Buying a house for the first time is exciting, but also overwhelming. The housing market is in constant flux, regulations change and financial commitments are huge. How do you avoid making mistakes you will regret later?
For first-time home buyers, good preparation is crucial. We list the main points of interest.
1. Determine your budget, including additional costs
Many starters look at what they can borrow, but forget the additional costs such as transfer tax, notary fees, architectural inspection and consultancy fees. Count on 5 to 6% on top of the purchase price. Talking to an independent mortgage advisor can help you get a realistic picture of your financial space.
2. Collect your financial documents on time
A mortgage application requires pay slips, employer statements, an overview of study debt (DUO), and a BKR check. The sooner you have everything together, the faster you can move on when you find your dream home. Learn more about collecting your financial documents
3. Get a structural inspection
A house may look perfect on the outside, but hidden defects often only come to light later. Always have an independent architectural inspection. That way, you know where you stand and can include any repair costs in your negotiations.
4. Look beyond just the house
The location is at least as important as the house itself. Research the neighbourhood: is it safe, are there enough amenities, what about public transport? Talk to neighbours and walk around the neighbourhood at different times.
5. Negotiate smartly, with your head and not your heart
Don't get carried away by emotions. The asking price is often just an opening offer. Look at recent selling prices in the neighbourhood and determine your counter-offer on that basis. An estate agent can help you with this and make sure you are not outbid without realising it.
6. Check the energy label and sustainability options
Sustainability will play an increasingly important role in 2025. Homes with a poor energy label can eventually incur much higher energy costs. Pay attention to insulation, type of heating, and possible subsidies for sustainability.
7. Take your time with the purchase contract
The purchase contract contains many legal details. Always have it checked by a legal expert or your estate agent. Pay attention to resolutive conditions, such as the financing proviso - this protects you if you don't get the mortgage after all.
Starters increasingly active on the market
According to recent figures from CBS and NVM, the number of first-time buyers will increase again in the first quarter of 2025, partly due to new government measures for affordable homes for sale. Competition among first-time buyers is also expected to increase further as a result.
Buying your first home is a special milestone. Be well informed, don't take hasty decisions and be critical of what you buy. With the right preparation, you will make your first home purchase a safe and valuable home.
