🎉 Property Fun: 5 Hidden Costs of Buying a House You Didn’t Expect

Everyone knows buying a house is expensive — down payment, monthly loan, stamp duty. But the hidden costs? Those can sneak up on you like Friday traffic on Federal Highway. 🚗💨

Let’s break it down so you don’t kena surprise:

1️⃣ Renovation & Furnishing 🛋️

That bare unit you bought? Walls, tiles, maybe a kitchen sink if you’re lucky. The rest — lighting, furniture, built-ins — that’s on you.

💡 Tip: Budget at least 10–20% of your property price for reno + furniture.

2️⃣ Maintenance Fees & Sinking Fund 🏢

If you’re buying a condo, monthly maintenance isn’t optional. Plus, the “sinking fund” (like an emergency fund for the whole building).

💡 Tip: Always ask the sales agent how much the monthly fee is before signing.

3️⃣ Legal & Loan Fees 📑

Lawyers don’t work for free (sadly). SPA & loan agreement fees, stamp duties, valuation fees — all add up.

💡 Tip: Factor in around 3–5% of your property price.

4️⃣ Moving Costs 🚚

Truck rental, movers, maybe even extra leave from work. Don’t underestimate how much shifting a fridge can cost (or your back pain).

💡 Tip: Ask friends to help… but at least belanja them makan! 🍲

5️⃣ Utility Deposits 💡

When you apply for TNB, Syabas, Indah Water, etc., you’ll need to pay deposits. Not huge, but still a few hundred each.

💡 Tip: Keep RM1k–2k aside for this.

✨ Takeaway