Listed properties. Living dreams with history.
Living in a historic building means becoming part of that history yourself. Buildings that are well over 100 years old very often form a solid stock for renovation and a good basis for high-quality and modern living space with a unique quality of life. Solid stone or brick walls, lovingly decorated facades, historic wooden beam structures and an old tree population are very often valuable legacies of our ancestors from times gone by.
An experienced team of initiator, developer, investor and architect with over 40 years of experience in the conversion of listed “Rheinischer Vierkanthöfe” transforms these buildings into unique manor houses and flats with high quality and great potential for appreciation.
home4you offers these dream homes directly from the developer and without a broker’s fee.
Many special features unite the properties, which are mostly located in rural areas, here are just a few:
- Peace and idyll in rural surroundings at the gates of the Cologne/Düsseldorf metropolises.
- Unique quality of life in a community
- Building and garden often additionally with fruit tree meadows or parkland
One thing, however, unites all historic buildings with listed status: there are always too few of them.
Over the past 40 years, our initiator can look back on the renovation and subsequent handover of 50 Rhenish square houses, but ultimately only around 1 project per year. With 12-20 units per property, these are always sold out very quickly due to a long list of interested parties.
After the start of sales, experience shows that all residential units are reserved within a few days and sold within a few weeks.
The sale marks the start of our 24-month construction period before we can hand over the turnkey property to you. Before that, you can still influence the final design of your living space.
- You have your own ideas about the floor plan?
- You would like to adapt the design of the interior?
With pleasure. In a planning meeting, our architect’s office will individualise the design and in a later sampling meeting, you will choose your personal favourites for the bathroom tiles and wooden floors from a range of alternatives. For your security, the basis of the purchase is a so-called property development contract, in which you naturally only pay after construction has progressed in accordance with the property development ordinance. Our investors take over the pre-financing of the entire property.
We therefore recommend that you prepare yourself:
- Request “information material” of previous building projects in good time.
- Have a free discussion now about financing on the basis of these documents.
- Take a close look at your wishes regarding the size, location and characteristics of your personal living idea.
- Let us inform you about our current properties and register you today for subsequent properties.
You will then receive comprehensive information and prices on our latest building projects at the same time as all interested parties.
If you wish, we can offer you very attractive interest rates through our financing partners and will be happy to provide you with a general tax and profitability calculation for listed properties as a basis for your discussions with your tax advisor, without obligation.
But now you would like to see what we have built in recent years and handed over to happy customers?
In our brochure “Monument Tour” we have listed some properties of the last 40 years with names and addresses. Why not set off on this journey on a sunny weekend and see for yourself the quality and quality of life in our properties.
Of course, we cannot invite you into the buildings, but visit our monuments and maybe you will get a glimpse or two through formerly old barn doors and large windows into the dreamy bright and modern living areas of renovated listed properties.
Your advantages at a glance:
- Unique architecture & light-flooded interior
- Idyllic and quiet residential location outside the metropolises with a special flair
- High tax advantages due to depreciation of listed buildings according to $ 7iEStG in the amount of approx. 65-68% related to the purchase price
- KfW subsidy with non-repayable repayment grant of up to € 40,000
- Close proximity to the best transport connections: Motorway connections to Düsseldorf, Aachen and Cologne
- Countless leisure facilities in the direct vicinity
- Certainty of completion and construction time
- Turnkey acquisition at a fixed price
- Extraordinarily high appreciation potential
Listed properties. High profit due to high additional tax depreciation
Monument properties – High profit due to high additional tax depreciation.
Expenses for the renovation of listed buildings can be written off and these offer the highest tax benefits.
The state can only partially fulfil its task of preserving cultural assets and therefore offers owners of listed buildings correspondingly high tax advantages according to clear regulations.
The buyers invest in an exclusive real value, equipped with the land register security of a property, as well as comprehensive inflation protection and potential for appreciation. In addition, there are significant tax advantages due to the increased special depreciation for listed buildings. Experience has shown that real estate ownership contributes significantly to asset formation and vested rights.
Both owner-occupiers and owners who rent out their property receive high tax savings through income tax depreciation of listed buildings in accordance with §40 DschG in conjunction with §7i and 10f EstG.
