6 ADDITIONAL COSTS IN A HOME PURCHASE

Property price is not the only cost involved in a home purchase. Additional expenses like closing costs and fees etc. should be paid to the lenders, brokers and local government bodies to complete the process of property transfer.

Below listed are 6 additional expenses apart from the property price in a property purchase.

1.    Brokerage – Fee for the broker or real estate agent or property consultant

2.    Property tax – Tax paid to the government according to the property type and configuration.

3.    Stamp duty – Duty paid for registering property documents

4.    Loan application fee – Fee for processing the bank loan application

5.    Administrative charges – One-time charges paid to the bank for legal verification of property

6.    Prepayment charges – Fee imposed by banks on loan prepayment

Ladder Kerala the top builders of luxurious flats in Calicut offering you quality living spaces with 4.99% home loan and 20 years of free maintenance at Ladder Mankav Greens, premium 3 BHK apartments in Calicut accommodating all the needs of a modern living space.  

To know more about Ladder Mankav Greens http://ladderkerala.com/ladder-mankav-greens/ 

Call us at +91 9400470022 for more information

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