Buying a new home is definitely an investment. It entails a lot of costs, and not just for the property itself. Before purchasing property, it is important to understand the additional expenses that need to be covered. While separately these may not be as substantial as the actual space, they do add up to a significant amount. Being aware of these is the first step to preparing yourself for this major step.
We at Vertical Living magazine advocate consumer awareness in buying property. As such, we encourage you to read up on the different costs such as stamp duty, deposits, insurance, and strata rates. Preparation is key for a smooth start to building your dream home!