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Additional Costs to Monthly Mortgage when buy a house or apartment?

  • 04-03-2020 09:23PM
    #1
    0gac3yjefb5sv7
    Closed Accounts Posts: 3,947 ✭✭✭


    Hey there,

    Currently paying rent and bills.

    Looking to see how much more expensive home ownership would be on a monthly basis.

    House Insurance 20
    Contents Insurance 20
    Bins 20
    Life Assurance 20
    Maintenance 100
    Electricity and Gas 100
    Property Tax ?
    Mgmt fees apartment 150/200.

    These are just heavily ballpark but please correct or add any I missed!


Comments

  • #2
    Noddy33
    Registered Users, Registered Users 2 Posts: 217 ✭✭Noddy33


    Pheonix10 wrote: »
    Hey there,

    Currently paying rent and bills.

    Looking to see how much more expensive home ownership would be on a monthly basis.

    House Insurance 20
    Contents Insurance 20
    Bins 20
    Life Assurance 20
    Maintenance 100
    Electricity and Gas 100
    Property Tax ?
    Mgmt fees apartment 150/200.

    These are just heavily ballpark but please correct or add any I missed!

    Say you are not far off with your estimates there. The only other utility bill you might want to include would be your Wifi and TV subscription. These vary depending on what level of service you want but a good approximate figure would be €70 for a combination Wifi and Tv package .

    The property tax varies depending on estimated value of house and local council jurisdiction of the house but I would think €200 per annum a fair value to estimate here. Some apartment complexes charge a management fee between €2k to €2.5k per annum and while apartment living and costs can make great sense for first time buyers........it was always the main reason why I stayed away from considering purchasing one


  • #3
    Cuddlesworth
    Registered Users, Registered Users 2 Posts: 14,010 ✭✭✭✭Cuddlesworth


    100 a month might not really cover maintenance, depending on the age of the house.


  • #4
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 6,707 ✭✭✭Claw Hammer


    Another overhead you should look at is the cost of furniture and appliances and repair and replacement of them from time to time. Appliances like washing machines have to be replaced every few years.


  • #5
    overkill602
    Registered Users, Registered Users 2 Posts: 267 ✭✭overkill602


    In My building:
    Wifi and tv
    Heating
    Maintenance
    household and green waste
    gardening
    cleaning communal areas
    no property tax

    All free...


  • #6
    listermint
    Registered Users, Registered Users 2 Posts: 34,210 ✭✭✭✭listermint


    overkill602 wrote: »
    In My building:
    Wifi and tv
    Heating
    Maintenance
    household and green waste
    gardening
    cleaning communal areas
    no property tax

    All free...



    There is nothing for free.


    Nothing!


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  • #7
    apt2view
    Registered Users, Registered Users 2 Posts: 25 ✭apt2view


    I asked a similar question. Why is management charge so high in Dublin South area Sandyford? €2500 to €3200.

    I rent here for 2500 a month. So it looks rent is cheap?


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