Quite a few retirees feel like this: They have paid off their property in old age, but still suffer from financial bottlenecks – for example because the pension is barely enough to survive or because expensive investments are pending. Or you would like to treat yourself to something really good in the end of your life.
Probably the easiest way to obtain liquidity in such cases would be to sell or renew a mortgage on the property that has been paid off. But many house banks do not play along here, no longer grant loans to older customers. At the same time, not everyone likes the feeling of going into their old age with debt.
As an alternative, here is one Immobilienrente in the game. Various concepts have become established that are intended to enable people to stay in their own four walls for life, but at the same time to turn their property into money while they are still alive.
- Annuity: The property is sold for a monthly pension and a lifelong right of residence.
- Partial sale: A share in the property is sold for a lump sum and lifelong right of residence.
- Reverse mortgage: The property remains owned and lent.
Such models are usually aimed at property owners from a certain age, usually 65 or 70 years, and, according to experts, are especially suitable for people who have no close heirs.
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