Amounts with a strikethrough are payments that I've already made.
Starting Balance | $36,817 |
Remainder of Condo Deposit* | |
Remainder of Condo Down payment | $9,645 |
Estimated Purchasing Legal Fees | $1,300 |
Estimated Purchasing Disbursements | $1,100 |
Estimated Land Transfer Tax | $1,639 |
Estimated HST (On CMHC Fees) | $461 |
Estimated Utilities Setup Fees | $250 |
Legal Fees – Title Search Fee | |
Condo Upgrade** | |
Emergency Fund | $2,500 |
Travel Fund | $500 |
Kenya Trip – Vaccinations | |
Furniture/Home Decor | |
Vehicle | |
Vehicle Registration/Taxes | |
Winter Tires | |
Vehicle Tune-Up | $150 |
Bank Fees/Certified Cheque Fees | $20 |
Just-in-case | $546 |
* I’ve already paid a $2,500 deposit to the builder – it is a new condo and a tiered payment structure has been established.
** I opted to upgrade only one item separately (although about 8 others I’d have loved to....top of my list was travertine tiles instead of the standard porcelaine, but I wasn't willing to spend the $750 on top of the upgrade I selected) – I selected to have the microwave mounted above the stove instead of having it sit on the counter.
Have you ever purchased a new home and got sucked in by the upgrades available??
I've never bought a home in general, but my friend bought a new townhome and definitely got sucked in to all of the upgrades. They thought they wouldn't fall for it but they got custom flooring, tile, appliances, and window treatments. To be honest, I probably would too!
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