Sarah Nicholson
2 minute read
19 Nov 2019
4:24 pm

Factor in a number of costs once you’ve bought your dream home

Sarah Nicholson

It is currently a property buyers’ market – but it’s essential to do your homework first so that buying your dream home doesn’t turn into a financial nightmare.

Image: iStock

The stagnant economy, slightly lower prime lending rate and increased number of properties for sale in numerous locations are encouraging some potential buyers, who might have been sitting on the fence, to seriously explore the market. Before signing on the dotted line, however, it’s important to inform yourself about the hidden expenses that come with buying a property. Be aware that after you’ve paid your deposit and closing costs, there are other, regular bills that arrive along with the house keys. Take all these into account before your purchase, so that you can settle into your new nest without nasty...