Buying a newly built home? That works a little differently. Rabobank helps you on your way

Are you eyeing a newly built home? Or would you like to build a house yourself? Then it is useful to know what that entails. Buying a newly built home works a bit differently than buying an existing home. Rabobank is happy to think along with you and help you on your way. The […]

The most important features of new construction

Rabobank distinguishes several characteristics of new construction, ranging from the sustainable nature to the way the homes are allocated:

• A new home is sustainable and energy-efficient. That means more living comfort and lower energy costs.
• In the first few years, you have little to no maintenance costs.
• You usually have options for the arrangement of the home through additional and supplementary work.
• You do not pay transfer tax.
• Often there is a lottery or allocation by a project developer.
• There is often a long period between the purchase and the transfer.
• If you already have a home, you often have to deal with double living expenses for a long time.

How does a mortgage work for new construction?

Because a new build home often still needs to be built, you use your mortgage largely for the purchase of the land and for the costs during construction. In new construction, the costs of construction are paid from a construction deposit. A construction deposit is a special account on your mortgage that allows you to pay the bills of the suppliers. The amount of your mortgage and the interest rate determine your monthly payment.

Various costs when buying a new build house

Buying a new home is an exciting step. Buying a new home involves several costs. What are some of the variable costs you might encounter? Rabobank is happy to tell you what you need to keep in mind to make an estimate. If you want to know whether you can finance your living needs, please here Make an appointment with one of the financial advisors from Rabobank, without obligation.