Real Estate Q & A: What are the associated costs of purchasing a home?

Real Estate Q & A: What are the associated costs of purchasing a home?

Purchasing a home involves one-time costs and monthly expenses. The largest one-time cost, of course, is the down payment. It usually represents between 5-25% of the total price of the property. Typical monthly costs incurred with homeownership are mortgage payments, maintenance, insurance, condo fees, property taxes, and utilities.

 

 

In addition to the actual purchase price, there are a number of other expenses that you might be expected to pay for. These are listed below:

 

 

 

 

Other costs may include; landscaping, redecorating, furnishing, and appliance repairs.

 

 

Chestnut Park Real Estate Ltd., Brokerage

 

This entry was posted on May 21, 2016 by Jim and Iris

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