What to look out for when buying a vacation home?

If you buy a vacation home on a vacation park, you must take into account various, additional costs such as park fees*, waste disposal fee and costs for the use of internet and television programming. Some of these additional costs depend on whether you (partially) rent out the vacation home.

Optional additional costs are for example costs for collective CV maintenance, glass washing or garden maintenance. Within garden maintenance at TopParken, we work together with local, professional gardeners. By carrying out various, seasonal jobs, our owners are relieved of the worry and a uniform appearance is created.

In order to protect your possessions from damage, various insurances must of course be taken out, such as building and contents insurance. More information on vacation home insurance can be found online or requested from your insurance company.

*Park fees are costs for maintaining the infrastructure, biodiversity, facilities and appearance of the vacation park.

Have you already looked into the different options in terms of renting or buying land? Buying a vacation home on your own land has the advantage that you own the entire lot. The vacation home is therefore on the grounds of the vacation park, but the land on which your home stands is yours. Even if the vacation park is sold or goes bankrupt, for example, you remain the owner of the cottage and the land.

If you buy a vacation home on rental land, you will be cheaper in the short term because you only buy the home itself. On the other hand, you will incur additional annual costs for renting the land.

Most likely, you have already mapped out your budget. It is important to take into account all the costs involved in the purchase of a vacation home. This is not only the selling price of the vacation home, but also costs such as transfer tax, brokerage, notary fees and subsequent maintenance costs, fixed costs, additional costs and insurance.

With mapping the budget, also comes the method of financing. You can finance a holiday home from your own resources, for example with the surplus value of your house or by means of a (personal) loan/mortgage. A combination is of course also possible, where you finance a holiday home from your own resources and take out a mortgage. Our advice? Let a mortgage advisor inform you about this.

If you are interested in financing a holiday home with a mortgage, it is important to realize that you cannot deduct the mortgage interest. A vacation home falls into box 3 in the tax return, this is income from savings and investments.

More information about the possibilities for financing your own vacation home can be found on this page.