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Author: jproi

  • Brussels real estate: Understanding tax reductions for first-time buyers

    The real estate market in Brussels offers a plethora of opportunities, especially for first-time buyers. One such opportunity is the tax reduction on registration rights, commonly referred to as an “abatement.” This reduction can significantly lower the amount of registration rights payable by the buyer, making it a lucrative proposition for those eyeing a property in the capital.

    couple home
    Sinitta Leunen

    What is the Abatement?

    If you’re considering purchasing a property in any of the 19 municipalities of Brussels, you’re in for some good news. Since the abolition of the housing bonus in 2017, buyers can avail a fiscal abatement on registration rights in Brussels.

    Breaking Down the Abatement

    Effective from April 1, 2023, in Brussels, the fiscal abatement now applies to a bracket of 200,000 €. This translates to a saving of 25,000 €, given that the registration rights rate stands at 12.5%. Previously, the abatement was on 175,000 €, offering a saving of 21,875 €. This fiscal incentive, however, comes with specific conditions:

    – The purchase price of the property must not exceed 600,000 €.
    – The acquisition should be for the entire property in full ownership.
    – The property should be used or intended (even partially) for residential purposes.
    – At the time of acquisition, one should not fully own another property.
    – The buyer must establish their primary residence within two years from the signing of the deed and maintain it for at least five uninterrupted years.

    Failing to adhere to these conditions will require the buyer to repay the benefit, except in cases of force majeure such as death, divorce, severe accident, illness, etc.

    Additional Benefits for Renovation

    The benefits don’t stop there! Brussels’ Finance Minister, Sven Gatz, has advocated for an additional abatement in cases of significant energy renovation of the property. This secondary abatement amounts to 25,000 € per energy class jump on the PEB scale, provided there’s an improvement of at least two jumps. In such scenarios, homeowners initiating the renovations will enjoy an additional abatement of 50,000 €. This means a fiscal gain of 6,250 € on top of the 25,000 € from the previously mentioned abatement, bringing the total fiscal advantage to a whopping 31,250 €!

    What Does This Mean for Potential Buyers?

    These new regulations are a windfall for prospective homeowners in Brussels. The combined benefits of the abatements can lead to substantial savings, making homeownership in the capital more accessible and affordable. For those contemplating a property purchase in Brussels, it’s essential to be aware of these benefits and understand how they can impact your financial planning.

    Seeking More Information?

    If you’re on the fence about buying a property in Brussels or want to understand how these benefits translate to your specific situation, consider visiting our partner site, mes-finances.be. Here, you can simulate a mortgage loan, giving you a clearer picture of your financial commitments and the savings you stand to gain.

    Conclusion

    Brussels’ real estate market is ripe with opportunities, especially for first-time buyers. The introduction of these fiscal abatements showcases the government’s commitment to making homeownership more attainable for its residents. Whether you’re a first-time buyer or considering a property upgrade, understanding these benefits can significantly influence your purchasing decision. So, before you dive into the Brussels real estate market, arm yourself with this knowledge and make an informed choice.

  • 5 tips to choose the perfect color for your living room

    The living room is often the heart of the home, a place where families gather, friends chat, and memories are made. The color of this space can significantly influence its ambiance and the overall feel of the home. But with endless color options available, how do you make the right choice? Here’s a guide to ensure your living room reflects your style and purpose.

    living room
    Jon Nathon Stebbe

    1. Define Your Goal

    Before diving into color palettes, it’s essential to understand what you aim to achieve with the new shade. Do you want to make your living room appear more spacious? Or perhaps you’re aiming for a cozy, intimate setting? Lighter hues can visually expand a room, while darker tones create a snug and intimate atmosphere. Remember, the color you choose can dramatically influence your home’s mood and energy.

    2. Try Before You Buy

    It’s a common dilemma: a color looks perfect on the swatch but entirely different on your wall. Fortunately, there are ways to avoid post-painting regrets. Many paint suppliers offer mini pots for testing. Apply a small patch on your wall and observe it under different lighting conditions. Additionally, numerous apps allow you to virtually paint your room, giving you a preview of the final look. Experimenting beforehand can save time, money, and disappointment.

