I'm glad to see someone talking about house searching that isn't only in the west side of the Netherlands!! Zwolle is a wonderful city, one day I'd like to get a property either there or Deventer. Those cities are quite expensive for this side of the country, but not outrageous like Amsterdam and very nice if you can afford it!
We already moved and I can confirm! Amazing city! I love Deventer as well. I think their old town is absolutely magnificent. Yeah, I also noticed that most of the RUclipsrs are either in Amsterdam or in other 3-4 big cities.
Well done, these must be exciting times! Also good for you for encouraging people to indeed get an aankoopmakelaar and a proper mortage advisor, it's a very sensible thing to do unless you are *very* determined to DIY those bits. They probably both urged you to get the bouwtechnische inspectie done. :) Buying a house is a big thing, and having (paying) knowledgeable people there to guide you in the process is incredibly helpful.
It is exciting! Thank you! Yeah, I think it totally makes sense, especially for such a big purchase, and it's better to pay knowledgeable people to help you.
Except you're going to blow through 6-9K paying them and STILL doing most of the work yourself. The aankoopmakelaar especially is already overpriced for the value they offer even if they charged you € 100. The ONLY advantage they offer is you'll be let in on corrupt under-the-table deals that they don't take onto the open market to shaft sellers.
@@SanderSA-ny3lh We didn't do anything ourselves. You probably had a bad aankoopmakelaar. Also, 6-9k? Where did you get these prices? It's extremely overprices. > corrupt under-the-table deals Didn't read further 😂
Ah. I thought you are only talking about mortgage advisor. In that case, your number is too small 😅 Buying a house takes around €12-15k with all the fees. But again, we got all the job done for us so I think you had a bad company.
Thanks for posting this, your videos are great. I've watch both the Dutch house buying videos and you advice on learning languages and you are evidently a switched on guy. We moved from England to the Netherlands in 1991 for a 3 years which were just the best so you have made a good choice. We'd love to move back but unfortunately Brexit gets in out way🥺!
fantastic video. If you could go more into the process of your market analysis that made you settle on Zwolle and why you wanted to be away from the Ranstad that would be great.
"Why not Ranstad" is a simple question. It's too expensive. "Why Zwolle specifically" is harder one. I just loved the vibe here a bit more than in other cities and it's relatively cheap area.
Hey Dmitrii, nice videos, however I have some questions 1. Is there any bidding process when you tried to a house? 2. What is the sequence of the steps you mentioned in your video? Like talking to your mortgage advisor, hiring a real estate agency, sending a technician to inspect the house, applying your mortgage, buying the house, etc. Thanks!
Thank you! 1. Yes, it's popular especially in big cities. In my case we even underbid. 2. Many things happen simultaneously but in general the sequence is the same as I talk about it on video.
Very helpful video. IF you could guide me on this one: Step 1 is to hire a housing agent/makellar, then hiring a financial advisor, hire a inspector to do the check of the house I plan to buy? Not sure why I need makellar because anyhows the house I plan to buy will be shown to be by a makellar who will help me further (right or wrong)?
I do not 100% understand the question, but an agent helps you with everything related to buying a house. So: - tips about the market, areas, regulations etc - scheduling viewings - can check properties instead of you, or show you them on video - give opinion and tips on specific properties - tips on price and bidding - price negotiation and bidding for you - schedule appraisal, recommend other advisors - legal stuff in dutch - any other tips and moral support related If you don't need any of this and your Dutch is good, you can skip hiring Makellar.
