Additional Costs to Consider When Buying a Home
Posted by Greg Dewar on
If you are preparing to buy your first home, there are additional pre-closing, closing, and post-closing costs above the down payment that you may need to include in your budget. At Dewar Realty, we can help you through the home buying process so you don’t get hit with unexpected fees. Check out our guide below.
Pre-Closing Costs
Home Inspection
While this isn't mandatory, a home inspection can help you avoid potentially expensive problems later. A home inspection is a visual examination by a certified home inspector of a home's major structure and systems. A home inspection report identifies necessary repairs or improvements, when they should be done, and the approximate cost involved. The cost of a home inspection depends on the age, location…
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When I talk to millennials (those born between 1980 and 2000) their number one concern when it comes to property ownership is affordability. To be fair, they have a lot of legitimate financial challenges ahead. A volatile labour market, high demand for real estate, and rising property prices in major urban centres combine to make it difficult for this new generation to buy a house at an early age. However, a willingness to compromise on location, strong financial prudence, and knowing what they want in a home can go a long way towards helping millennials purchase the perfect house for them.