When parents move in with their children

Perhaps you thought over the holidays how wonderful it would be to see each other more often. After all, children and grandchildren often live hundreds of kilometers away. If the rare get-togethers on the usual holidays and birthdays are no longer enough, you may have even considered moving closer to your family. But is it really that simple? And what actually happens to your own property?

It's not for nothing that they say you shouldn't transplant an old tree. After all, you've grown accustomed to life in the region over decades, you have friends, doctors, maybe even an allotment garden. But, as always in life, there are exceptions. Moving to be closer to your children or for health reasons can be one such exception. Once the relatives agree and the decision has been made, the major life change begins.

Because in addition to a new place to live, you also have to adjust to new neighbors, doctors, and surroundings. Giving up the home you've lived in and loved for years can be challenging and difficult. And despite all the planning and excitement, the question remains: what happens to your property?

Option 1: Renting

If you're considering renting out your property, you should think about the time commitment. Being away from home means you'll need to check on it regularly. Furthermore, you should be fully aware of your rights and responsibilities as a landlord to avoid rental disputes ending up in court. Since you probably wanted to be stress-free and relaxed with your family, you should consider this option very carefully.

Option 2: Sell

If you're considering selling your property, it's important to proceed as rationally as possible. Everyone is attached to their home, often one they've lived in for decades, and emotions are rarely absent. This should be taken into account during the valuation process. Emotional value doesn't necessarily equate to a professionally determined value. Sufficient time should also be allocated.

In both cases: consult a professional

If you're finding it difficult to make decisions, consult a neutral sales professional: a local real estate agent will handle the entire process for you smoothly and without stress. While they take care of the marketing and viewings, you can focus on what's important now: finding a new home close to your children.

The real estate agent can also assist you with the move, as they usually have good contacts with moving and decluttering companies. Once the agent has achieved the best possible price for your property through their professional sales process, you can finally begin your new life and live close to your family.

Are you planning a move and unsure what the best solution is for your property? Or do you need support with selling your home? Contact us! We'd be happy to advise you.

Notes

For the sake of readability, this text uses the generic masculine form. Female and other gender identities are explicitly included where relevant to the statement.

Legal notice: This article does not constitute tax or legal advice for any specific case. Please consult a lawyer and/or tax advisor to clarify the facts of your individual situation.

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