    3. Trust Your Instincts

    While the internet and magazines overflow with inspiration, it’s crucial to trust your instincts. Your living room should reflect your personality and preferences, even if they don’t align with the latest trends. If you’re unsure about your choices, consider consulting a professional. Interior designers or paint store experts can provide valuable insights tailored to your taste and the room’s architecture.

    4. Considering Dual Tones?

    Using two distinct colors can add depth and character to your living room. If you’re leaning towards this approach, our advice is to pick shades that contrast. This strategy can highlight specific walls or architectural features. For a subtle look, pair a pastel shade with white. It’s a timeless combination that’s hard to get wrong and can infuse your space with elegance.

    5. Embrace Mistakes

    Even with all the planning, sometimes things don’t turn out as envisioned. But that’s okay! Home decor is as much about experimentation as it is about expression. If you’re not thrilled with the outcome, you can always repaint or learn to love the unexpected result. Over time, what seemed like a mistake might grow on you, adding a unique charm to your living room.

    Conclusion: Crafting a Living Room You’ll Adore

    Choosing the right color for your living room is a blend of art and science. It’s about understanding the room’s dynamics, your preferences, and the emotions colors evoke. With these tips in hand, you’re well-equipped to transform your living room into a space that resonates with your style and vision. Happy painting!

  • 5 essential tips to maintain and enhance your wooden deck

    A wooden deck is more than just an extension of your home; it’s a cherished space where memories are made. Whether you’re hosting summer barbecues, reading a book on a lazy afternoon, or simply enjoying the outdoors, your wooden deck plays a pivotal role. However, like all precious things, it requires care and attention. Here’s how you can ensure your deck remains as stunning as the day it was installed, without needing expertise in carpentry.

    1. Regular Cleaning: The First Step to Brilliance

    Over time, elements like moss, lichen, and general dirt can accumulate on your deck, making it slippery and diminishing its aesthetic appeal. It’s akin to a beautiful painting gathering dust. To prevent this, it’s advisable to clean your wooden deck once or twice a year. A stiff broom can be your best ally in this endeavor, helping you brush away debris and restore the deck’s natural beauty.

    2. Embrace Natural Cleaning Solutions

    In our quest to maintain our decks, it’s essential to be mindful of the environment. Instead of resorting to harsh chemicals, consider a blend of black soap and water, with an optional addition of baking soda. Not only is this mixture effective, but it also ensures that your deck and surrounding plants remain unharmed. It’s a win-win for both nature and your deck.

    3. Treating the Wood: A Shield Against Time

    Think of wood treatments as a protective shield, much like sunscreen for our skin. These treatments, which can be in the form of stains or varnishes, guard the wood against weathering and dirt. They prevent the natural graying of the wood, ensuring your deck remains vibrant. While some woods come pre-treated, an additional layer can offer enhanced protection, making it a worthy investment.

    4. Aerate Your Deck: Let It Breathe

    Just as we need space and air to breathe, so does your deck. Furniture and other objects can cast shadows, creating damp spots perfect for moss and lichen growth. By elevating these items or occasionally moving them around, you ensure every part of your deck gets its share of sunlight and air. Think of it as a refreshing yoga session for your deck, minus the mat!

    5. Keep Dead Leaves at Bay

    Autumn might bring a picturesque cascade of golden leaves, but these can be detrimental to your deck. Wet, decaying leaves are a breeding ground for moss and lichen. Regularly sweeping them away is akin to tidying up your home, ensuring your deck remains pristine and inviting.

    Conclusion: A Deck for the Ages

    Your wooden deck is a testament to timeless beauty and durability. Whether you prefer the natural graying of the wood or wish to retain its original hue, the above tips will ensure your deck remains a source of pride and joy. With a little effort and love, you can enjoy the warmth and elegance of your wooden deck for years to come.

  • Paying your contractor? Here’s what you need to know first

    Embarking on a home renovation or construction project is an exciting venture. However, when it comes to settling the bill, it’s crucial to ensure that the work is up to your expectations. Paying your contractor without thorough checks can lead to complications, especially if the job isn’t completed to your satisfaction.

    construction
    Milivoj Kuhar

    Why you shouldn’t rush the payment

    It’s a common scenario: the project is nearing its end, and your contractor presents the final bill. While it might be tempting to settle the payment and move on, doing so without a thorough inspection can be a mistake. If you pay the entire amount without addressing any concerns, you might inadvertently signal your approval of the work. This can make it challenging to raise issues or seek corrections later on.

