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8 expenses to budget for before you buy a home

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An outline of the eight major additional expenses - on top of your deposit - that you'll need to budget for.

A dream home comes with a list of costs that do not have to be a nightmare if you budget for them.
Sometimes these can amount to around 10% of the value of your desired property. That means they actually eat up the entire value of an average deposit. That’s a sobering thought and sometimes it does feel like someone always has a hand in your pocket.

Some costs, such as stamp duty, are unavoidable. Do not take short-cuts with other expenses, such using legal advice and undertaking a building inspection, as mistakes in these areas can cost you far more in the long run.

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