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Budget in start–up costs when buying a home
Just found your dream home and are getting ready to move in? You’ve been approved for your mortgage and are happy with your monthly payments? What about notary fees, transfer fees, moving expenses and mail forwarding? These are only some of the expenses you have to factor in when purchasing a home.
On average, start-up costs to be incurred over the first months following the purchase of a home amount to approximately 3 to 5% of the property value. So, you'll want to budget them in to avoid any unpleasant surprises that could put a financial burden on you. Luckily, Desjardins has a tool that can help you estimate and remember your start-up costs.