Good one. It's hard to pinpoint the moment we started seriously searching because we've been in looking mode for some time. But I think the whole process is something like this: - 05.04.2023 - We first met with the real estate agent and signed the contract with them the next day. - 08.04.2023 - 24.04.2023 - we went for house viewings organized by the agent. We went to Zwolle 3 times and looked at about 7-8 houses. - 24.04.2023 - We had the first consultation with the mortgage advisor. - 26.04.2023 - We bid on the house, and they accepted the bid the same day. - 01.05.2023 - We asked the rental company if we could terminate the rental contract earlier to buy a house, and they agreed, so we settled the date with the house owner. - 03.05.2023 - We hired a technical inspector to check the house. - 18.05.2023 - Our mortgage advisor applied for a mortgage after collecting all the docs from us. - 01.06.2023 - We got the mortgage confirmation. It would have been even faster if we were not from Russia. - 28.06.2023 - We got the keys, signed everything at the notary, and moved to the house. I'll add it to the description of the video, thank you for the question!
Thank you so much Dima. My wife and I are planning to move to the Netherlands in the near future. I had one question, regarding the mortgage. Are the expats eligible to take mortgage since the first day of entry, or they have to wait for permanent resident permit or some specific time?
Thank you for watching! The requirement is that you reside and work in the Netherlands for 6 months. I think there are some exceptions to the rule, but that's the general advice. You do not need to have a permanent resident permit (it's only after 5 years). If you ever decide to buy a house, I recommend checking my guide to buying a home. The e-book I recently published is slowandsteadyblog.com/buying-a-house-netherlands. It can help a lot in the process.
Thanks! Sure! Original post and spreadsheet is here - www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/. But I might make public my own as well.
Hey! Thank you for the great video, this is exactly what I was looking for. A quick question on the Excel sheet - the creator assumes a cost of owners association which I believe is applicable only for apartments. Would it be similar in the case of an independent building? Thanks!
Yes, correct. There is nothing similar to owning a house, so you can just exclude these costs. When you own the house, you're the only one who responsible for all the maintenance of the building. So basically instead of owner's association costs, you just pay for a maintenance when something breaks 😅
My spreadsheet will be useless and it's a mess but I was inspired by this one: www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/
I talked about it in the second video, check it out: ruclips.net/video/_sYKL9I12Uc/видео.html Downpayment is optional and only make sense if you cannot afford 100% of the mortgage, we paid 0. The interest is constantly changing and usually fixed by 10 years (but it can be changed) when you get a mortgage. We have 4.12%.
Thanks! Original post and spreadsheet is here - www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/. But I might make public my own as well.
We strongly considered Apeldoorn. But Zwolle won. Rotterdam was high on the list because among the big cities it's more or less affordable. Also, Amersfoort is really good but also quite expensive. We absolutely love Utrecht and Leiden but they are both unaffordable.
@@dpashutskii Great. I been to zwolle once and I really liked it. All the mentioed cities are beautiful. I am planning to buy little outside cities with good connectivity with less than 1omisn walk to public transport.
@@RagulCJ I would specifically recommend Soest in that case. 2 train stations with connections to Amsterdam, Zwolle and Utrecht, but price-wise they're in a bit of a low-zone between Utrecht, Amersfoort and the Gooi region. It sits in the middle between those more expensive regions. Getting a car and becoming independant from public transport is way more lucrative in the end though. If you look at a place like Zeewolde or Bunschoten-Spakenburg, it has an identical travel time to Utrecht compared to the Utrecht region, but you can buy a family home for 200-250K there.
The price was €380k. I will talk about it in the second video. I think it's required to have Dutch residence, if you live in another EU country, and you're not an EU citizen, I don't think it's possible. But also why would you need a house in the Netherlands, if you live in another country? 😅
@@dpashutskii was for compare it with spain, some people buy property as invesment or for inmigrate more easily, thx for the answer and i really like your channel (maybe you can check the stock market of Netherlands and talk about it in your channel).
It's completely different if you want to buy it as investment here. The investment mortgage is much stricter, it has much higher interest rates and requires a down payment. Many houses forbidden to be sold as an investment. Everything to protect residency homes basically. Thanks for the idea about the stock market. I will make some financial video for sure but not sure how deep I can go. I usually buy World ETFs.
