rule of thumb is to budget 2% of the home cost towards closing. That should give some room for last minute expenses and curtains
.
Cliff
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| Author: | Matt [ Fri May 04, 2007 6:45 am ] |
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budget 10K. What you get back use for curtains..... If you do not have to pay land transfer tax for first time home buyer, budget 8k. Matt |
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| Author: | Ian and Franca [ Fri May 04, 2007 7:07 am ] |
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What about for a town? Would it be the same? |
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| Author: | Matt [ Fri May 04, 2007 7:27 am ] |
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for 330K i budgetef 10K, I think it was closer to 7K Matt |
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| Author: | themasons [ Fri May 04, 2007 9:12 am ] |
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for our albion bay purchase (46' lot ~2100 sqft) here were our final numbers for closing costs:
land transfer tax $4,117.62 (you will pay less if it is your first house purchased) Hydro hook up $415.16 water hook up $401.25 trees $374.50 Ontario New Home Warrenty Fee $684.00 paving $535.00 ------------ $7,578.53 hope this helps! Bernadette |
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| Author: | woodclan [ Fri May 04, 2007 10:30 am ] |
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Our Main St. Town came to right around $4,800.00. We saved $2,000. on the land transfer tax as first time home buyers. |
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| Author: | funkeemunkee [ Fri May 04, 2007 12:53 pm ] |
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wow! i thought it'd be more like 3-4K... is it cheaper for a townhouse? |
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| Author: | Matt [ Fri May 04, 2007 12:59 pm ] |
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funkeemunkee wrote: wow! i thought it'd be more like 3-4K... is it cheaper for a townhouse?
what you live in has nothing to do with it, it is the assesed value or in this case the purchase price of your home, semi, detatched, link whatever Matt |
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| Author: | funkeemunkee [ Fri May 04, 2007 2:04 pm ] |
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oh ok... thanks... i think i'm gonna look over the papers they gave me when we bought. i think they gave an approx amount. |
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| Author: | themasons [ Fri May 04, 2007 2:17 pm ] |
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funkeemunkee wrote: wow! i thought it'd be more like 3-4K... is it cheaper for a townhouse?
the only one of those numbers that will come down depending on the size / value of your home is the land transfer tax. it's based on the value and, like woodclan mentioned, if it's your first home you will get $2000 off. the paving should be less for a single driveway too.. but i'm not sure if it's half or not. |
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| Author: | CliffB [ Fri May 04, 2007 2:20 pm ] |
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rule of thumb is to budget 2% of the home cost towards closing. That should give some room for last minute expenses and curtains .
Cliff |
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| Author: | Steve Heath [ Fri May 04, 2007 7:32 pm ] |
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When we just bought they mentioned that with phase 2 escarpment the paving is included, if you check the sheet that lists all the things that come with it (the one that breaks it up by room) it should say on there if that's the case. Steve. |
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