    Communication is key

    If you notice that the work isn’t up to the mark or there are pending tasks, it’s essential to communicate with your contractor. Always have a record of your communication, such as an email detailing your concerns. This not only serves as a reminder for the contractor but also provides you with evidence should any disputes arise.

    If your contractor doesn’t respond to your initial communication, consider sending a registered letter. This formal approach ensures that your concerns are documented and emphasizes the seriousness of the matter.

    Settling the undisputed amount

    While it’s essential to hold back payment for unsatisfactory work, it’s equally important to show goodwill. If a portion of the job meets your expectations, consider paying that amount. This gesture demonstrates your intention to settle the bill once all concerns are addressed.

    To determine the amount to pay, assess the value of the completed work versus the pending tasks. It’s advisable to set aside the disputed amount rather than transferring it to the contractor. Paying the entire bill might lead to complacency, and the contractor might not prioritize the pending tasks.

    Protecting your interests

    Home renovation and construction projects are significant investments. As a homeowner, it’s your right to ensure that you get value for your money. Here are some additional tips to protect your interests:

    Document everything

    From the initial contract to email exchanges, ensure that you have a record of all communications and agreements. This documentation can be invaluable in case of disputes.

    Seek expert advice

    If you’re unsure about the quality of work, consider getting a second opinion. An independent expert can assess the job and provide feedback.

    Know your rights

    Familiarize yourself with local regulations and consumer rights related to construction and renovation projects. This knowledge can empower you during negotiations.

    Consider mediation

    If you and your contractor can’t reach an agreement, consider mediation. A neutral third party can help both sides come to a resolution.

    Conclusion

    While it’s natural to want to wrap up a project and settle all dues, it’s crucial to ensure that the work meets your expectations. By communicating effectively, documenting everything, and knowing your rights, you can ensure a successful project outcome and protect your investment.

  • Carport vs. garage: which is the best choice for your vehicle?

    When it comes to safeguarding your vehicle, the choice between a carport and a garage might seem straightforward. However, there’s more to consider than meets the eye. Whether you’re building a new home, renovating, or simply adding to your existing property, the decision is crucial. Let’s delve into the pros and cons of each option to help you make an informed choice.

    Carport

    Security: Garage Takes the Lead

    When it comes to security, garages have a clear edge. Under a carport, your vehicle remains visible, offering little to no protection against potential intruders. On the other hand, a garage provides a secure environment, even allowing for the installation of alarms. If the garage is integrated into the main house, the security level is even higher. This protection extends not only to your vehicle but also to any gardening or DIY tools you might store there.

    Costs: Carport Wins on Affordability

    In terms of cost, carports, with their simpler design, are undeniably more affordable than garages, especially brick-built ones. A DIY enthusiast can set up a decent carport for just over 1000 euros. In contrast, a garage, especially one integrated into the house, requires a significantly larger budget.

    Usability: A Tie Between Carport and Garage

    Carports offer unparalleled ease of use, with no doors to open or close and virtually unlimited width. Maintenance is also simpler, especially for wooden structures. However, an integrated garage with an automated door offers the ultimate convenience. It shields you from the elements when entering or exiting your vehicle, ensuring a warmer car in winter and a cooler one in summer.

    Construction Ease: Carport Takes the Crown

    The carport’s simplistic design makes it easier to install than a garage, especially a brick-built one. With no need for doors, insulation, or complex roofing, and minimal foundational requirements, carports also occupy less space than garages.

    Corrosion Risk: It’s a Draw

    Contrary to popular belief, carports can better prevent corrosion risks than garages. While they shield vehicles from harsh weather, the open design allows wind to dry the vehicle quickly. However, for classic cars or weekend treasures that rarely face rain, a garage remains the top choice. A heated garage is the gold standard, but if that’s out of reach, a sealed wooden structure is ideal due to its natural humidity-fighting properties.

    Urban Planning Permissions: A Level Playing Field

    Both carports and garages may be exempt from urban planning permissions under specific conditions. It’s essential to consult local regulations, which typically consider factors like maximum area, roof type, height, and the structure’s location.

