Jakarta, CNBC Indonesia –Buying a house can be a big step in life, but sometimes there are expenses after the purchase that often escape our attention. Ignoring this can result in running out of savings in the future.
It is important to anticipate these post-purchase expenses from the start, either before the home ownership credit (KPR) contract process or before occupying the house. These expenses include things beyond the mortgage payment, and here's what to pay attention to:
Minor Renovations
After occupying a new house, several construction problems may arise such as ceiling leaks during rain or other minor damage. Usually, developers provide a guarantee for repairs within a certain time.
Take advantage of this guarantee while checking every part of the house carefully. Prepare funds of around 5% of the total house price as anticipation.
Shop for Furniture
Spending on furniture and electronic devices can reach 30% of the total home price. You can pay off the purchase of furniture in installments during the house construction process or beforehand. Buying used furniture can also be an option to save costs, but make sure to choose carefully to get quality items.
Home Operations
Electricity, water and internet costs are home operational components that need to be taken into account. Electricity and water use must be monitored properly because both are prone to increases.
Land and Building Tax (PBB)
Like cars, houses also have their own taxes which are usually called Land and Building Tax (PBB). PBB is an annual expense that must be prepared for, such as property insurance payments.
Residential Environment Expenditures
This fee usually takes the form of a contribution to the RT to maintain the cleanliness and safety of the living environment. The amount of this fee varies depending on location and local RT policies, and can increase every few periods.
Anticipating and preparing funds for these expenses early on will help reduce future financial stress after purchasing a home.
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