There are many facets to a home purchase that deserve adequate consideration, however for many financial comes to the forefront, if you are in that group here is a basic consideration to typical costs for a residential purchase:

Contact me for a free PDF outlining specific costs brandon@homeguy.org

If you have a property that is rural it may require more inspections to verify water and septic are up to snuff. Likewise any home with a wood burning heat source should consider a proper separate inspection to ensure your insurance doesn’t put a “damper” on it.

Often first time consumers for services such as cable, hydro, gas ect are required to put a deposit on their account used to ensure they have money upfront, so please take these into consideration as well, even though most of these are applied to your account after a year, they will cost upfront.

Resource Links:

http://www.rev.gov.on.ca/en/tax/ltt/rates.html

http://www.macnaughtonlaw.com/landtax.htm

For more tips check out my blog, or contact me directly Brandon@homeguy.org or 519.330.0942

Your real estate resource is HOMEGUY.org

The above is intended as general information only, and does not constitute legal advice. Be sure to check with the appropriate professional regarding your specific situation.

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