of residence, on the other hand, is a right of shared use that does not exclude the owner. In order for this right of residence to be legally robust, it must be registered in the land register. Otherwise it could be problematic when the house is sold. An example from case law shows that a grandmother was removed from her home due to an unregistered right of residence.
It is important for buyers and sellers to understand the rights and obligations associated with a right of residence. Apartment owners cannot terminate their right of residence. However, the owner of the right of residence must pay additional costs and is responsible for ordinary repairs, while the owner assumes extraordinary costs.
For further information or viewing appointments, interested parties can contact the contact points provided. This offer could represent an ideal opportunity for many to secure a home in Stuttgart.