7 Hidden Costs to Budget for When Buying Property
The property price is only one part of your budget. Here are common additional costs buyers should investigate before committing.
Taxes and Registration
Understand applicable government taxes, stamp duty and registration charges for your transaction.
Parking and Other Charges
Clarify whether parking, club membership or other facilities carry separate charges.
Maintenance and Deposits
Ask about maintenance advances, sinking funds, common-area charges and expected recurring costs.
Interiors and Moving
Budget for furnishing, appliances, modifications and relocation. These costs can be significant for a new home.
Financing Costs
Include processing fees, insurance where applicable and other loan-related charges. Request a complete written estimate before signing.
