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How much extra should one budget for additional property fees when buying

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  • 06-05-2017 8:45am
    #1
    regi3457
    Registered Users Posts: 253 ✭✭


    If the house costs 190 000 euros and the deposit is 10%, on average, how much more on top of this can you expect to pay upfront when buying the house. I have no clue as this is our first mortgage.

    appreciate the help, thanks


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    #2
    Cloudio9
    Registered Users Posts: 1,351 ✭✭✭Cloudio9


    Stamp duty 1% of the price if house is second hand. Zero if newly built.
    Legal fees €1500 approx but need to shop around
    Legal outlays €1500 approx
    Furniture moving if you have any!


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    #3
    regi3457
    Registered Users Posts: 253 ✭✭regi3457


    thanks for that, very clear answer


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    #4
    wench
    Registered Users Posts: 1,645 ✭✭✭wench


    Cloudio9 wrote: »
    Stamp duty 1% of the price if house is second hand. Zero if newly built.
    You do have to pay stamp duty on new builds.
    The only difference is that it is calculated on the base price without VAT.

    So on a new house costing 113,500 (including 13.5% vat), you would pay 1% on 100,000


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    #5
    AM258
    Registered Users Posts: 24 ✭AM258


    Cloudio9 wrote: »
    Stamp duty 1% of the price if house is second hand. Zero if newly built.
    Legal fees €1500 approx but need to shop around
    Legal outlays €1500 approx
    Furniture moving if you have any!

    This isn't the case, stamp duty is 1% of the cost of a new build before vat. If it's a new build costing €190k the cost ex vat is about €165k (vat on a new build is 13.5%) so your stamp duty would be approx €1650.


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    #6
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,097 Mod ✭✭✭✭Tar.Aldarion


    Some sort of survey costs too?


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    #7
    PhoenixParker
    Registered Users Posts: 2,677 ✭✭✭PhoenixParker


    House insurance for the first year.


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    #8
    Cloudio9
    Registered Users Posts: 1,351 ✭✭✭Cloudio9


    wench wrote: »
    You do have to pay stamp duty on new builds.
    The only difference is that it is calculated on the base price without VAT.

    So on a new house costing 113,500 (including 13.5% vat), you would pay 1% on 100,000

    Yes sorry. New houses used to be exempt back when we had high rates.


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