Account for every expense

When it comes to creating a realistic budget, you have to consider the additional costs that come with owning a home of your own.

First, there are the purchasing costs, such as legal and mortgage fees, and of course, you have to pay someone to move you.

Then first-timers usually require some furniture and white goods too.

And of course, there are the rates, insurances, repairs, and maintenance that you don’t have to worry about when you live with mum and dad or rent from your landlord.

And if your first home is in an apartment complex, there will be annual body corporate fees payable.

It all adds up so make sure your child is aware of these hidden extras.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out.

Jason Gwerder
Thursday, 21 September 2023

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