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These are the responsibilities of a property owner

It's a lovely idea: relaxing on the terrace of your own home while your children play in the garden. For many people, a property with a garden is still a lifelong dream that they want to fulfill. Once you have found the right four walls plus attractive green space, it is easy to get caught up in the excitement and forget what you must, can, and should do as a property owner.

Obligation to use

If the new property is to be used not only for residential but also for commercial purposes, this is only possible if a building permit has been obtained. If the property is only approved for residential use, no commercial activity may be carried out there

Obligation to tolerate

There are external influences that you must tolerate: these include, for example, the local garbage collection service collecting your garbage and your property being connected to the municipal water supply. Even if energy suppliers have to lay cables to connect you to the supply network, this must be tolerated. The situation is different with energy companies—you are free to choose between them.

Clearing and gritting obligations

When winter arrives with ice and snow, property owners are obliged to clear and grit the paths in front of their property, even if these are public footpaths. If you fail to do so and someone slips and injures themselves, you are liable as the property owner.

Traffic safety obligation

This duty is also intended to protect third parties. You must ensure that no one can be injured by any defects or damage to your property. This can include loose roof tiles, your children's swing that is no longer secure, or rusty nails on the outside wall. If something happens, you are liable as the owner. So check regularly to make sure that everything is still in good condition.

Energy-efficient renovation measures

Not only buyers, but also owners are obliged to carry out energy-efficient renovation measures. Especially in view of the energy transition or if you are planning to sell at some point, you should look into what you can and must do. A renovated property increases its value and finds a new owner more quickly. A local professional real estate agent can advise you as an expert in their field.

Do you have questions about buying or selling real estate? We will be happy to answer them—contact us, we will be happy to advise you.

Notes

For reasons of better readability, the generic masculine form is used in this text. Female and other gender identities are expressly included insofar as this is necessary for the statement.

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

Photo: © nastudio/Depositphotos.com

Renovation is often expensive, but can be worthwhile when selling the property due to a higher purchase price. It depends on the individual case and should be assessed in advance by a professional.

What is better: renovation or sale for DIY enthusiasts?

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We may already have the right property for you in our real estate database. We value personal contact and take time for you and your wishes to ensure a stress-free transaction. Contact us! We will be happy to advise you.

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