Single-family house with listed building depreciation + KFW

In a prime, central location in Altötting, less than an hour from Munich, a unique property with a special charm is being created. It combines the advantages of country life with an urban, sustainable style of living and working. The project impresses with its comprehensive refurbishment and contemporary furnishings - an attractive opportunity for investors and owner-occupiers alike

The interior design offers an open-plan living and dining area and maximum flexibility in the floor plans with 5 rooms, 3 of which can be used as a study, guest room, children's room, fitness room or dressing room. A small, charming courtyard garden facing south-east is provided for the private outdoor area.

The "Haus an der Basilika" is located in the middle of the "Altstadt Altötting" redevelopment area and is promoted as a building worth preserving. This means that both investors and owner-occupiers can deduct a large part of the refurbishment costs from their taxes as a listed building depreciation allowance, which significantly reduces the purchase price. In addition, the KFW promotes the purchase of the property with low-interest loans and attractive repayment subsidies.

DENKMAL-AFA
T­he preservation and conservation of buildings worthy of protection is actively promoted by the legislator through tax concessions. The German Income Tax Act offers buyers of listed buildings the opportunity to claim tax deductions for construction and planning expenses for renovation measures that serve to preserve or use the building. This allows buyers, whether owner-occupiers or investors, to reduce their income tax burden considerably under certain circumstances.

The prerequisite for the monument depreciation allowance is that the property was purchased before the construction work began, as only the owner and client of the renovation measures are entitled to depreciation. The tax-privileged costs can be depreciated at 100% over twelve years if the property is rented out (eight years at 9% and four years at 7% in accordance with Section 7h EStG). For buildings that are occupied by the owner, the depreciation amount is reduced to 90% (ten years at 9% each in accordance with Section 10f EStG).

Altötting and is considered an insider tip on the real estate market in the Munich area. Thanks to the good connections via the newly built A94, you can be in Munich in less than an hour and still benefit from the affordable real estate prices.

The district of Altötting is centrally located between Munich, Passau and Salzburg, surrounded by diverse nature and is home to Bavaria's most important pilgrimage site and the longest castle in the world. As a high-tech region, the district is part of the so-called Bavarian Chemical Triangle, one of the strongest economic locations in Bavaria. With major companies such as Wacker Chemie, Linde AG, OMV and BASF, the region is also known as the "Silicon Valley on the Salzach" and is therefore a scientific region and a flagship for Bavaria's economic performance.

The "Haus an der Basilika" is in a prime inner-city location in Altötting, directly adjacent to the Papal Basilica of St. Anna and only a few steps away from the Chapel of Grace - the center of the famous pilgrimage site.

The neighborhood is characterized by listed buildings, the imposing basilica and the canon monastery of St. Rupertus with its extensive parks. Thanks to the central, yet very quiet location, all public facilities and excellent local amenities are within walking distance. Altötting train station is also just a 10-minute walk away. From there, it takes 1.5 hours to get to Munich city center or 15 minutes to Mühldorf, the nearest regional center. Thanks to the direct highway connection to the newly extended A94, Munich and the airport can be reached in just under an hour.

The central location with its attractive neighborhood and infrastructure as well as its good transport connections meets all requirements for a first-class location quality.