AUTHOR: GAVIN LOMBERG
It’s not all about interest rates
WITH INTEREST rates at a multi-year low, now is an opportune time for first-time homebuyers to step into the property market.
However, when it comes time to budget, potential homebuyers are urged to account for several important—but often overlooked—costs.
While home loan pre-approval gives homebuyers a clear idea of what they can realistically afford, many still overlook the additional costs of home-ownership that can quickly add up. In addition to widely known expenses such as bond registration and transfer costs, this article highlights five expenses that one should be aware of (and prepare for) on the home-buying journey.
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