    Conclusion: Making the Right Choice

    A simple tally of the above criteria might suggest that carports have an edge over garages. However, the best choice largely depends on individual needs. Carports are perfect for everyday vehicles, especially when adding to an existing structure. They’re easy, efficient, and cost-effective, gaining popularity among homeowners. Yet, nothing can match the security and versatility of a garage, especially for safeguarding both vehicles and other valuable equipment.

  • 5 key things to know about rainwater harvesting systems

    Water is a precious resource, and with the average family spending approximately 500 euros annually on tap water, it’s no surprise that many are turning to rainwater harvesting as a cost-effective solution. If you’re considering this eco-friendly approach, here are five crucial things you should know.

    Underground rainwater storage

    1. Setting up a Rainwater Tank

    The first step in utilizing rainwater is collecting it. Most rainwater harvesting systems comprise gutters that channel water from the roof directly into a storage tank. However, it’s essential to note that roofs made of copper, lead, or aluminum are unsuitable for this purpose. These materials can dissolve in rainwater, posing health risks when consumed. Similarly, wooden roofs are not recommended as oils from the wood can discolor the water. Some experts also advise against using rainwater from flat roofs. It’s always best to consult with a roofing specialist to determine the suitability of your roof.

    2. The Need for a Pump

    To distribute the collected rainwater throughout your property, you’ll need a pump. Various models are available, including submersible ones. However, it’s advisable to install the pump in an easily accessible location, as pump-related issues are not uncommon. Regular maintenance can help prolong the pump’s lifespan and ensure efficient water distribution.

    3. Filtering the Rainwater

    Once collected, it’s vital to filter the rainwater to ensure its quality. You can install one or multiple filters downstream of the pump. Alternatively, a filter can be placed between the gutter and the rainwater tank. Several filter types are available in the market, so it’s essential to research and choose one that best fits your needs.

    4. Maintaining the Storage Tank

    Rainwater is typically stored in concrete tanks, which naturally neutralize acidic rain, slightly mineralizing the water in the process. It’s worth noting that plastic tanks don’t alter the water’s pH. Regardless of the tank material, regular cleaning is crucial. Over time, sediment can accumulate at the bottom, forming a layer of sludge that needs to be removed to maintain water quality.

    5. Sizing and Cost Considerations

    For an average family using rainwater for toilets, laundry, and an external tap, a 5,000-liter tank is usually sufficient. However, if you plan to use the rainwater for additional purposes like cleaning, gardening, or other household chores, it’s wise to invest in a larger tank.

    The cost of setting up a rainwater harvesting system varies based on several factors, but you can expect an investment ranging between 3,500 to 4,000 euros. While this might seem like a significant upfront cost, the long-term savings on your water bill will ensure the system pays for itself over time.

    Conclusion

    Rainwater harvesting is not only an excellent way to save money but also a sustainable approach to conserving water. By understanding the intricacies of setting up and maintaining such a system, you can make an informed decision and contribute to a greener future.

  • Understanding rental guarantees in Flanders: A guide for property owners

    The real estate market in Belgium, particularly in Flanders, is governed by a set of intricate rules and regulations. One such aspect that often becomes a point of contention between landlords and tenants is the rental guarantee. This guarantee serves as a safety net for landlords, ensuring they have a financial buffer in case of damages to the property. But how does it work, and what should landlords be aware of? Let’s delve into the intricacies of rental guarantees in Flanders.

    paperwork
    Dimitri Karastelev

    The essence of rental damages

    When a rental period concludes, and the tenant prepares to vacate the property, it’s the landlord’s responsibility to inspect the premises for any damages. If the property appears to have sustained damages beyond the usual wear and tear, the landlord has the right to claim the rental guarantee, either in full or in part. This guarantee acts as a financial cushion, ensuring that the landlord doesn’t bear the brunt of repair costs. If the damages exceed the guarantee amount, the landlord can also demand the tenant to pay the difference.

    Claiming the rental guarantee

    While the rental guarantee serves as a protective measure for landlords, it’s essential to understand that it cannot be claimed unilaterally. Neither the landlord nor the tenant can single-handedly decide on the distribution of the guarantee. Instead, a written agreement outlining the division of the guarantee is mandatory. This agreement can only be formalized at the time of lease termination or later. Any clause in the rental contract that pre-decides the allocation of the rental guarantee is deemed invalid.

