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Creating a Realistic New Condo Budget

Friday, March 9, 2018   /   by Ruth Ballantyne

Creating a Realistic New Condo Budget



Creating a Realistic New Condo Budget.

You’re probably aware that there’s more to the cost of a new condo than its purchase price. So to help you make an informed decision based on all of the expected costs, ask yourself the following questions:

• How much do you expect to pay for moving expenses? Don’t forget to include packing materials in your calculations.

• “Closing costs” are the extra charges you will have to pay at closing. How much do you expect your closing costs to be?

• Estimate how much you’ll pay for activating your phone, internet service, cable television, and so forth, at your new condo. These little costs can add up.

• Will your new unit require painting, repairs, and other preparations once you move in? How much will they likely cost?

• Will you need to purchase new furnishings, decor, and other items for your new condo? What’s your budget for those items?

The more aware you are of the true costs of purchasing a condo, the better your decision making will be. And, if you decide to buy, you’ll be able to do so with much more confidence.

*Article Provided by Morris Marketing*






Ballantyne Professionals | RE/MAX Realty Services Inc.
Ruth Ballantyne
295 Queen Street E
Brampton, ON L6W 3R1
905-456-1000

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated February 28, 2021
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