When buying a house in Mauritius, there are many additional costs to consider. The buy of a house necessarily requires to take into account its expenses and to include them in its global budget. Without defining your budget beforehand, you risk having bad surprises.
First of all, you will have to take into account the moving expenses. To do this, you should start by carrying out an inventory of all the furniture you have. You will then have to ask yourself if you want to take care of the move yourself or if you want to hire a professional for your house buy in Mauritius. If you are located outside of Mauritius and you wish to bring your numerous pieces of furniture to your new home, you will have to import them in a container, which represents a certain cost.
When you want to buy an old house in Mauritius you will surely have to allocate a budget for the restoration, renovation, modernization... As for moving, you will have to ask yourself if it is preferable to go through professionals or if you think you are able to take care of it yourself. It is difficult to estimate the cost of restoration work when you buy a house in Mauritius since it depends on the property you are acquiring. To do this, we advise you to ask the professionals to come with you on the spot to evaluate and allow you to have a first idea of the expenses of work to be envisaged during the buy of your house in Mauritius.
Contacting a real estate professional is one of the best solutions when you want to buy a house in Mauritius. Indeed, the professional will be able to accompany you throughout your purchase process and adapt to your desires and your needs. He will have a major role in defending your interests with the owner and thus allow you to realize the best possible purchase. His knowledge of the market and his network will also be beneficial in order to find the product that suits you. Agency fees are generally 4% of the sale price of the house.
When you buy a house in Mauritius, it is preferable to go through a notary for the preliminary sale agreement and the final act. The notary who can be chosen by the parties is a guarantee of reliability. He defends the interests of both parties; the seller and the buyer. He will also take care of the money transfer, which will ensure the seller the good payment of the funds. The notary's fees usually amount to 7% or 8% of the sale price of the house.
Like most buyers, you will probably have to take out a loan to buy your home in Mauritius. You will then have to take into account the costs related to the credit such as the interest rate and the additional costs such as the insurance, which is sometimes mandatory to obtain a loan, or the file fees.
Our BARNES Mauritius team is at your entire service to advise you and accompany you in your project to buy a house in Mauritius.