Hidden Costs When Buying an Apartment in Batumi: The Real Budget Beyond the Price
Stage 1. At the Time of Purchase
Registration of ownership and processing of documents.
Legal support, if you use the services of a lawyer.
Agency commission. With us, it's 0% for the buyer; other agencies have different terms, so ask in advance.
Property valuation, if needed, for example for a residence permit.
Bank and currency conversion fees when transferring money from abroad.
Stage 2. Preparing the Apartment
The biggest "extra" expense. It depends on what you're buying:
Black frame: needs a full renovation.
White frame: needs finishing work.
Green frame: closer to move-in ready, but will need furniture and appliances.
Turnkey: the simplest option, but the price per square meter is higher.
A closer look: which finish to choose.
Add furniture, appliances, textiles, and kitchenware if you plan to rent it out.
Stage 3. Annual Maintenance
Utility payments and building maintenance. Property tax and rental income tax.
A management company, if you don't live in Georgia. Ongoing repairs and furniture updates.
Vacancy periods without tenants.
More details on taxes: property taxes in Georgia.
How to Build a Budget
1. Take the apartment price.
2. Add registration and support costs.
3. Add finishing and furnishing costs.
4. Set aside a reserve for unexpected expenses.
5. Calculate the annual maintenance costs and subtract them from the expected income.
Checklist of Questions for the Developer
What's included in the price: finishing, furniture, meters, parking? How much does building maintenance cost per month?
Are there additional fees when renting out the property?
FAQ
Do I need to pay an agency commission when buying from a developer? At apb.ge, the buyer's commission is 0%.
How much should I budget for renovation? It depends on the size and level of finishing. Request an estimate before purchasing.
Get a Turnkey Estimate
We'll help you calculate the full budget: purchase, finishing, furniture, and maintenance. Submit a request.
