The price of the home is not the only price you need to pay. Many additional costs are added. Take the time to plan for unforeseen expenses before committing yourself.
The credit guarantee
It can take on two different formats: the mutual bond or mortgage security. It usually represents between 1 and 2% of the borrowed amount.
Notary fees
They represent the most significance share of costs: roughly 8% of the amount for an older house. Incorrectly called “Notary fees”, they are composed, for three quarters, of taxes paid to the government.
Taxes
In addition to occupancy taxes, you will also have to pay property taxes the amount of which varies from one commune to the other. In general, it is shared between the seller and the buyer according to the date of transfer.
Work
In addition to moving fees, contracts, and home insurance, you must also consider any work to be done. Plan ahead to avoid surprises and set € 5 000 to 10 000 aside rather than renegotiate a loan for the work.
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