Step 9 - Get the keys
You are now a homeowner
The day arrives. At the time agreed for closing, the seller or their solicitor will hand over the keys and you can move in. Now begins the work of making your property a home.
Make sure you have budgeted for monthly outgoing costs. Keep all of your mortgage repayments and household related expenses on track. Additional costs on top of your mortgage repayment may include:
- Home insurance
- Mortgage protection/life insurance
- Local property taxes
- Management/service fees
- Residents’ Association Fees
- Sinking Fund Contributions
- Waste collection charges
- Utility or telecommunications set-up charges and monthly bills
- Parking permits
Use our budgeting excel to help you keep track of your expenses.
