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
