Carefree in old age
Still living at home in the
autumn of your life?
Still living at home in the
autumn of your life?
What do you do with your
property when you get older?
There are different stages of living in every person’s life. For many people, from the children’s room to the room in a shared apartment, they eventually move on to owning their own home – and then at some point you reach an age when you notice that the requirements for a home are changing again.
The children have moved out and half of the house is empty, but still needs to be maintained. The partner dies and the house is too big and too lonely. The large garden with fruit trees and flower beds is increasingly turning from a relaxing hobby into a tedious burden. Climbing stairs is more difficult. In short: the property that was your home for a long time no longer suits your needs. But what to do with it now?
Michael Lang – Managing Director
Lang Immobilien is your expert for real estate in old age.
When you work with us, you benefit from numerous advantages:
If the home you love no longer suits your needs, important decisions need to be made. This guide offers you support with helpful expert tips.
What to do with the property in old age?
If you realize that your property no longer suits you, you can take different paths. What these are depends on the reasons why you are dissatisfied.
We would be happy to give you an initial overview of the possibilities your property offers as you age. For more information, we would be happy to send you a non-binding & Make an appointment for a free consultation.
A real estate annuity is the option of selling your own property to a new owner on a temporary or life annuity basis. The aim is for the property owner to receive a pension and be able to continue living in their own four walls.
On this topic we are cooperating with the market leader, Deutsche Leibrenten Grundimmobilien AG. We would be happy to introduce you to the various options for real estate retirement in a personal conversation.
A real estate annuity is the option of selling your own property to a new owner on a temporary or life annuity basis. The aim is for the property owner to receive a pension and be able to continue living in their own four walls.
On this topic we are cooperating with the market leader, Deutsche Leibrenten Grundimmobilien AG. We would be happy to introduce you to the various options for real estate retirement in a personal conversation.
You decide to move into an apartment that offers you plenty of amenities as you age. We will then support you in selling your property at a fair market price and accompany you with extensive services discreetly and with a great deal of sensitivity for your personal situation.
Maybe you are very attached to your own home, after all it was often a dream that came true. Accordingly, it is often difficult to sell to complete strangers. So if you have to move out for health reasons but don’t want to say goodbye to your property completely, renting it out is an option. If you would like to rent out your property, we will also help you find a suitable tenant. Find out about our services for landlords!
In some properties there is also the possibility of partial rental. By building ahead, some properties have a separate apartment that you can move into yourself and rent out the rest of the house. If you are sociable, you can also rent out individual rooms – given the living situation in Frankfurt am Main, commuters can do this, for example.
If your property is generally too big, too high-maintenance and perhaps too remote in terms of location, you can sell the property and use the proceeds to rent or buy a new, more age-appropriate apartment in the city center. We at Lang Immobilien support you in your search for a buyer and a new home.
You decide to move into an apartment that offers you plenty of amenities as you age. We will then support you in selling your property at a fair market price and accompany you with extensive services discreetly and with a great deal of sensitivity for your personal situation. If necessary, we can also find a suitable new apartment for you so that the change can go smoothly.
Real estate valuation for your
real estate sale with just a few clicks
What is your property worth?
Our extensive range of services
for your property sale
- Research – checking the floor plans | Land register extract | Examination of the utility value report | Owners meeting minutes | Operating cost accounting | Rental contracts
- Compilation of the lending documents | Energy certificate (external consultants, possibly subject to a fee)
- Advertising materials – Professional, emotional photos | Research into the environment | emotional lyrics | Floor plans in color with furniture | elaborate exposé | Exposé as an online mailer | Action flyer | Sales signs
- Marketing – Advertisements in daily newspapers and weeklies | Online marketing on all major internet platforms | Distribution campaign flyer | If necessary, theme party OpenHouse I Videos, for example on Videomakler-TV
- Viewing service – Advice on home styling, if necessary placement of external experts | Organization of small repair and beautification work | Prospect screening | Appointment coordination without the presence of the owner | Regular feedback by email, fax or telephone
- Sales negotiations – price argumentation and negotiations | Credit check | Financing partner service | Bank coordination | Mortgage appointment | Contract service | Notary service
- After-sales management – key handover | Document management | Moving service | Search service for new property | Conversion service
This is how Lang Immobilien
was able to help with the property in old age
During our long time as a real estate agent in Frankfurt am Main, we have supported many older people with their property in their old age. Below we have two examples of how Lang Immobilien was able to successfully help.
