Property Purchase Cost Planner

Property Purchase Cost Planner. Estimate the total cost of buying a property by adding the purchase price and other expected buying expenses.. The price advertised for a property is not always the full amount you may need to budget. Depending on the property and location, buyers may also face transfer charges, registration costs, legal fees, agent fees, renovation expenses and other costs. The Prozameen Property Purchase Cost Planner brings those figures together so you can estimate the total amount involved in purchasing a property. Click here to check Prozameen First-Time Home Buyer Checklist How to Use the Tool Enter the property price and any additional costs that apply to your situation. You can include: Property Price Transfer Fees Legal Fees Agent Fees Registration Fees Renovation Costs Other Costs If a particular cost does not apply, simply enter 0. The tool will add the amounts together and show your estimated total property purchase cost. Why Look Beyond the Property Price? A property may be advertised for a certain amount, but completing the purchase can involve additional expenses. For example, two properties with the same purchase price may have different total costs because of registration charges, legal work, renovation requirements or other transaction expenses. Planning for these costs can give you a clearer picture of the amount you may need. What Should I Include? Property Price Enter the agreed or expected purchase price of the property. Transfer Fees Enter any property transfer charges that may apply. Legal Fees Include estimated legal, conveyancing or documentation costs where applicable. Agent Fees Enter any real-estate agent or brokerage fees that you expect to pay. Registration Fees Include estimated property registration or administrative charges. Renovation Costs Enter any initial renovation, repair or improvement costs you expect after purchasing the property. Other Costs Use this field for relevant costs that are not covered by the other categories. After estimating total purchase costs, use the Down Payment Calculator and Mortgage / EMI Calculator to understand how much cash and financing may be required. Important Information Property-purchase costs vary considerably by country, city, property type and transaction. Some charges may be calculated as percentages rather than fixed amounts. For this tool, convert those charges into their estimated monetary amount before entering them. The tool does not automatically calculate local taxes, government charges or country-specific transaction fees. Results are estimates based on the information entered.