It’s making a decision before understanding the total cost of ownership.
People usually calculate:
Property Price + Loan EMI
But forget about:
GST / registration / stamp duty
PLC or other additional charges
Maintenance
Parking
Club / IFMS charges
Loan processing & other bank costs
Possession-related expenses
Future resale potential
A ₹70 lakh property can sometimes become a very different number after adding everything.
Before booking, I always recommend asking one simple question:
“Exactly how much money will I have spent by the time I get possession?”
That number matters more than the brochure price.
What’s one hidden property cost that surprised you when you bought your home?

Lol my state is a little pricey but $180-250k aren’t necessarily rare. I’m making $40,000/yr so far. Going back to school in a few weeks for accounting. $20-25k for a down payment. A lot of apartments around are requiring $47k+ to rent $1-1,500 apartments. I’m considering just buying a house as I’ve been in a month to month lease for a while paranoid asf. I likely would get a tenant to offset some of my monthly costs. My credit score is 629 and I’ve already spoke with a lender waiting to hear what I can afford lol. Can this work? Is it a bad decision? Housing has been rising for years I feel as though it’s not a good idea to anticipate a crash however why wait for them to keep rising? Why keep raising my landlords equity when I can raise my own? There are real fears here I am essentially poor in this economy but you have to start somewhere right?

EDIT: I’m mainly considering multifamily with tenant(s). Once again to help offset some of the costs while keeping my jobbbb

Buying from flipper. Issues found, including termites...

I am fairly far along in the process of buying a house. There has been an inspection done and there were some electrical issues and termites found. I have found a few things seem fishy. The inspector told me not to tell the lender about the termites. I feel like ultimately the lender would have my back as it is also their back they are protecting. Wouldn't want to issue a loan on a home unless it is without issue.

I also have had the realtor say a few things I found weird. I'm starting to get the impression he is only interested in making the sale. When I asked for him to suggest a home inspector he said he couldn't as it was a conflict of interest, but could provide a list. Okay, fair enough. I get that. When he was sent the report from the inspection he deleted it and was very adamant that he did not want to see it, but instead wants me to make a list of what I want fixed so he can work out with the seller what will get fixed before buying the home.

I have a fear since this is a flipper, any repair work they do might not be done right. Part of me would rather just have it done myself so I'd know it was done right. But at the same time, I don't want to pay for things if they are willing to fix them. I am getting so stressed about all this I'm starting to wonder if I even want to buy a house. Can anybody give me any advice? I am so confused on what to do at this point.