What additional costs arise when buying a home?

Using only the listing price when comparing a property is misleading, especially if a loan or renovation is involved. Two homes at the same sales price may carry a higher transaction expense, larger staging budget, or less predictable maintenance needs.

It is not necessary to finalize every item at the same time for accurate comparison. Write down the known amounts first, then the items to be quoted, and finally the uncertainty reserve. This way, assumptions do not appear as actual expenses.

The General Directorate of Land Registry and Cadastre states that the title deed fee in sales is calculated as 20 per thousand separately for the buyer and seller, based on the declared sales price, which is not less than the declared value of the property. If a different cost sharing is discussed between the parties to the transaction, this issue should be clearly written at the offer and contract stage.

Revolving fund fee is collected separately from the title deed fee. Since this fee may vary depending on the transaction and local coefficients, the current amount on the Web Title Deed or official payment screen should be taken as basis instead of assuming a fixed figure. During the title deed process for building-qualified real estate, the valid Compulsory Earthquake Insurance policy is also checked.

• Sales price to be declared for title deed fee
• TKGM revolving fund fee
• If necessary, attorney, translation or document preparation expenses
• Valid DASK policy and additional home insurance as needed

ControlKnowing the ratio is not enough; Also know who will pay and when.

The price mentioned in the offer is not the same as the total cash requirement on the transaction day. If payment responsibilities are not written down, the budget may change at the last minute.

In the mortgage loan comparison, in addition to the monthly installment and interest rate, the total repayment, appraisal fee, loan allocation fee and insurance related to the loan should also be seen. Payment of some expenses may be due before the loan is disbursed; therefore, they must be added to the starting cash outside of the down payment.

The bank's valuation result may affect the loan amount you can use. If there is a possibility of a difference between the sales price and the valuation result, leaving a safe gap in the equity interest prevents the decision from being based solely on the expected loan amount.

• Valuation fee and payment deadline
• Loan allocation fee and total repayment
• Scope of DASK, home and life insurance offers
• Mortgage related transaction items
• Additional equity required if valuation turns out to be lower than expected

If a real estate consultancy service is received, the service fee, the total amount including tax, and what services it covers should be seen in the contract. Items such as legal or technical advice, moving, subscriptions, minor repairs and cleaning are paid in the same period, although they may seem small individually.

Instead of just planning the renovation with a rough figure per square foot, break it down into three groups: essential work before occupancy, quality-of-life improvements, and future choices. If there are works such as wet volume, electricity, joinery or plan changes, do not accept a final budget without obtaining an estimate based on measurements and current situation.

For example, in a house with a sales price of 10,000,000 TL, the buyer's share of the legal title deed fee will be 200,000 TL with the current rate of 20 per thousand. However, this figure is not the total additional cost; Revolving fund, financing, service and home preparation expenses are added separately.

The best approach is to update each row in the calculator as the actual proposal or document arrives. Rather than giving a single optimistic estimate for items that are not yet known, using a range better indicates the conditions under which the purchasing decision will be forced.

Example is not a quoteA sales price of 10 million TL does not mean a total budget of 10 million TL.

The final amount varies depending on the condition of the property, the agreement of the parties, the financing method and current official tariffs.