Mastering your new home’s budget: Key financial aspects to consider

Building a new home is an exciting venture, but it also comes with its fair share of financial considerations. From selecting the perfect plot of land to understanding the hidden costs associated with construction, it’s crucial to be well-informed to avoid any budgetary surprises. In this comprehensive guide, we’ll walk you through the key financial aspects and steps to ensure you master the budget for your new construction in Belgium.

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1. The land: Your home’s foundation

Before diving into the design and construction of your dream home, the first step is to choose the land on which it will stand. Land prices in Belgium can vary significantly depending on the region, with differences noted between Flanders, Wallonia, and Brussels. With an average price of 133 euros per square meter in Belgium, a 10-are plot would already set you back by 133,000 euros.

2. Additional land costs: What you need to know

Purchasing land isn’t just about its sale price. Several additional costs come into play:

Duties and Registration Fees: These vary by region, ranging from 10% in Flanders to 12.5% in Wallonia and Brussels.
Notary Fees: These are based on the land’s purchase price. It’s advisable to consult a notary for an accurate estimate.
Credit and Insurance Costs: These can differ based on various factors. It’s best to consult your bank for detailed information.
Other Expenses: These can include costs for a land surveyor or soil testing, among others.

3. House construction costs: Beyond the bricks

Designing your home requires the expertise of an architect. Their fees can vary based on the home’s size and the tasks assigned. These fees can be a fixed price, a percentage of the total cost, or an hourly rate for specific tasks. Moreover, the construction cost is influenced by several factors, including the materials chosen. Before embarking on this journey, it’s wise to compare quotes from different builders and have them validated by an architect.

4. Ancillary expenses: The overlooked budget items

Beyond the direct construction costs, there are other expenses to anticipate:

Studies: This includes the PEB study for insulation and a stability study.
Public Utility Costs: If your land is part of a new development or isolated, don’t forget the costs associated with electricity, gas, water, and cable connections.

5. The "turnkey" solution: Hassle-free construction

If managing all these costs seems daunting, the "turnkey" solution might be the answer. Numerous specialized companies offer this package, which includes both land purchase and home construction, streamlining the entire process for you.


Building a new home in Belgium is a significant investment, both emotionally and financially. By understanding and planning for the various costs involved, you can ensure a smoother construction journey. Whether you opt for a traditional approach or a "turnkey" solution, being well-informed will empower you to make the best decisions for your dream home.