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What other expenses do you have when buying a home?

 

 

Conveyancing

 

The transfer of property ownership from the seller’s name to the buyer’s name is called Conveyancing. This will cost approximately $800 to $1,500 depending on the state.

 

Building & Pest Inspection

 

A building inspection checks structural soundness. For a decent building inspection you should be ready to pay about $400. Pest inspection should cost you about $300.

 

 

Home Insurance

 

As soon as contract is signed property belongs to you, so don't forget to buy Home Insurance. You don't want to pay for a property which has burned down or damaged and unhabitable.

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