Buying a property is more than just a deposit. It's vital to prep for additional costs, roughly around 10% on top of the home's price. There's stamp duty on the property and mortgage, mortgage insurance if it's above 80% of the property's value, application fees for setting up the loan, inspections (pest, building, etc.), contract examination, conveyancing, insurance, relocation, and repair costs.
Moreover, you've got to factor in structural checks, ensure compliance with local modifications, watch out for pests, and consider valuations. These steps can get pricey, especially when you're eyeing multiple properties. But being aware of these expenses and seeking professional guidance by a Property Management Agency in Harrisdale can help streamline the process and save money in the long run.