How to plan your property purchase correctly – steps, costs, and risks
Buying a plot of land requires careful planning: calculate costs realistically, check the location and development possibilities, and accurately assess the value—this will help you avoid expensive surprises and make sound decisions.
PROPERTY VALUATION

Planning a property purchase wisely – costs, location, value

Purchasing a plot of land is often the first step toward realizing the dream of owning your own home—and at the same time, it is a decision with long-term implications. If you act unprepared, you run the risk of making incorrect assessments, incurring unexpected expenses, or overlooking legal pitfalls. We explain how you can approach the purchase of land in a systematic, secure, and well-planned manner.

1. Realistic cost planning – the basis for a secure start

Consider your budget early on—including all additional costs, such as:

  • Real estate transfer tax (3.5–6.5% of the purchase price, depending on the state)
  • Notary and land registry fees
  • Real estate agent commission, if applicable
  • Development costs or costs for removing contaminated sites
  • Optional: Soil survey or appraisal costs

2. Check the location – more than just the setting

In addition to classic criteria such as infrastructure, surroundings, and transport links, you should pay particular attention to the following points:

  • Is the property developed? If not, who will bear the costs?
  • Are there any contaminated sites, rights of way, or other easements?
  • What development options does the development plan allow?
  • What developments are planned in the neighborhood according to the land use plan?

It is essential to check the land register and the development plan at the building authority – ideally with the support of expert advice.

3. Check the value – before entering into negotiations

It is particularly difficult for laypeople to estimate the actual value of undeveloped land. The asking price does not always correspond to the market value. An independent property valuation can help you:

  • obtain a realistic estimate of the property value
  • gain sound arguments for price negotiations
  • protect yourself from overpaying and legal uncertainties