Stepping into the realm of homebuying? Delve into the essentials of taxes, costs, and fees associated with this significant venture. In this journey, we’ll break down the financial facets of homeownership, offering insights for both first-time buyers and seasoned homeowners. Join us as we unravel the intricacies, empowering you to make informed decisions on Buying a house in Netherlands
1.Transfer tax (Overdrachtsbelasting)
The cost of transferring your new house will be 2% of your purchase price. however if you are under 35 years old you will not pay this price, the transfer will be free for your first house.
2.Bank guarantee (Bankgarantiewaarborgsom)
- 10% of the purchase price (by transfer or written bank guarantee).
3.Transfer contract (De leveringsakte)
- Contract transfer will cost you Around €450-€600
4.Mortgage adviser (Hypotheekadvies)
- the cost of Mortgage adviser varies Between €1500-€3500 this cost is Tax-deductible.
5.Mortgage contract (Hypotheekakte)
- this will cost you Between €450-€650 not that this is Tax-deductible
6.Valuation (Taxatierapport)
- this will cost you Between €400-€70o and this is Tax-deductible cost
7.Estate agent fee (Makelaarscourtage)
- 1-2% of the purchase price, in case you asked a real estate agent to look for a house for you.
8.Additional Costs (Kosten Koper)
- The extra expenses incurred by the homebuyer during the property acquisition, including transfer tax and technical survey costs (approximately €425).
In conclusion, understanding the various costs associated with purchasing a property is crucial for any homebuyer. From transfer taxes to technical survey expenses, being aware of these additional financial considerations ensures a smoother and well-informed homebuying journey. Happy house hunting!