Many people who have worked all their lives and have already paid off their property in full face new challenges as they get older. Their property has often become too large, their children have moved out, and the running costs remain. At the same time, questions about the future of their home come to the fore: Should the property be passed on to their heirs? How can they generate capital without giving up their home? A partial sale offers interesting possibilities here.
What is a partial sale?
In a partial sale, owners sell a percentage of their property to a buyer but retain the right to live there. This means that you can continue to live in your familiar home while receiving a lump sum for the share you have sold. A partial sale is particularly attractive if you are attached to your property but it has become too large and you want financial flexibility without having to sell it completely or move house.
Did you know? A central concept in partial sales is usufruct. Usufruct means that you, as the owner, retain the right to live in or rent out the property, even if part of it has been sold.
Generate capital and shape the future
A partial sale opens up various opportunities to actively shape your own future. The money you receive can be used for personal wishes, renovations or to support your family. If you want to bequeath the property, a partial sale can also offer tax advantages and allow you to plan the transfer to the next generation in a targeted and timely manner. In addition, you retain the option of securing your right of residence for life, so you don’t have to worry about having to move out.
Inheritance, letting and flexibility
Many owners want to pass on their property to their children later on. A partial sale allows you to release capital at an early stage without giving up the property completely. Usufruct allows you to rent out the property and generate additional income. At the same time, you can decide individually how much of the property to sell and how to shape the future: for example, with a suitable property, you have the option of selling a proportion of the upper floor of your house while continuing to live on the ground floor – this would allow you to conveniently divide the property into two residential units or flats.
Note: In the course of a successful partial sale, you will of course receive a corresponding amount of money. However, if you continue to live in the property, you must take into account that a monthly “usage fee” – a kind of rent – is payable.
Conclusion: Partial sale as a solution for the ageing generation
Partial sale offers owners a flexible and secure way to use their property, generate capital and actively plan for the future. Whether for your own quality of life, to support your family or for targeted asset transfer – with a partial sale, you remain independent and can shape your life according to your own ideas.
Do you have further questions and would like advice on the subject of partial sales? In this case, we would be happy to refer you to our reliable cooperation partner Deutsche Teilkauf.
If you are interested, we at home4you will of course be happy to assist you with the entire sales process and support you in your search for a suitable property that you can soon call your home.