    Resolving disputes

    Disagreements over rental guarantees are not uncommon. If a consensus between the landlord and tenant remains elusive, the matter might need legal intervention. In such cases, either party can approach the court to seek the release of the guarantee.

    However, landlords in Flanders need to be particularly vigilant about the timeline. The Flemish housing decree stipulates a specific timeframe for landlords to act. According to the law, a landlord’s right to claim the rental guarantee in their favor expires one year after the lease termination. This means that landlords have a limited window to address any disputes related to the guarantee, emphasizing the importance of timely action.

    Tips for landlords

    1. Conduct thorough inspections: Always ensure a comprehensive inspection of the property both at the beginning and end of the lease. This will help in identifying and documenting any damages accurately.

    2. Open communication: Maintain transparent communication with your tenant. Discuss any concerns regarding damages and try to reach an amicable solution before considering legal action.

    3. Stay informed: Familiarize yourself with the local laws and regulations governing rental guarantees in Flanders. Being well-informed will help you navigate any challenges more effectively.

    4. Seek legal counsel: If you’re unsure about any aspect of the rental guarantee or if disputes arise, consider seeking legal advice. A legal expert can provide clarity and guide you through the process.

    Conclusion

    The rental guarantee is a crucial aspect of the landlord-tenant relationship in Flanders. It ensures that landlords have a safety net against potential damages to their property. However, understanding the nuances of this guarantee, from claiming it to resolving disputes, is vital for a hassle-free rental experience. By staying informed and adopting a proactive approach, landlords can ensure a smooth rental journey, safeguarding their property and financial interests.

  • Do you need a permit for installing air conditioning in Belgium?

    The rising temperatures during recent summers have led many in Belgium to consider installing air conditioning in their homes. But with every home improvement, there’s always the looming question: Do you need a permit? Let’s delve into the specifics of air conditioning installation in Belgium and the associated regulations.

    Installing an external unit: Do you need a permit?

    For those considering installing an air conditioning system with an external unit, the general rule is that you typically don’t need an urban planning permit. However, it’s always a good practice to check with your local municipality. In some cases, they might require you to file a declaration, ensuring that you’re adhering to local regulations and not causing any disturbances to your neighbors or the aesthetics of the area.

    Living in an apartment: A different ball game

    Apartment living often comes with its own set of challenges, and installing air conditioning is no exception. If your installation doesn’t affect the common areas of the building, you’re in the clear. This means if you’re installing the unit entirely within your apartment without any external modifications, you’re good to go.

    However, complications arise when you need to make modifications that affect the common areas, such as drilling through a shared facade to install the external unit. In such cases, you’ll need to seek approval during the co-owners’ meeting. The catch? A whopping three-quarters of the co-owners need to give their nod.

    What if you face rejection?

    Facing a refusal from the co-owners can be disheartening, especially when you’re trying to beat the heat. But don’t lose hope just yet. If you believe that the refusal is unjust, you have the option to approach the Justice of the Peace. While this might seem like a drastic step, it’s a viable option for those who feel that their comfort during sweltering summers is being unfairly compromised.

    Conclusion

    Installing air conditioning in your home in Belgium, be it a standalone house or an apartment, requires a bit of research and, in some cases, negotiation. While the process might seem daunting, it’s essential to ensure that you’re not only legally compliant but also maintaining a harmonious relationship with your neighbors and co-owners. After all, a cool home is best enjoyed when there’s peace both inside and out.

  • Are heat-resistant blinds the right choice for summer comfort?

    Summers are becoming increasingly hotter, with heatwaves becoming a common occurrence. These soaring temperatures can make our homes feel like ovens, making it essential to find effective solutions to keep the interiors cool and comfortable. While many resort to opening windows early in the morning, using fans, or even turning on air conditioners, there are more sustainable and energy-efficient alternatives available. One such solution is the heat-resistant blind.

    window blinds

    How do these blinds work?

    Heat-resistant blinds, also known as sun-blocking blinds, are specifically designed to shield homes from the sun’s intense heat that can cause the greenhouse effect through window panes. These blinds are equipped with a special thermal fabric that diminishes the sun’s radiating effect and absorbs a portion of the produced heat.

