Hidden Costs To Keep In Mind When Buying a Home
There may be potential upfront and ongoing costs that you aren't aware of. It's important to consider these to make a more informed decision when navigating home ownership.
Stay informed about these financial aspects as you contemplate your next move in the real estate market.
- Stamp Duty
- Lenders Mortgage Insurance
- Pest & building inspections or strata reports.
- Legal or conveyancing fees.
- Mortgage registration fees.
- Loan application fees, including independant valuers fees.
- Land tax
- Council rates
- Connecting and paying utility fees
- Home insurance
- Strata levies, if applicable
- Maintenance
Being aware of these costs helps ensure a comprehensive financial plan when buying and maintaining a home.