What Are the Hidden Costs of Buying a Property?
When you’re buying a property, the costs you’ll be most interested in, and the ones you’ll know the most about, will be your down payment and your mortgage payments. However, there are many other costs that you’ll need to consider as well. If you ignore them, you might find yourself in a difficult situation, making owning a property less of an advantage and much more problematic. Read on to find out what some of those additional hidden costs might be.
Delays
Everything is set up and ready to go, but a delay comes along – it could be anything from an unexpected delay in funding to problems with the home inspection, for example. If this pushes the purchase of the property back, it could mean you have to incur additional costs, especially if you are selling your current home at the same ti...