A few years ago an older gentleman came to us. He lived in a senior residence for people aged 50 and over in a large apartment. He bought it with his wife and lived in it with her. However, after she died, the apartment became too big for him and he wanted to sell it and move into a smaller apartment.
Before he finally came to us, he had already hired another agent, who had been trying to sell the apartment for nine months without success. So things should now go faster with us. The first thing we did was carry out a property valuation, only to discover that the previous agent had done a clean job. We came to the same conclusion – so it wasn’t the price.
In the next step, we carried out a comprehensive home staging and started the application. It only took three weeks until we found a suitable buyer and were able to complete the sale for a better price. The buyer even came from the same facility and was looking for a larger apartment.
Our customer was pleased with the quick success and was finally able to move into a smaller apartment that was better suited to his needs.
When climbing stairs becomes torture
Another, older customer of ours had lived in a beautiful maisonette apartment for 40 years. She had spent practically her entire life in the apartment with her husband, who had since died.
As nice as the apartment was, it was unsuitable for the needs of old age. Due to the design as a maisonette apartment, the lady had to climb many steps every day, but this increasingly caused her problems. The apartment was also far too big for her alone. Even though it was very difficult for her, she knew that she had to part with her apartment.
She commissioned us as a broker, we carried out a thorough property valuation and began marketing the property. It didn’t take long until we found a nice family as a buyer. Because that was also important to our customer: the apartment should not just be passed on to anyone, but to buyers who appreciate their beloved apartment.
She used the money from the proceeds to move into an age-appropriate apartment in a retirement home. Everything went perfectly in terms of timing, so there was a seamless transition to the new apartment.
Another, older customer of ours had lived in a beautiful maisonette apartment for 40 years. She had spent practically her entire life in the apartment with her husband, who had since died.
As nice as the apartment was, it was unsuitable for the needs of old age. Due to the design as a maisonette apartment, the lady had to climb many steps every day, but this increasingly caused her problems. The apartment was also far too big for her alone. Even though it was very difficult for her, she knew that she had to part with her apartment.
She commissioned us as real estate agents, we carried out a thorough property valuation and began marketing the property. It didn’t take long until we found a nice family as a buyer. Because that was also important to our customer: the apartment should not just be passed on to anyone, but to buyers who appreciate their beloved apartment.
She used the money from the proceeds to move into an age-appropriate apartment in a retirement home. Everything went perfectly in terms of timing, so there was a seamless transition to the new apartment.
Lang Immobilien will find the right solution for your retirement property
Property sold – what then?
Once you have sold your home, there are several options. You can use the proceeds to buy a ground floor apartment in the city, from which you can easily reach doctors and shopping opportunities. However, you have to carefully consider whether the proceeds from the sale of your property will make this possible.
You can also rent. This eliminates the responsibility for a property. There are now many offers that are specifically tailored to seniors. It is important that you think early on about how you will deal with your property as you age. This will save you and your family from having to make hasty decisions if everything has already been taken care of in the event of illness or death.
Lang Immobilien will find the right solution for your retirement property
No matter what you decide: Lang Immobilien will help you sell or rent your old property as well as buy or rent a new one that better suits your current living situation. If you are unsure which solution is suitable for you, we will be happy to advise you in a non-binding & free consultation appointment.
As a regional real estate agent with over 20 years of experience in Frankfurt am Main, we have often successfully advised owners on the subject of real estate in old age. You can also trust in our expertise and experience.
Arrange a consultation appointment now via our contact form or give us a call!