Own house thanks to early inheritance
“I am eternally grateful to my father”
The Gehrig family from Oberrohrdorf in the canton of Aargau was only able to afford their own home thanks to a generous early inheritance. Claudia Gehrig is still infinitely grateful to her father. One day she also wants to help her children buy a property.
Equal opportunities for everyone has long since ceased to apply in the real estate market. After all, working hard and saving is no longer enough to be able to afford a house of your own. The gap will widen further in the coming years: over 400,000 baby boomers move out of their homes – and often pass them on within the family.
The birth lottery when buying a home has existed for decades, as reported by Blick reader Claudia Gehrig (57) from Oberrohrdorf AG. «28 years ago my husband Alois (62) and I started a family. Soon there were four of us. It was only thanks to my parents that we had the opportunity to become homeowners at all,” she says. Her father bought the small 4.5-room house 29 years ago for almost 500,000 francs. A workers cottage from the fifties.
«Renovated step by step»
“We rented from our parents for ten years. And then renovated the house step by step over the years.” For 100,000 francs that the father made available. The house was then transferred to the family 18 years ago. “A classic early inheritance,” says Gehrig. “So we didn’t have to bring the bank a cent of equity.”
She remembers: “Even back then, with even more moderate house prices, we would not have had enough equity to finance the project on our own. I’m eternally grateful to my father for giving us this opportunity,” says the trained nurse. Her husband Alois is a trained electrician.
Inheritance advances, as in the case of the Gehrig couple, are typical. However, many parents are not aware of the slumbering pitfalls. Inheritance disputes are inevitable, especially when there are several children involved and not all siblings receive help buying a house.
Owning your own home is becoming too expensive: “Only very few young families can afford it”(01:31)
Will the children benefit too?
Claudia Gehrig is already looking to the future. “In a few years our children will be in the same situation as we were then. But with the difference that young people today need more than twice the equity capital than we did back then to buy a property.”
The crux: You are currently not in a position to grant the children such a generous inheritance advance as they once received. “As craftsmen and carers, we couldn’t save that much,” says Gehrig. In addition, the daughter has just finished her studies. “That’s why she hasn’t been able to save big yet. But I’m confident that we’ll find a solution,” said Gehrig.