Hidden Costs of Buying a Coastal Home
Discover the hidden costs of buying a coastal home in Egypt, from maintenance fees to registration expenses. Learn smart ways to avoid surprises and secure a smooth, stress-free property purchase with Triple S Real Estate.
The Hidden Costs of Buying a Coastal Home And How to Avoid Them
Buying a home is one of the biggest financial decisions you will ever make. While most buyers focus on the property’s price, many forget about the additional costs that appear along the way. These hidden expenses can impact your budget, delay your plans, or even affect your investment value.
To help you make a confident and clear decision, here are the most important hidden costs to consider and how to avoid them.
1. Maintenance & Service Fees
Most compounds in Egypt charge annual or quarterly maintenance fees to cover security, landscaping, cleaning, and shared facilities. These costs vary depending on the developer and the type of community.
How to avoid surprises:
Ask for the exact yearly maintenance fee before signing, and check how often it increases. Compare between projects to ensure you’re paying a fair rate.
2. Registration & Legal Fees
Property registration, contracts, power of attorney, and legal review all involve extra payments. Many buyers overlook these costs until the last moment.
How to avoid surprises:
Work with a trusted real estate consultant who clarifies all legal steps. Always calculate registration fees (around 2–3% of the unit value depending on the area).
3. Finishing & Furniture Expenses
Even “fully finished” homes may require extra work such as lighting, appliances, curtains, or smart home systems. Semi-finished units come with significantly higher finishing costs.
How to avoid surprises:
Request a detailed finishing specification sheet. If the unit is semi-finished, get a finishing estimate before you buy.
4. Delivery & Utility Activation Fees
Most developers charge delivery fees when you receive your unit. You will also pay to activate utilities such as electricity, gas, and water.
How to avoid surprises:
Ask for an official breakdown of all delivery and utility activation charges.
5. Commission & Admin Fees
Some developers or brokers charge administrative fees for processing paperwork. These fees are often small but should still be included in your budget.
How to avoid surprises:
Choose a brokerage that is transparent about all costs and ensures you never pay unnecessary fees.
Looking for a smooth, secure buying experience?
Contact Triple S today and let our experts guide you through every step of your investment journey.
