Hidden Costs When Buying New Real Estate: What You Need to Know

In addition to the main budget for the purchase, it is essential to consider additional expenses that many buyers may not be aware of. In this article, we’ll break down the key additional costs you might encounter when purchasing new real estate, especially abroad.

📝 1. Translation of Documents into French

If you are buying property in France, all your documents (passports, certificates, powers of attorney) must be translated into French. Moreover, the translation must be done by an accredited translator based in France.
Cost: translation of one document starts at €30.

👉 Tip: To save time, prepare a complete list of documents requiring translation in advance and confirm the requirements with the notary or agency.

🖋 2. Issuance of Remote Electronic Powers of Attorney

If you cannot be present in person to sign the contracts, you will need to issue an electronic power of attorney. This is a mandatory step for managing the transaction remotely. Powers of attorney are issued through certified notarial systems.
Cost: approximately €150 per power of attorney.

👉 Tip: Confirm exactly which powers of attorney are needed to avoid additional expenses for reissuing documents.

🏢 3. Contribution to the Costs of Preparing the Condominium Charter

When purchasing property in multi-unit buildings (apartments), you will need to pay your proportional share of the costs for preparing the condominium charter. This document regulates the use of common areas, such as staircases, elevators, pools, and other shared facilities.
Cost: approximately €248.

👉 Tip: Request a copy of the charter from the developer or management company in advance to review its terms.

💡 Conclusion: Hidden Costs to Consider

When buying real estate, it is important to account not only for the price of the property but also for additional expenses:
• Document translations: €30–€150 per document;
• Electronic powers of attorney: approximately €150;
• Preparation of the condominium charter: €248 or more.

These expenses may seem minor compared to the cost of the property, but ignoring them can lead to unexpected challenges. Prepare in advance to ensure a smooth purchasing process.

🔑 Buying real estate is not just an investment in comfort but also a legal responsibility. Professional support will help you avoid unpleasant surprises.