Additional costs when buying a home

Additional costs when buying a home

Is the suitable object finally found after a thorough search and this perhaps still At a surprisingly low price, it should always be kept in mind that there are additional costs when buying a house. On the one hand, there are fixed ancillary costs, which are incurred with each purchase of a house, as well as so-called flexible auxiliary costs, which can develop with the house purchase. The amount of the costs varies and depends on various factors, such as the location and the price of the house. Therefore, it is advisable to inform yourself before buying about the incidental costs incurred for the dream property and to include this aspect in the financial planning.

Although the purchase price of the building accounts for most of the costs, the purchase of the house should incur additional costs in financial planning

Fixed additional costs for the purchase of a house - partly regulated by law

In Germany, the fixed additional costs incurred when buying a home include

  • notarization of the purchase contract by a notary
  • land register entry
  • Property transfer tax

The amount of fixed charges for the purchase of a home may amount to up to 15 percent of the actual purchase price, depending on the property.

The notarization of the purchase agreement is intended to protect the buyers of the property against over-hasty or ill-conceived purchase and is required by law in Germany. The amount of the costs for the notary is also regulated by law and depends on the purchase price of the property, as well as the amount of any bank loan required. In addition to the certification of the contract, activities include execution and consulting activities, as well as the ordering of a mortgage. The costs usually amount to one to two percent of the actual purchase price and must be paid promptly after the successful conclusion of the contract.

The land register entry is not only a very solemn moment for many homebuyers, but also mandatory in Germany. to buy a property for sale. With the entry in the Land Registry at the Land Registry, all current notices of the rights to the respective property are displayed, such as who the owner is or whether the site was encumbered with a mortgage. Prospective buyers should have the land register excerpt explained in detail in order to be informed about possible legal obligations. Since the entry in the land register is usually initiated by the notary, not only costs are incurred by the Land Registry, but also by the notary.

The cost of the entry at the Land Registry is about 0.5 percent of the total Purchase price of the house. With the help of a land register calculator, you can calculate this cost factor in advance.

The property transfer tax is due not only when you buy a house, but also when you buy an apartment or land and must be paid to the local tax office. The tax rate differs from state to state and amounts to 3.5 to 6.5 percent of the actual purchase price.

Sometimes it may be cheaper to pay a land transfer tax only for the purchase of the property. In this case, however, two separate contracts should not be set up - one for the purchase of the property, one for the purchase of the house - as these can be annulled, but on the land should be rebuilt.

Flexible service charges - here It can be expensive!

While the fixed charges for the purchase of a house are largely regulated by law and thus are well calculable, it can be expensive in the flexible additional costs, if they are not kept exactly in view. Among the flexible additional costs are counted among others

  • Renovation costs
  • Renovation and refurbishment costs
  • Brokerages
  • Relocation costs
  • New household purchases, such as new kitchens, furniture, interior decoration
  • Possible additional costs due to chosen financing model

The costs for necessary renovation measures should be be discussed and determined exactly before the start of work with the contracted craftsmen. Likewise, conversions and desired refurbishments should be thoroughly discussed with expert local professionals to assess the level of associated costs and not shoot up during the refurbishment process. In addition, a small financial buffer should be paid for unexpected incidents that may occur during reorganization.

A brokerage fee is payable when a broker has brokered a brokerage agreement and a sales contract has been signed Broker came about. While the amount of the brokerage fee is regulated by law when renting an object, it can be freely determined when buying a house, whereby depending on the state, it is usually between 5 and 7.14 percent of the purchase price. The costs may be paid by the buyer and the seller, or only by the buyer, as agreed.

The costs of relocation and new purchases are best controlled by the buyer. Nevertheless, there are also some costs involved in buying a house, for moving the furniture from one residence to another and purchasing new furnishings.

Here is the opportunity to save: for example, by moving with friends and relatives instead of with the removal company. If the budget has shrunk significantly after buying a home, new purchases can only be made gradually.

If you need mortgage financing when purchasing a property, interest should also be included in the cost planning. In addition to the borrowing rate, the effective interest rate should be taken into account, since this is the actual interest rate to be paid. In addition, depending on the provider possibly payable fees are due, which can also be counted to the additional costs.

Running costs for home purchases

In addition to the already mentioned fixed and flexible costs that may arise in building a house, there are also so-called ongoing charges, which differ significantly from those of a rented apartment when buying a house. Here are costs for

  • Waste disposal
  • Insurance, such as building and fire insurance
  • Water, wastewater and electricity
  • Annual property tax

In addition to the operating costs due, a budget should always be included for any incidents and for the care and maintenance of the property.


When buying a property is not only the purchase price for the object to pay, but there are additional costs, which can be divided into fixed charges and flexible service charges , While the fixed ancillary costs are largely regulated by law and amount to about 10 to 15 percent of the purchase price, the amount of flexible ancillary costs depends on various factors. In addition, after the purchase of the object running additional costs incurred, which must be paid depending on the item monthly or annually.

Artikelbild: © AndreyPopov /