When you first compare properties, start with a budget sheet. For every expense, record the amount, currency, quote date, responsible party and whether it is confirmed. Go beyond the asking price.
Part one: The budget to complete the purchase.
- Price and payment schedule: Check the quoted currency, instalment milestones and included items.
- Taxes and administrative charges: Ask a professional to itemise the costs for your transaction and confirm who pays each one.
- Service fees: Confirm which agency, legal, translation, notarial and other services you need, with written quotes.
- Payment arrangements: Check the applicable payment process, fees and timing with the relevant banks and professionals.
Part two: Costs after handover.
Ask about renovation, furniture, repairs, building fees, utilities, insurance, management and other ownership expenses according to your needs. When requesting past bills from the seller, also clarify what may change in future.
Part three: Allow a buffer.
Leave room for delayed handover, changes of plan and unexpected maintenance. The amount depends on the property, your family plans and the uncertainty you can afford.
Make a separate budget for a rental.
Use evidence-based rent assumptions and subtract possible vacancy, management, maintenance, insurance and tax costs. Compare scenarios and identify estimates clearly.
Budget framework: Purchase price + transaction expenses + handover and ownership reserves.
Keep each figure traceable.
Use a consistent comparison basis and retain the original currency. Record the exchange rate and date used for conversions. Do not simply add figures quoted at different times or in different currencies.
For an initial conversation, share your overall budget range and currency. There is no need to provide bank account details, proof of funds or other sensitive documents.
This article provides general preparation information. It is not individual legal, tax or investment advice. Matters involving a specific transaction should be checked by appropriate professionals.