Whether you're looking to buy a home with or without NHG (National Mortgage Guarantee), and whether you plan to do so in 2019 or 2020, it's always wise to have a building inspection before you buy. A home might appear perfectly fine, but still have significant defects that will cost you a lot of money. A building inspection will reveal any potential defects. If you're facing additional costs, this information can be factored into your price negotiations.
Previously, it was possible to borrow a higher mortgage amount to cover all additional costs associated with purchasing a home. These additional costs accounted for approximately 6 percent of the property price. Nowadays, borrowing a mortgage is no more than the property price, meaning all additional costs are your own responsibility.
In addition, housing prices are rising, significantly increasing the additional costs first-time buyers have to bear. All in all, this often makes it difficult for first-time buyers to buy a home. Lowering the cost of the NHG premium should make it easier for these first-time buyers to buy a home.
The amount saved on the NHG premium is naturally proportional to the house price. 0.2 percent of the house price can be saved on the premium costs. First-time buyers buying a house for €250,000 can therefore save €500, and first-time buyers buying a house for €300,000 can save €600. These are considerable savings thanks to the 0.2 percent reduction. The government indicates that the intention is to give first-time buyers, in particular, "more flexibility" when it comes to the financial aspects of buying a house.
Starting in 2020, first-time buyers can save a significant amount on their NHG premium. It would, of course, be a real shame to have to pay more than necessary in other ways. Unnecessary extra costs can be avoided by having a building inspection performed by Homekeur.
The cost of a building inspection (up to 250 m²) is only €489 including VAT. We'll conduct a comprehensive building inspection and you'll receive a building report. Do you have any questions? We're happy to help and can schedule an appointment with an expert inspector right away if you wish!
