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Bare ownership, what we should know about it

The bare ownership is generally an investment option for those who aim at the revaluation of the property in a long term, without immediate needs or housing (obviously the house remains available to the usufructuary as long as he is alive), or profitability (buy to rent). There is no doubt that for those who sell this formula satisfies the interest in obtaining liquidity, disinvesting, but without going out of the house and without a need to return received money each month. For those who buy, undoubtedly implies buying at reduced prices waiting for the moment of death to be able to become full owner. This is done as an investment, for example, in order to give the home to a child who is still small at the moment. Who buys a bare property pays indirect taxes according to the ordinary rates: so those who buy first house pay 2% on the price or cadastral value, if it the second home, pay 9%. As for the following expenses: direct taxes, (IMU etc), condominium expenses, ordinary maintenance, must be paid by usufructuary. The extraordinary ones remain the responsibility of nude owner.

Aspects to consider:

On seller's side

He can continue living in your home without any risk of being removed

He should bear tax burden

He will have to provide at his expense ordinary maintenance works

On buyer's side

He will not enjoy the house until the time of death of usufruct

He will not be required to bear tax burden

He will have to pay the extraordinary maintenance works

It is possible to buy the bare property even with mortgage. Naturally, given the reduced value of bare ownership, asked sum will be also proportionate to it. If then you get the consent of the usufructuary to register mortgage on his usage then the bank will have full guarantee and not only on bare ownership, so a buyer could get a larger sum to mortgage.