The construction costs invested in each property in question can be claimed as income-related expenses or special expenses in the income tax return over a period of 10 or 12 years, thus significantly reducing the overall costs.
The historically low level of interest rates, a rising inflation rate and the current discussion about the security of the EURO or the security of financial investments in general additionally lead to high demand and value stability of tangible assets.
Whoever acquires a listed property can save a lot of taxes.
However, the own conversion also bears some risks, which can lead to losing the benefits due to ignorance of the regulations for the protection of historical monuments. Therefore, you should trust experienced partners who have been dividing up and renovating large listed buildings into residential units for years. This offers several advantages:
- Massive buildings, some of which are hundreds of years old, are renovated according to the latest requirements for your quality of life.
- ow risk with maximum benefit.
Our sample calculation shows the enormous savings potential offered by the increased depreciation for listed buildings. Your tax advantages arise mainly from the increased depreciation rates of the property renovation – i.e. the proportionate investment costs.
They can be fully tax deductible over several years. However, the prerequisite for 100% depreciation of the pro-rata investment costs is that the property is let. In this case, the refurbishment costs can be fully deducted over a period of twelve years. In the first eight years, nine percent of the sum may be written off and in the remaining four years seven percent of the sum may be written off = 100 %.
If, on the other hand, you want to move into the listed property yourself, you can even claim 90% of the modernisation costs – over a period of ten years.
Reduce your tax burden and benefit from the capital released. Because here you can save taxes quite legally and even think about your capital build-up when buying a property.
- Old stock
- Renovation costs
Only after completion of the work will the certificate of completion state what proportion of the overall project the construction costs represent. Here the experience of our construction partner is approx. 65 %.
The remainder of the approximately 65 % is thus made up of 17.5 % land and 17.5 % old stock.
The refurbishment costs (65 % of the purchase price) can then be written off in full as described above when the property is let:
1-8th year 9 % = 72
9-12th year 7 % = 28
In addition, the remaining old stock is still accounted for with the usual depreciation of 2.5%.
In the case of own use, the depreciation amount (65% of the purchase price) is reduced to 90% and can be depreciated at 9% over 10 years.
Our example client buys an apartment for 390,000 EUR in a listed building and would like to rent it out afterwards as a capital investment and tax-saving model.
He has 90,000 euros of equity capital, 300,000 euros he borrows from the bank.
Interest rate: two percent, two percent redemption and 15 years fixed interest.
In addition, he has a special repayment right of another five percent of the loan amount per annum guaranteed, so that he can noticeably accelerate the repayment of the loan if he has surpluses after his tax return.
The calculated shares according to the developer’s experience are as follows:
- 17.5 % Land 250 EUR
- 17.5 % Old stock 250 EUR
- 65,0 % Rehabilitation costs EUR 500
For tax purposes, Mr. Mustermann can depreciate the building value of the property before renovation with the linear depreciation of 2.5 & and on the other hand, he can depreciate the complete renovation costs with the high monument depreciation rates – which initially amounts to nine percent plus the interest he pays on his bank loan.
|Taxable annual income (old)||65.000 Euro|
|plus rental income (12,50 EUR/qm)||12.000 Euro|
|ess monument depreciation AfA (9% von 253.500)||22.815 Euro|
|less AfA (2,5 % von 68.250 Euro)||1.706,25 Euro|
|less interest (circa)||6.000 Euro|
|Taxable annual income (new)||46.478,75 Euro|
Mr. Mustermann reduces his taxable income by initially over 30,000 euros through the investment thanks to the depreciation, which brings him considerable tax relief. In addition, his rental income is the same as the monthly rate plus interest to the bank, so he even has more money in his pocket through this investment.
How high the actual tax savings are, of course, depends on a variety of factors: Your tax bracket, number of children, tax allowances, other personal depreciation possibilities and much more.
Therefore, please ask your tax advisor for individual advice.
A worthwhile investment, because the increase in value of a property is not even taken into account here.
Programme 151 Monument Efficiency
EUR 100,000 Loan amount at 0.75
12,5 % non-repayable grant = EUR 12 500