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True cost of buying your first home

When you are buying the first home, you must always remember that the actual cost

of home varies with the expected cost. True cost of buying, in fact, involves more

additional amount than the expected one. Thus, while you are planning for the

residential properties in Jaipur or in any other city, always remember that you can

exceed the expected and thus be ready for the extra paying.

The true cost of the buying your first home involves several additional costs in the

form of bills like:

Agent fees (In some cases)

Getting the right property though an agent involves the paying of some money as

Agent fees. The agent fees should be considered by the buyers during the total

summing up of the payment required for buying the residential Flats in Jaipur.

Legal fees

The fees involved as the legal fees for the buying process, which can be due to the

consultation with the lawyers or because of such facilities.

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Stamp Duty

The stamp duty, as a considerable part affects the budget of the buyers of the

Residential Flats in Jaipur. It is the state government fees, which have to be given by

the buyers. It is the one off cost based on the pricing of the flats and approx. 2% fees

is charged by the government to the buyers.

Insurance

In case you are availing the loan facility, it requires that all the properties are covered

under the building insurance policy. The cost of this requires spending some amount

of money.

Parking space fees

The other fees as the Parking Space fees is just the other fees, which requires to be

paid by the buyers who possess any sort of vehicles especially in the case of four

wheelers. It is an optional fee.

Maintenance fees

The highly maintained Apartments, often charges an additional amount as the

maintenance fees by the buyers. It is one- time payment, which needs to be paid by

the buyers for maintenance of the various features and facilities available with the

residential Apartments in Jaipur.

Home loan Application fees (If any)

The loan requirement also requires some kind of requirement for the processing of the

loans.

Moving fees

While shifting from one place to other, the transportation fees is just other hidden

cost, which requires to be paid by the buyers.

Interior decoration fees

The interior decoration of a new home requires some kind of investment, when a

person moves into a new home.

And many more

These are the issues which are expected to exceed your budget.

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