The costs of purchasing a home in Rotterdam include more than just the purchase price.
Here are some important costs to consider:
1. Purchase price:
This is the amount you pay for the home itself. It is the most important cost item, but not the only one.
2. Costs Buyer:
In the Netherlands, the “buyer’s costs” are often borne by the buyer. This includes the transfer tax (2% of the purchase price in 2023), notary costs for the deed of transfer, and the costs for registration in the Land Registry.
3. Financing costs:
If you take out a mortgage, there are financing costs. This includes the mortgage interest, advice and mediation costs of the mortgage advisor, and any costs for a valuation report.
4. Notary costs:
In addition to the notary costs for the transfer deed, there may also be costs for the mortgage deed. These costs vary per notary.
5. Construction Inspection:
If you have a structural inspection carried out, this will incur additional costs. However, this can be valuable to detect possible hidden defects.
6. Brokerage costs:
If you have engaged a purchasing agent, you may pay brokerage fees. This is usually a percentage of the purchase price.
Once you own the home, you will have to take into account the costs of building insurance and any other insurance.
8. Maintenance costs:
Take into account ongoing maintenance costs. These may vary depending on the condition of the home.
9. Housing costs:
In addition to mortgage costs, there are also other housing costs, such as municipal taxes, water board taxes and waste tax.
10. Possible Renovations:
If you plan to renovate or adapt the home, the costs of these renovations should also be considered.
It is important to take all these costs into account when determining your budget and making an informed decision when purchasing a home. A detailed financial plan can help you identify these costs and ensure you are well prepared for the purchase.
As provided by Room Rotterdam Real Estate. Understanding both purchase and financing costs, as well as emphasizing the importance of a detailed financial plan and professional advice, is essential for potential buyers.
Mentioning specific details, such as transfer tax for existing buildings and the possible costs of a building inspection, contributes to a better understanding of what is involved. Addressing leasehold is also important, as it may be a factor that not all buyers are familiar with.
If you have any questions about these costs, it seems advisable to contact the real estate agents of Room Rotterdam Real Estate for personalized advice and guidance in the purchasing process. Sharing this information contributes to transparency and helps buyers better prepare for what is to come.