Manage Cashflow
As you can imagine, purchasing a property involves a number of moving parts, and a number of associated expenses and additional costs. All of these need to be taken into consideration when planning to purchase a property. The figures below will give you an idea of where you currently stand and what will be required to get the purchase over the line.
Purchasing Costs
Like anything in life, there are costs involved in purchasing a property. The percentage that you allocate for purchasing costs will determine what additional cash will be required to complete the purchase.
Totals
The total "Legal Costs" give you the expenses involved in purchasing your property. Based on your nominated percentage of purchasing costs, the surplus/deficit below shows any additional funds required.
Fees
Understanding the various fees involved in purchasing a property is essential. Accurately estimating these costs will help you manage your budget and ensure a smooth property purchase process.
Estimates
Estimating additional costs is crucial for a comprehensive financial plan. This gives you a clearer understanding of the total expenses and helps you prepare for your property investment.