Budgeting Beyond the Price Tag: What to Consider
Price is just the beginning. To make an informed decision, you need to account for the additional costs that could significantly impact your financial plans. Some expenses are obvious, while others may come as a surprise.
For residential properties, consider costs such as renovations, utility bills, property taxes, insurance, and maintenance fees. These additional expenses can influence your long-term costs and should be included in your budget.
For commercial real estate, it's important to factor in not only the purchase or rental price but also property taxes, utilities, insurance, and building maintenance. Investing in commercial property requires careful planning, as even small changes in expenses can impact the profitability of your business.
Contact Us