Buying guide
Bills you have to pay when owning a house
You’ve done the hard part and bought property – these are the costs you’ll need to cover now that you own
AI summary
Beyond the purchase price, homeownership involves several key ongoing costs. New homeowners should budget for these essential bills for a smooth transition:
- Mortgage repayments
- Home insurance, a lender requirement
- Utilities like power and internet
- Council rates to fund local services
- Maintenance and repairs, estimated at 1% of your home's value annually
Properly planning for these expenses is crucial for financial stability as a homeowner.
Mortgage repayments (obviously)
Home insurance
Utilities
Get your wallet out, because owning a house isn't cheap!
Rates
Maintenance and repairs
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