If you don't have residency you're not allowed to stay in the Netherlands so the only conceivable use would be buying to rent it out. (and good luck with that with the current taxation crisis, renting out runs at a loss in most situations)
@@cristianalexandrescu916 My template is quite messy and doesn't include calculations for taxes. So it's easier to modify the one above than figure out mine 😅 I might be make it better at some point and publish. There is also a website I used quite often: whathemortgage.com/?deduction=36.93&interest=4.96&price=400000&rent=1300&savings=20000
Check out my guide to buying a house in the Netherlands: slowandsteadyblog.com/buying-a-house-netherlands
@Dmitrii, If you don't mind, can you share the spread sheet that you used for the calculation?
@@sumukhahs6618 This spreadsheet is now part of the guide: slowandsteadyblog.com/buying-a-house-netherlands
I'm glad to see someone talking about house searching that isn't only in the west side of the Netherlands!! Zwolle is a wonderful city, one day I'd like to get a property either there or Deventer. Those cities are quite expensive for this side of the country, but not outrageous like Amsterdam and very nice if you can afford it!
We already moved and I can confirm! Amazing city! I love Deventer as well. I think their old town is absolutely magnificent.
Yeah, I also noticed that most of the RUclipsrs are either in Amsterdam or in other 3-4 big cities.
Well done, these must be exciting times! Also good for you for encouraging people to indeed get an aankoopmakelaar and a proper mortage advisor, it's a very sensible thing to do unless you are *very* determined to DIY those bits. They probably both urged you to get the bouwtechnische inspectie done. :) Buying a house is a big thing, and having (paying) knowledgeable people there to guide you in the process is incredibly helpful.
It is exciting! Thank you!
Yeah, I think it totally makes sense, especially for such a big purchase, and it's better to pay knowledgeable people to help you.
Except you're going to blow through 6-9K paying them and STILL doing most of the work yourself. The aankoopmakelaar especially is already overpriced for the value they offer even if they charged you € 100.
The ONLY advantage they offer is you'll be let in on corrupt under-the-table deals that they don't take onto the open market to shaft sellers.
@@SanderSA-ny3lh We didn't do anything ourselves. You probably had a bad aankoopmakelaar.
Also, 6-9k? Where did you get these prices? It's extremely overprices.
> corrupt under-the-table deals
Didn't read further 😂
@@dpashutskii
€ 2600 mortgage advisor, € 2300 aankoopmakelaar, € 400 bookkeeper fees for nonsense the mortgage advisor wanted but didn't need.
Ah. I thought you are only talking about mortgage advisor.
In that case, your number is too small 😅
Buying a house takes around €12-15k with all the fees.
But again, we got all the job done for us so I think you had a bad company.
Thanks for posting this, your videos are great. I've watch both the Dutch house buying videos and you advice on learning languages and you are evidently a switched on guy. We moved from England to the Netherlands in 1991 for a 3 years which were just the best so you have made a good choice. We'd love to move back but unfortunately Brexit gets in out way🥺!
Thank you so much! I hope you managed to get here!
Congratulations, guys! 🎉 So happy for you ❤
Thank you so much!
fantastic video. If you could go more into the process of your market analysis that made you settle on Zwolle and why you wanted to be away from the Ranstad that would be great.
"Why not Ranstad" is a simple question. It's too expensive.
"Why Zwolle specifically" is harder one. I just loved the vibe here a bit more than in other cities and it's relatively cheap area.
Very helpful video. Looking forward to the next one.
Glad to hear it! I am on it!
Hey Dmitrii, nice videos, however I have some questions
1. Is there any bidding process when you tried to a house?
2. What is the sequence of the steps you mentioned in your video? Like talking to your mortgage advisor, hiring a real estate agency, sending a technician to inspect the house, applying your mortgage, buying the house, etc.
Thanks!
Thank you!
