When buying a house in Portugal, it’s important not to focus solely on the asking price. Besides the purchase price, there are several additional costs to consider. These include taxes, notary fees, registration, and sometimes inspection or consulting fees. These extra costs can add up and impact your total budget.
At GerardusKoetje.pt, we help you understand all these costs clearly, so you avoid surprises and can proceed with your purchase confidently. In this article, we list the main additional costs and provide practical tips for buyers in the Fundão area, Central Portugal.
Step-by-step
- 1
1. Calculate the property transfer tax (IMT)
The property transfer tax (Imposto Municipal sobre Transmissões) is a percentage of the purchase price and varies depending on the value and type of property. Expect around 6% to 8% as a guideline.
- 2
2. Account for notary and registration fees
The notary handles the official transfer and registration of the property. Notary fees typically range from €1,000 to €2,000 depending on the price. Registration fees are about 0.8% to 1.5%.
- 3
3. Budget for legal and technical inspections
A building inspection or full technical report helps avoid unexpected issues. GerardusKoetje.pt offers affordable inspections from €49 to €349.
- 4
4. Set aside a budget for possible renovations
Many houses in Central Portugal require renovation. Therefore, consider costs for materials and labor, or request a renovation review for €249.
- 5
5. Consider real estate agent fees and other charges
If you use a real estate agent, extra fees may apply, usually around 5% of the purchase price. Always verify this in advance.
Tips
Tip 1: Use local expertise in Fundão
A local inspection by GerardusKoetje.pt gives you insight into the condition and additional costs specific to homes around Fundão.
Tip 2: Prepare your budget for unexpected costs
Always reserve 10-15% extra of your budget for unforeseen expenses, especially with older houses.
Tip 3: Check energy certificates and building permits
Request the energy certificate and verify all permits are in place to avoid extra costs.
Tip 4: Account for local taxes and community fees
Inquire about annual municipal taxes and any community fees you need to pay.
Frequently asked questions
Schedule a full property inspection with GerardusKoetje.pt today and avoid unexpected costs!