H
Henrik081712319 May 2016 23:26Hello,
a very simple question right away:
Is it correct that there are lower additional costs like realtor fees, notary fees, and property transfer tax with a new build? For a new build, you only pay these costs on the land, whereas for an existing property, you pay them on the total value of the property, meaning both the house and the land, right?
a very simple question right away:
Is it correct that there are lower additional costs like realtor fees, notary fees, and property transfer tax with a new build? For a new build, you only pay these costs on the land, whereas for an existing property, you pay them on the total value of the property, meaning both the house and the land, right?
Sascha aus H19 May 2016 23:34That is not correct. Whether you buy a house including the land (regardless of whether it is a new build with developer restrictions or an older property), you will always have to pay notary fees, land registry fees, property transfer tax, and possibly a broker’s fee based on the purchase price.
For new builds, additional ancillary construction costs apply, which are generally estimated at around 40,000€ (approximately 43,000 USD). There is potential for higher costs.
However, this topic has already been discussed multiple times here, so it doesn’t take much reading to find this information on your own. I notice that you have already started several threads and don’t seem to make much effort to read existing ones. Take about a week to read thoroughly before opening another new thread.
For new builds, additional ancillary construction costs apply, which are generally estimated at around 40,000€ (approximately 43,000 USD). There is potential for higher costs.
However, this topic has already been discussed multiple times here, so it doesn’t take much reading to find this information on your own. I notice that you have already started several threads and don’t seem to make much effort to read existing ones. Take about a week to read thoroughly before opening another new thread.
H
Henrik081712319 May 2016 23:36So, if I buy a plot of land for 100,000 and then have a house built on it by a developer for 300,000, do I pay everything based on the total 400,000, for example the property transfer tax?
Sascha aus H19 May 2016 23:40If you have already contractually agreed when purchasing the plot that you must build with this particular developer, then yes.
And now, please read the existing threads.
And now, please read the existing threads.
H
Henrik081712319 May 2016 23:41You don’t need to tell me what to do… this is a forum for asking questions. You don’t have to respond – that would keep this thread cleaner.
Similar topics