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
Owning a home involves several ongoing costs beyond the purchase price. New homeowners should budget for these key expenses to ensure financial stability.
Major costs include:
- Mortgage repayments and mandatory home insurance.
- Utilities like power, internet, and sometimes water.
- Annual council rates for local services, based on property value.
It is also crucial to set aside funds for regular maintenance and repairs to keep your property in top condition and protect your investment.
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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