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Buying or building?

We've set out all the advantages and drawbacks for you.

Buying or building?

We've set out all the advantages and drawbacks for you.

Buying or building a home has a great impact on the household budget. That's why it's very important that your financial approach and choice are well planned. We've set out all the advantages and drawbacks for you.

Buying a home, the advantages

  • You know exactly when you can enter your new home, since there are no delays as is often the case with a newbuild.
  • There are no hidden surprises, since you know how much it will cost. 
  • If you need to renovate, you can often count on subsidies.
  • If the house is older than 10 years, then renovation work can be invoiced at 6% VAT instead of 21%. 

Buying a home, the drawbacks

  • The house may not be completely to your liking so you'll have to compromise.
  • Not all defects are visible.
  • You're more likely to have maintenance and repair costs sooner than with a newbuild.

Building a home, the advantages

  • You can completely design the house and organise it as you wish.
  • If you're handy, you can carry out some of the work yourself and save costs (e.g. kitchen installation).
  • You won't have to pay maintenance or repair costs for many years.
  • The value of property tends to rise faster long term than the rate of inflation.

Building a home, the drawbacks

Buying or building a home
  • If you’re not good at interpreting building plans or visualising rooms, the final result might be disappointing.
  • If you're carrying out any work yourself, you or one of your helpers could have an accident. You might have problems with the VAT inspector, the social inspectorate or the unemployment office.
  • Spreading the completion and furnishing of your home over several years can be inconvenient and can hit your purse. The work can bite deeply into your free time, sapping your motivation, putting a strain on the family, and affecting your performance at work. A turnkey formula can be a solution.
  • Construction costs might turn out higher than estimated. You might have to remain longer than planned in your current rented home, requiring you to pay rent and loan repayments at the same time.
  • Everything is subject to 21% VAT.

If you would like more information about buying, building or renovating a home, then request a free KBC Housing Guide. You'll receive this extensive guide in your mailbox immediately. You can also obtain a hard copy from your KBC Bank branch or KBC Insurance agent.

Green energy loan

Building or renovating your home to make it energy-efficient, fire-resistant and secure? Go for a KBC Green Energy & Security Loan and get the benefits.

Renovation loan

Renovate your home with one of our great-value loans. Work out in just two minutes what it’ll cost you.

What insurance for your home?

There are many different types of home insurance. What is the best way to protect your home?

Planning for a new home?

Simulate your home project and see how much it'll cost you. Work out a loan that's feasible and ideal for you.
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