What to do with surplus value?
Calculate the home equity reserve
The home equity reserve (in Dutch: eigenwoningreserve) arises from the surplus value. Did you sell a house for the first time? Then, this surplus value is equal to the home equity reserve. However, it is also possible that you already sold a house and you are selling a new house. In this case, you add the surplus value of the new sale to the home equity reserve. With the following example, we will explain the home equity reserve:
How to lower your home equity reserve
Besides the fact that you can use the home equity reserve to buy a new house, you can also lower the home equity reserve by:
- buying off ground lease rights;
- financing the renovation or (major) maintenance of your house.
We are happy to help!
Do you choose to buy a new car with your surplus value? Of course, that is entirely up to you. However, think carefully about this decision or engage a financial advisor! Do you want to know if your mortgage interest is deductible? Or do you have other tax-related questions? We are happy to help you! Please, feel free to contact us using the information below!