Buying your first home

Buying your first home in a newly constructed residential property is a safe choice. In a newly constructed building, you will have a home where everything is new and untouched.

You will not have to worry about the additional costs of renovation or buying new home appliances. All of the important documentation concerning your home and its use is available comprehensively in a single Home Folder. The functionality of the home, such as layout solutions, storage space and location, are areas of particular focus in new residential developments.

Buying a home is always a major decision. Buying your first home is a particularly big event, as purchasing a home often involves making a commitment to a long-term loan.

If you are buying your first home:

  1. Think about what your needs regarding your home will be in a few years' time. It pays to take a long-term view when buying a home.
  2. When you have made your decision and found a home that meets your needs, contact your bank and find out what their requirements are for borrowers buying their first homes: what is the proportion of your own financing, and what collateral is needed. When your loan decision comes through, our housing sales organisation will help you with all of the details of buying a home.

Remember the tax advantages

Home buyers need to pay not only the purchase price, but also asset transfer tax. Young first-time home buyers are taxed less than people who are selling their previous home and buying a new one. Please refer to the website of the tax authorities for current information on charges related to housing transactions: www.vero.fi.

You can inform the tax authorities about asset transfer tax payment now also electronically.