    By doing so, these blinds not only protect against the blinding glare of intense sunlight by reflecting some of it but also ensure that a fraction of the sunlight filters into your home. This ensures that you don’t miss out on the sun’s benefits, especially for indoor plants. Moreover, these blinds help maintain a bearable ambient temperature, reducing the need for air conditioning. An added advantage is that the fabric offers effective UV protection.

    Is it worth investing in heat-resistant blinds?

    If your home features windows facing directly south, considering heat-resistant blinds is a wise decision. These blinds can effectively reduce indoor temperatures economically, eliminating the need for energy-consuming air conditioners.

    But the benefits of these blinds aren’t limited to summers alone. They also offer insulation against the cold during winters. This dual functionality means you can have better control over your energy consumption throughout the year, leading to significant savings, especially on heating bills.

    Furthermore, beyond their insulating capabilities, heat-resistant blinds also provide an added layer of privacy, shielding your home from prying eyes.

    Conclusion

    In an era where sustainable living is becoming a priority, heat-resistant blinds offer an eco-friendly solution to temperature control in homes. They not only ensure comfort during scorching summers but also provide warmth during chilly winters. Their added advantage of UV protection and privacy makes them a valuable addition to any home. As we continue to experience changing weather patterns, it’s essential to equip our homes with tools and solutions that offer comfort, energy efficiency, and sustainability. Heat-resistant blinds fit the bill perfectly, making them a worthy investment for homeowners.

  • Lending money to your child for a home purchase in Belgium: What you need to know

    If your child is considering buying a home, you might be contemplating lending them some money to help with the purchase. While this is a generous gesture, it’s crucial to take certain precautions to avoid misunderstandings or legal complications down the line.
    descendance

    Importance of a written contract

    First and foremost, it’s vital to draft a written agreement. Without one, if your child fails to repay the loan, you may not be able to prove that you actually lent them the money, putting you at risk of not recovering your funds. Belgian law stipulates that contracts exceeding 3,500 euros must be proven in writing.

    You can draft a formal contract, which should be created in as many original copies as there are parties involved. Each party should receive an original copy. An alternative is a promissory note, which should include the loan amount (in words) and the signatures of the parties involved.

    Terms and conditions

    Interest and repayment schedule

    Agree on the loan’s terms with your child and include these conditions in the written agreement. This could involve any interest to be paid and specify when the loan should be repaid—whether in a lump sum at the end, or in monthly or yearly installments.

    Collateral and loan purpose

    You can also agree on collateral or a pledge on certain assets. Don’t forget to specify the loan’s purpose in the contract, such as buying a house or apartment or for renovations. Otherwise, your child could use the loan for other purposes than intended.

    Consider the partner

    If your child is married or living with someone, clarify whether the loan is also extended to the partner. This is crucial in case of a breakup or divorce, especially if they are married under legal regimes. If you lend money to both your child and their partner, indicate in the written agreement that they are jointly responsible for all amounts owed to you.

    Tax implications

    If your child is required to pay you interest, they will generally need to withhold a withholding tax, approximately 30%. This means your child will only need to pay you 70% of the interest.

    Cancellation of the loan

    If you wish to cancel the loan later, it’s entirely possible. In this case, the loan is converted into a gift. You can cancel the loan by sending a registered letter to your child. However, keep in mind that they will have to pay inheritance tax on the capital if you pass away within three years from the date of sending the registered letter.

    Additional tips

    Legal advice

    It’s always a good idea to consult a legal advisor to ensure that you’re making the best decisions for your unique situation.

    Open communication

    Maintain open lines of communication with your child throughout the process. Make sure both parties understand the terms and conditions to avoid any misunderstandings.

    Financial planning

    Before lending a significant amount, consider your own financial stability and future needs. Make sure lending the money won’t put you in a precarious financial situation.

    Conclusion

    Lending money to your child for a home purchase is a generous but complex undertaking. A written agreement is essential, and the terms should be clearly laid out to protect both parties. Consider the implications for all involved, including any partners and the tax consequences. Always consult with a legal advisor to ensure you’re making the best decisions for your unique circumstances.

    Final Thoughts: While lending money to your child for a home purchase can be a wonderful way to help them get started in the property market, it’s crucial to take the necessary legal and financial precautions to protect everyone involved.