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Buying a house is one of the biggest dreams for many people. Fortunately, now there are subsidized houses that make the dream of owning a home more achievable for everyone.
However, before completing the house buying process, there are many things you need to consider, including the details of the buying and selling costs. It's not uncommon for prospective homebuyers to be shocked by the hidden costs they have to bear.
To help you be better prepared and avoid unpleasant surprises, here’s a complete guide to the details of house buying and selling costs that you need to know:
Unit Selection Costs
The first step in buying a house is finding a unit that fits your needs and desires. At this stage, you may need to visit several properties and engage a real estate agent. While the agent will help find the best options, remember that you will be charged a service fee.
However, not all real estate agents charge such fees. For example, at Ingria Group’s subsidized homes, you will be assisted in finding the best unit with no additional cost.
Tax and Acquisition Duty on Land and Buildings (BPHTB)
Once you’ve decided to buy a house, you must prepare funds to pay taxes and BPHTB. BPHTB is the tax imposed on the transfer of ownership of land and buildings, which must be paid by the buyer to the local government. The amount varies depending on the location of the property and the sale price.
Notary and Sale Deed Process Costs
Notary fees are needed to ensure the buying and selling process complies with legal requirements. The notary will draft the sale deed that binds the seller and the buyer, and the notary fee is determined based on the sale price of the house.
Certificate Name Transfer Costs
After the sale process is completed, you must transfer the land and building ownership certificate to your name. The name transfer fee will be charged according to the regulations in the property’s area.
Mortgage (KPR) Costs
If you decide to buy a house with a mortgage facility, you must consider additional costs related to the mortgage. These include administrative fees, provisions, and insurance.
For subsidized houses, some developers offer homes with free mortgage costs. This is intended to make it even easier for people from lower-middle-class backgrounds to own a home.
Insurance Costs
In addition to mortgage insurance, you should also consider home insurance to protect your property from the risk of damage or unexpected events.
Moving and Renovation Costs
Once you become a homeowner, you may need to incur additional costs for moving from your old residence or renovating your new home according to your preferences.
Conclusion
Buying a house is a significant financial decision that requires careful planning, including understanding the details of house buying and selling costs comprehensively. During this process, consult experienced professionals such as real estate agents, notaries, and financial experts to ensure you have a clear understanding of all related costs.
With thorough preparation, you can confidently and calmly achieve your dream of owning a home. If you are looking for subsidized houses in Bandung, subsidized houses in Cibubur, or other strategic homes, Ingria Group is ready to assist you wholeheartedly. Happy house hunting!
