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Differing subjective assessments of the condition of an inherited property are not uncommon among co-heirs, particularly when some heirs wish to keep the property while others wish to sell it.
We systematically document the condition and quantify the anticipated repair costs, thereby placing subjective disagreements on an objective basis.
This objectified result often also facilitates negotiations regarding a possible equalization payment, if one co-heir wishes to take over the property while taking the need for renovation into account.
As additional security, it is advisable to obtain several independent cost estimates in parallel from tradespeople, who can specifically quantify the renovation needs documented in the appraisal report and make them comprehensible for all co-heirs.
A comprehensive photo documentation at the time of the inspection additionally provides legal certainty in case the physical condition changes further before the community of heirs reaches a final agreement.