{"id":13940,"date":"2021-12-21T17:53:15","date_gmt":"2021-12-21T16:53:15","guid":{"rendered":"https:\/\/www.athome.lu\/blog\/?p=13940"},"modified":"2024-11-20T14:17:39","modified_gmt":"2024-11-20T13:17:39","slug":"the-costs-you-have-to-think-about-before-you-buy","status":"publish","type":"post","link":"https:\/\/www.athome.lu\/blog\/en\/acheter\/guides\/les-frais-auxquels-il-faut-penser-avant-dacheter\/","title":{"rendered":"Costs to think about before you buy"},"content":{"rendered":"<p><span style=\"color: #000000;\">Buying a property: it takes preparation. Determining your borrowing capacity, finding your property, finding your loan... Your special acquisition to-do list is probably already full. <strong>But have you thought about all the additional costs that may be involved?<\/strong> Notary fees, mortgage fees and housing fees, we tell you more in this article!<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Agency fees<\/strong><\/span><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">If you use an estate agent to help you with your property search, you will have to pay agency fees. In Luxembourg, agency fees are 3% of the sale price of the property.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Using the services of a real estate agent can be useful if you have little time available.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>An estate agent...<\/strong><\/span><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">Knows the local market very well: he knows the market price, depending on the location and the type of property (flat, house) and will therefore be able to guide you on what you need.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Is attentive to detail: he or she will accompany you on visits and show you what you need to watch out for.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Accompanies you until the signing of the deed of sale: it is responsible for protecting your interests during the signing of the preliminary sales agreement, and then for collecting and transmitting all the documents required for the signing at the notary's office.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>The essentials of a property sale: notary fees&nbsp;<\/strong><\/span><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">This is a box that we must pass through to see our real estate project become a reality. The notary's fees are made up of <strong>several types of fees<\/strong>. On the one hand there is <strong>7% which represents registration fees minus the Bellegen Akt and the notary's fees<\/strong>.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Discover our complete file on the <a style=\"color: #000000;\" href=\"https:\/\/www.athome.lu\/blog\/blog\/le-compromis-de-vente\/\">sales agreement<\/a> for more information with a specific focus on <a style=\"color: #000000;\" href=\"https:\/\/www.athome.lu\/blog\/blog\/le-role-du-notaire-lors-dune-vente-immobiliere\/\">the role of the notary<\/a>.<\/span><\/p>\n\n\n<section id=\"section-3-14695\" class=\"ct-section\" ><div class=\"ct-section-inner-wrap\"><div id=\"div_block-4-14695\" class=\"ct-div-block\" ><div id=\"new_columns-7-14695\" class=\"ct-new-columns\" ><div id=\"div_block-8-14695\" class=\"ct-div-block\" ><div id=\"div_block-14-14695\" class=\"ct-div-block\" ><\/div><\/div><div id=\"div_block-9-14695\" class=\"ct-div-block\" ><h1 id=\"headline-11-14695\" class=\"ct-headline\">What are the property prices at the moment?<\/h1><div id=\"text_block-12-14695\" class=\"ct-text-block\" >Prices are slowing down. Interest rates are rising. What are the trends for the coming months?<\/div><a id=\"link_button-13-14695\" class=\"ct-link-button\" href=\"https:\/\/www.athome.lu\/blog\/blog\/marche-immobilier\/prix\/tendances-2022\/\" target=\"_blank\"  >Read the analysis<\/a><\/div><\/div><\/div><\/div><\/section>\n\n\n<h2 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>The costs of the mortgage&nbsp;<\/strong><\/span><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">It is no secret that when we borrow from the bank, whatever the project, we pay <strong>interests<\/strong>. But in addition to interest, you have to think about <strong>mortgage fees<\/strong>. A mortgage on the property being acquired is required by the bank. This is a <strong>a guarantee for her in case of inability to repay the loan<\/strong>. The notary is responsible for registering it with the Mortgage Office.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">It is also preferable to subscribe to <strong>outstanding balance insurance<\/strong>. It is not compulsory but it is a <strong>protection for clients generally in the event of death<\/strong>. The insurance will take over the loan, especially in the case of a couple, so that the co-borrower does not have to pay the entire loan.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\"><strong>Note that bank administration fees, mortgage fees and outstanding balance insurance are deductible from your tax return.<\/strong>.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span style=\"color: #000000;\"><strong>Housing purchased: should I expect other costs?&nbsp;<\/strong><\/span><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">In addition to the usual costs such as home insurance, water, electricity and gas, there are other costs to consider.<\/span><br><span style=\"color: #000000;\">Some municipalities require <strong>an infrastructure fee and a connection fee<\/strong>Please check with your future commune.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Becoming a homeowner also means being confronted with <strong>some unforeseen events or renovation work<\/strong>. This is why it is often preferable to include a special budget for works in your purchase budget. Don't hesitate to contact your broker who will advise you on the budget to allow for your project.<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">If you have already identified a property that you would like to work on, receive free quotes from Luxembourg craftsmen<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\">Our brokers, thanks to their expertise and experience, are also at your disposal to establish with you a budget adapted to your real estate project. Make an appointment!<\/span><\/p>\n\n\n\n<p><span style=\"color: #000000;\"><strong>That's it! You have all the keys you need to make a success of your property purchase with complete peace of mind.&nbsp;<\/strong><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Acqu\u00e9rir une propri\u00e9t\u00e9 : \u00e7a se pr\u00e9pare. D\u00e9terminer sa capacit\u00e9 d\u2019emprunt, trouver son bien, trouver son pr\u00eat\u2026 Votre to-do list sp\u00e9cial acquisition est sans doute d\u00e9j\u00e0 bien remplie. Mais avez-vous pens\u00e9 \u00e0 tous les frais annexes qui peuvent s\u2019ajouter ? Frais de notaire, frais li\u00e9s au pr\u00eat immobilier et au logement, on vous en dit [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":13986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[224],"tags":[191,182,190],"class_list":["post-13940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guides","tag-frais-dagence","tag-frais-de-notaire","tag-frais-immobiliers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Les frais auxquels il faut penser avant d&#039;acheter - atHome Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.athome.lu\/blog\/en\/buy\/guides\/the-costs-you-have-to-think-about-before-you-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Les frais auxquels il faut penser avant d&#039;acheter - atHome Blog\" \/>\n<meta property=\"og:description\" content=\"Acqu\u00e9rir une propri\u00e9t\u00e9 : \u00e7a se pr\u00e9pare. D\u00e9terminer sa capacit\u00e9 d\u2019emprunt, trouver son bien, trouver son pr\u00eat\u2026 Votre to-do list sp\u00e9cial acquisition est sans doute d\u00e9j\u00e0 bien remplie. Mais avez-vous pens\u00e9 \u00e0 tous les frais annexes qui peuvent s\u2019ajouter ? 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D\u00e9terminer sa capacit\u00e9 d\u2019emprunt, trouver son bien, trouver son pr\u00eat\u2026 Votre to-do list sp\u00e9cial acquisition est sans doute d\u00e9j\u00e0 bien remplie. Mais avez-vous pens\u00e9 \u00e0 tous les frais annexes qui peuvent s\u2019ajouter ? 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