Aankoopkosten (Purchase costs)

What are Aankoopkosten?

Home purchase costs refer to the additional expenses that a homebuyer incurs when purchasing a property, in addition to the purchase price of the house. These costs can vary depending on the location of the property, the type of property being purchased, and the specifics of the sale transaction. It is important for homebuyers to consider these costs in addition to the purchase price of the home when budgeting for a new home purchase.

Some common types of home purchase costs include real estate agent commissions, legal fees, appraisal fees, home inspection fees, title insurance, and transfer taxes. Real estate agent commissions are typically paid by the seller and are usually a percentage of the sale price. Legal fees can include costs associated with hiring an attorney to review contracts and ensure that all legal requirements are met. Appraisal fees cover the cost of having the property evaluated by a professional appraiser to determine its market value, and home inspection fees cover the cost of a professional inspector checking the property for any defects or potential problems. Title insurance protects the buyer and lender from any legal issues that may arise with the property title, and transfer taxes are paid to the local government when the property changes ownership.

It is important for homebuyers to be aware of these costs before making an offer on a property, as they can significantly impact the overall cost of the home purchase. Buyers should work closely with their real estate agent and attorney to understand the various costs associated with the transaction and to negotiate these costs with the seller whenever possible. By carefully considering the home purchase costs associated with a property, buyers can ensure that they have a clear understanding of the total cost of homeownership and can make informed decisions about their new home purchase.

That's why we offer a range of services to help you navigate every step of the way, including calculating home purchase costs in the Netherlands. Contact us today to learn more!

Mortgage terms
Eigenwoningforfait (Notional rental value)
"Eigenwoningforfait" is a tax on the theoretical income that a homeowner could earn by renting out their home, even if they do not actually rent it out. Erfpacht (Ground lease)
Often houses in the Netherlands are not on private land, but on leasehold land. This leasehold land is then rented from the landowner (often the municipality). Hypotheekakte (mortgage deed)
The mortgage deed is the official contract for a mortgage. The mortgage deed contains all agreements with the bank that relate to the mortgage. Hypotheeksom (Mortgage sum)
he mortgage sum is the total amount that is borrowed from a lender. Koopakte (Purchase deed)
The written purchase agreement between the buyer and seller of a house. Other words for koopakte are koopcontract or koopovereenkomst (purchase contract or purchase agreement). Maandlast netto (Monthly charge net)
The net monthly payment is the amount that is paid monthly for the mortgage after tax settlement. Therefore, the tax is taken into account. National Mortgage Guarantee (NHG)
 Notariskosten (Notary fees)
When you buy a house, a visit to the notary is unavoidable. The deeds required for the purchase of a home are drawn up by a notary. Taxatiekosten (Appraisal costs)
The appraisal costs are one of the additional costs when taking out a mortgage. They are the costs for the valuation of a house by an independent appraiser. WOZ-waarde
WOZ stands for Valuation of Real Estate (Waardering Onroerende Zaken). The WOZ Act ensures that all governments use the same valuation for a home when levying taxes.