Your budget should go beyond the purchase price
A buyer who spends every dollar on the purchase price may struggle with transfer costs, repairs, rates, service reconnection, security upgrades, and moving expenses. Build a transaction budget before making the offer.
| Cost area | Examples |
|---|---|
| Transaction costs | Legal fees, transfer fees, agency commission allocation, bank charges, valuation, and registration costs. |
| Property debts | Rates, water, levies, association fees, penalties, and service arrears. |
| Occupation costs | Rent before transfer, insurance, utilities, security, and caretaker costs. |
| Immediate repairs | Leaks, locks, electrical issues, plumbing, roof, paint, broken fittings, and cleaning. |
| Resilience upgrades | Water tank, pump, solar, inverter, batteries, lighting, alarm, and boundary improvements. |
Author
HouseLink Editorial Team
Property resources team
Practical property guidance from the HouseLink Zimbabwe team.
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