Many buyers of townhouses focus only on the price tag and forget there are other costs that come with the purchase. These extra costs can add up quickly if you’re not prepared. Knowing about them ahead of time can help you plan better and avoid stress later.
Let’s take a look at the common hidden costs of buying a townhouse for sale in Dubai and how to manage them wisely.
Owners Association (OAs) Fees
Most townhouses are part of a community that has shared spaces like gardens, parking, or a pool. To keep these areas clean and working, owners must pay monthly or yearly fees to the homeowner’s association. These fees can vary depending on the size of the property and the services provided. Always ask about this cost before buying, as it will become a regular part of your monthly expenses.
Property Taxes
Property tax is another cost that surprises many new homeowners. This tax depends on the location and value of the townhouse. It is usually paid once or twice a year, and the amount can increase over time. It’s smart to ask how much the current owner pays so you can plan for it in your budget.
Maintenance and Repairs
Even if your townhouse looks perfect now, repairs will come up. This could be anything from fixing a broken appliance to repainting walls or dealing with a leaky roof. Some repairs may be covered by the OA, but others will be your responsibility. It’s a good idea to set aside money each month for these unexpected costs.
Moving Expenses
People often forget to add moving costs into their budget. This includes hiring a moving company, buying packing supplies, or even taking time off work. These costs may not seem big, but they can add up quickly, especially during a busy move.
Legal and Closing Fees
When buying a townhouse, you’ll need to pay fees for things like legal paperwork, home inspections, and registration. These are usually paid at the time of closing and can catch you off guard if you haven’t planned for them.
Buying a townhouse comes with more than just the sale price. By knowing the hidden costs and setting some money aside, you’ll be better prepared and more comfortable with your purchase. Careful budgeting makes the whole process smoother and helps you enjoy your new home without unwanted surprises.
