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Additional costs when buying and renting property

Apart from the actual purchase price or the rent payable for a property, there are also additional costs and charges, which are incurred but are often forgotten. Even for a renovation project, you should anticipate having to pay additional expenses alongside the renovation costs. 

Regardless of whether you are buying a house or buying or renting an apartment, or if you are buying a property lot or are planning to renovate a property – we have listed the main charges for you, so that you don’t get any nasty surprises during the purchasing, renting or renovation process. 

Our summary will help you understand your outlays as fully as possible, so that you can arrange your finance in plenty of time. 

Among other things you should factor in the following incidental expenses: 

  • property transfer tax
  • real estate capital gains tax
  • land registry entry fee
  • contract drafting costs 
  • administrative charges

Details on these are available in our information sheet.

Do you have any questions about incidental expenses when selling property? Simply arrange an appointment for a face-to-face consultation – we are on hand, ready to provide you with advice and assistance.