Have you always dreamed of your own place under the Norwegian sun or snow? A vacation home where you can relax, enjoy the overwhelming nature and maybe even spot Northern Lights? Then you share this passion with many other Dutch people who have also lost their hearts to beautiful Norway. But how do you now walk the path to your dream home in this beautiful Scandinavian country?

Why buy a vacation home in Norway?

Norway is the land of fjords, mountains and those unforgettable panoramic views that make your Instagram feed explode with “likes.” But beyond the beautiful nature, Norway is also a country of peace, space and a high quality of life.

Besides being a beautiful country, Norway is also a vacation destination that is increasingly on the rise. This popularity offers many opportunities when it comes to earning returns. For example, you are likely to be able to rent out the vacation home well and thus earn an attractive return.

The first steps to owning a vacation home in Norway

Before you start looking for a property at all, think carefully about a number of things. First determine the motive why you are going to make this investment. Buying a vacation home is a big investment that you don’t make every day. The motive of purchase can vary and is quite influential on the type of property you might buy.

Are you only going to use the vacation home for yourself or do you also want to rent it out for returns. If you are only going to use the property yourself, you can obviously follow your own requirements.

Should you want to rent out the property, it is important to also consider the wishes of potential tenants. Especially consider the type of property, location and accessibility. The facilities in a vacation home can also ensure a good return. Think about a jacuzzi or a sauna.

Tips for buying a property in Norway

Below we provide some tips to get you started on buying a home in Norway.

Determine your budget

Before you start looking, determine the maximum budget you want to spend on your vacation home in Norway. Take additional costs into account. Think of any inventory, but also taxes and costs related to your purchase.

If you want to finance part of it, a meeting with a bank can be enlightening to see how you can complete the financial picture. Keep in mind that getting financing in Norway works a little differently than in the Netherlands.

House hunting in Norway

At the Second Home Fair there are always a number of sellers with vacation homes in Norway. Brokers who can generally help you with your first step towards a vacation home in Norway.

Don’t feel like or don’t have time to visit a fair? Then check out this website or the Norwegian website finn.no. Here you will find an extensive selection of real estate throughout Norway.

The housing offer is diverse: from cozy apartments to stately vacation villas. You immediately get an idea of how much you really get for your money outside the big cities.

Ask for a valuation report

Have you found a potential house you want to buy in Norway? Then be sure to ask for the appraisal report. This report will give you insight into the value of the vacation home.

Useful terms to know are “lånetakst” (the mortgage value), “verditakst” (the appraisal value) and “prisantydning” (the asking price). Sometimes the asking price is lower to provoke a bidding war, so know your strategy.

Viewings and building inspection

Buying a house in Norway is not difficult but it is still a big step. There is often a lot of money involved, so take your time. Feel free to ask for a second viewing with a structural engineer.

Even in cool Norway, buying without looking is not a good idea. Don’t let the seller rush you and always be thorough. Check for things like moisture damage, the electrical system and insulation.

Bidding and negotiating

If you have decided to buy a particular house then it is time to make an offer. In Norway, bidding is often fast and electronic. Make sure you can be reached and set a limit. Some homes go to the highest bidder through an open bidding process, be prepared for this.

Contract and transfer

Once your bid is accepted and the deal is complete, you will need a contract confirming your purchase. We recommend doing this with someone who knows the business. This can be a Dutch real estate agent with a lot of experience in Norway, but also a local real estate agent or a lawyer.

Fire safety

In Norway, fire extinguishers and smoke detectors are a must in every home. Double check that these are present for your safety.

Buying a house in Norway? Visit the Second Home Fair!

Got excited and can’t wait to take further steps? Then be sure to visit the Second Home Fair. As mentioned earlier in this article, you can talk directly to a real estate agent with Norwegian real estate.

In addition, there is always a lecture where you can learn all about buying a home in Norway in 25 minutes. Have fun and good luck on this adventure!