1. Yes, it's popular especially in big cities. In my case we even underbid.
2. Many things happen simultaneously but in general the sequence is the same as I talk about it on video.
Hey! Thanks for sharing, quite informative! I was wondering if you could also share the spreadsheet that you referred to
Upgraded and modified spreadsheet is now part of this product if you're interested: slowandsteadyblog.com/buying-a-house-netherlands
Thinking smut moving here my mom is from the Netherlands and she taught me Dutch years ago 😅
Very helpful video. IF you could guide me on this one: Step 1 is to hire a housing agent/makellar, then hiring a financial advisor, hire a inspector to do the check of the house I plan to buy? Not sure why I need makellar because anyhows the house I plan to buy will be shown to be by a makellar who will help me further (right or wrong)?
I do not 100% understand the question, but an agent helps you with everything related to buying a house.
So:
- tips about the market, areas, regulations etc
- scheduling viewings
- can check properties instead of you, or show you them on video
- give opinion and tips on specific properties
- tips on price and bidding
- price negotiation and bidding for you
- schedule appraisal, recommend other advisors
- legal stuff in dutch
- any other tips and moral support related
If you don't need any of this and your Dutch is good, you can skip hiring Makellar.
Thanks for posting
Could you share the timeline of the purchase? From the moment you started searching to the moment you moved in? Thanks in advance!
Good one.
It's hard to pinpoint the moment we started seriously searching because we've been in looking mode for some time. But I think the whole process is something like this:
- 05.04.2023 - We first met with the real estate agent and signed the contract with them the next day.
- 08.04.2023 - 24.04.2023 - we went for house viewings organized by the agent. We went to Zwolle 3 times and looked at about 7-8 houses.
- 24.04.2023 - We had the first consultation with the mortgage advisor.
- 26.04.2023 - We bid on the house, and they accepted the bid the same day.
- 01.05.2023 - We asked the rental company if we could terminate the rental contract earlier to buy a house, and they agreed, so we settled the date with the house owner.
- 03.05.2023 - We hired a technical inspector to check the house.
- 18.05.2023 - Our mortgage advisor applied for a mortgage after collecting all the docs from us.
- 01.06.2023 - We got the mortgage confirmation. It would have been even faster if we were not from Russia.
- 28.06.2023 - We got the keys, signed everything at the notary, and moved to the house.
I'll add it to the description of the video, thank you for the question!
Thank you so much Dima.
My wife and I are planning to move to the Netherlands in the near future.
I had one question, regarding the mortgage. Are the expats eligible to take mortgage since the first day of entry, or they have to wait for permanent resident permit or some specific time?
Thank you for watching!
The requirement is that you reside and work in the Netherlands for 6 months. I think there are some exceptions to the rule, but that's the general advice.
You do not need to have a permanent resident permit (it's only after 5 years).
If you ever decide to buy a house, I recommend checking my guide to buying a home. The e-book I recently published is slowandsteadyblog.com/buying-a-house-netherlands. It can help a lot in the process.
Hey Dmitrii, great video and very helpful. could i request you to share the link to the reddit spreadsheet you were talking about. Thanks
Thanks! Sure!
Original post and spreadsheet is here - www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/. But I might make public my own as well.
@@dpashutskiihave you thought about this? Would love to get that sheet!
Hey! Thank you for the great video, this is exactly what I was looking for. A quick question on the Excel sheet - the creator assumes a cost of owners association which I believe is applicable only for apartments. Would it be similar in the case of an independent building? Thanks!
Yes, correct. There is nothing similar to owning a house, so you can just exclude these costs. When you own the house, you're the only one who responsible for all the maintenance of the building. So basically instead of owner's association costs, you just pay for a maintenance when something breaks 😅
@@dpashutskii Thank you!
Great vid Dmitrii!
Thank you!
Hello! Is it possible to share the excel as well? Also I wish you all the best with the purchase process
My spreadsheet will be useless and it's a mess but I was inspired by this one: www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/
New format is great, keep on! Randomly appearing letters little annoying, tho.
