Possible Extra Costs After You Move In

Maintenance costs
You may want to start a separate maintenance fund — particularly if you're buying an older home — by setting aside $500 – $1,000 and adding to it regularly. This reserve can be used to cover the costs of anticipated or unexpected repairs or replacement of such things as the roof or appliances.

Renovation costs
You may find a "fixer-upper" — an inexpensive home in need of repair. One general rule is that renovation always takes longer than, and costs more than, you think.

How Much Can You Afford?

The shortest and best answer to that question is: it depends — on a number of factors. The most important are your gross household income, your down payment and the mortgage interest rate. Lenders also consider your assets and liabilities. Your own lifestyle and debt comfort zone also come into play.

If you understand these variables, you can examine all your options. You can make the best choice for you and even save money.

Calculate now.

For all you Mississauga Real Estate needs contact Martin Zielinski today.