When you're buying a home for the first time, it's important to understand your financial options and determine which mortgage best fits your situation. When you reach out to me for advice, I'll take the time to thoroughly assess your needs and circumstances. Together, we’ll discuss what’s most important to you: from the mortgage amount to the monthly payments that align with your income and future plans.

I’ll ensure you receive all the information you need to make an informed decision. This includes reviewing various mortgage types, interest rates, and terms that are the best fit for you. Additionally, I’ll explain the costs you can expect, such as transfer taxes, notary fees, and valuation costs, so you know exactly what to expect.

At ADK Hypotheken, I am honest, transparent, and consistent. I always work in your best interest, ensuring that you not only secure the best mortgage but also move into your first home with peace of mind. You can trust that I’ll assist you every step of the way, from applying for the mortgage to signing the documents.

Additionally, as an expat, I’ll guide you through the process of obtaining a mortgage in the Netherlands, including navigating any differences in requirements related to foreign income and residency status.

First home a new build home?

Buying your first home is an important step, and this also applies when you choose a new-build home. While the basic principles of buying a house remain the same, there are some key differences between purchasing an existing home and buying a new-build home. As a first-time buyer, it’s important to understand these differences so you can approach the process with the right expectations and knowledge. At ADK Hypotheken, I’m happy to help you make everything clear.

• Purchase price and financing
  When buying a new-build home, you often pay a fixed price set by the developer. You can then choose additional work to complete your new home. The total sum of the home and any additional work is the value of the property for new-builds. Depending on your total income, you can (partially) finance this. For expats, the process can differ as you may need to meet specific requirements, such as having a temporary work contract or foreign income. Understanding these unique conditions is crucial when applying for a mortgage in the Netherlands.

• Construction interest and completion timeframe
  When buying a new-build home, the completion might be several months or even years away. During this time, you often need to pay construction interest, which is charged on the part of the mortgage that has not yet been used because the property is not ready. This can make the financing process different from purchasing an existing home, where the completion is typically much quicker. For expats, it’s important to be aware of administrative steps, such as registering with the local authorities and applying for a BSN, which can affect the mortgage process.

• Tax benefits
  There are usually tax benefits when buying a new-build home, often referred to as "free on name" (v.o.n.). In this case, transfer tax (usually 2%) does not apply to you. This can make purchasing a new-build home financially more attractive compared to buying an existing property. Expats may also be eligible for tax advantages, such as mortgage interest deductions, depending on their tax status and residency.

• Condition of the property
  A new-build home is brand new, which means you won’t have to spend money on maintenance or renovations in the first few years. You can expect everything in the home to meet the latest standards and regulations. This is a significant advantage over buying an existing home, where you may encounter unexpected costs for maintenance and renovations. As an expat, this can offer peace of mind, knowing that the home meets all modern standards without needing immediate repairs.

• Customizing the property to your own wishes
  Often, when purchasing a new-build home, you can make choices about the finishing touches, such as flooring, kitchen, and bathroom. This gives you the opportunity to tailor the home entirely to your taste, which is not always possible with existing homes. It also means your home can be custom-made before you move in. As an expat, it’s important to understand that the customization process can vary between developers, and additional translations or guidance may be necessary to navigate the process.

Assistance with Your Mortgage