Thank you! Yeah, I realised that too after I published 😅
How much is the downpayment for buying houses? And also, what would be the interest on the mortgage?
I talked about it in the second video, check it out: ruclips.net/video/_sYKL9I12Uc/видео.html
Downpayment is optional and only make sense if you cannot afford 100% of the mortgage, we paid 0.
The interest is constantly changing and usually fixed by 10 years (but it can be changed) when you get a mortgage. We have 4.12%.
Great video. Mind sharing the spreadsheet link?
Thanks!
Original post and spreadsheet is here - www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/. But I might make public my own as well.
Other than Zwolle, which other cities were in top 5?
We strongly considered Apeldoorn. But Zwolle won.
Rotterdam was high on the list because among the big cities it's more or less affordable. Also, Amersfoort is really good but also quite expensive.
We absolutely love Utrecht and Leiden but they are both unaffordable.
@@dpashutskii Great. I been to zwolle once and I really liked it. All the mentioed cities are beautiful. I am planning to buy little outside cities with good connectivity with less than 1omisn walk to public transport.
Yeah, that's an option as well. Especially if you speak Dutch, I would pick even smaller town as well.
@@RagulCJ
I would specifically recommend Soest in that case. 2 train stations with connections to Amsterdam, Zwolle and Utrecht, but price-wise they're in a bit of a low-zone between Utrecht, Amersfoort and the Gooi region. It sits in the middle between those more expensive regions.
Getting a car and becoming independant from public transport is way more lucrative in the end though. If you look at a place like Zeewolde or Bunschoten-Spakenburg, it has an identical travel time to Utrecht compared to the Utrecht region, but you can buy a family home for 200-250K there.
Hello Dmitrii, you can buy home without european residence? You can tell us the price? Thx
The price was €380k. I will talk about it in the second video.
I think it's required to have Dutch residence, if you live in another EU country, and you're not an EU citizen, I don't think it's possible. But also why would you need a house in the Netherlands, if you live in another country? 😅
@@dpashutskii was for compare it with spain, some people buy property as invesment or for inmigrate more easily, thx for the answer and i really like your channel (maybe you can check the stock market of Netherlands and talk about it in your channel).
It's completely different if you want to buy it as investment here. The investment mortgage is much stricter, it has much higher interest rates and requires a down payment. Many houses forbidden to be sold as an investment. Everything to protect residency homes basically.
Thanks for the idea about the stock market. I will make some financial video for sure but not sure how deep I can go. I usually buy World ETFs.
If you don't have residency you're not allowed to stay in the Netherlands so the only conceivable use would be buying to rent it out. (and good luck with that with the current taxation crisis, renting out runs at a loss in most situations)
Very informative. Thanks!
Glad it was helpful!
And feeling gezellig 😅
well explained!
Thanks man!
hi dmitri, can you please share the template you used to carry out budgeting scenarios (you got from reddit)
The original template is here: www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/
Very helpful - can you share the documents you used?
Thanks, The original template is here: www.reddit.com/r/geldzaken/comments/kaj5l2/i_attempted_to_calculate_renting_vs_buying_in_nl/
@@dpashutskii That template seems a little bit different. Could you share the one you used?
@@cristianalexandrescu916 My template is quite messy and doesn't include calculations for taxes. So it's easier to modify the one above than figure out mine 😅
I might be make it better at some point and publish.
There is also a website I used quite often: whathemortgage.com/?deduction=36.93&interest=4.96&price=400000&rent=1300&savings=20000
Could you share the spritesheet please?
Upgraded and modified spreadsheet is now part of this product if you're interested: slowandsteadyblog.com/buying-a-house-netherlands
Very useful
Glad to hear it!
What’s the price rage you were looking for?
For a house we've been looking at 350k-450k price range.
Ну поздравляю Дмитрий ) теперь я следующий
Спасибо, удачи!
House in the red light district must be really cheap
You'd be surprised ;) It's the most central Amsterdam it can get. I am sure houses there costs way above €1ml.