ADDITIONAL COSTS OF BUYING

HOME INSPECTION
A home inspection is strongly recommended for most residential properties and will usually be a condition of the offer. Your Broker or Sales Representative can assist you in choosing your home inspector. This ranges from $350 - $500 depending on the size and value of the property.

TERMITE INSPECTION
You may wish to hire a termite inspector as well as a home inspector if you are buying in an area of the city where termites are known to be a problem. This could add $200 - $300 to the cost of your inspection.

APPRAISAL FEES
When you apply for a mortgage, the lender will want to see an appraisal on the property to ensure that the price you are paying falls within the accepted range of value for that type of property and that area of the city. The fee for this is usally between $250 - $350. 

LAND SURVEY
When you make an offer on a freehold property you will usually ask the Seller to provide a copy of the survey for the property. The purpose of this survey is to show the boundaries as well as  the footprint of the building on the site. If there is no survey availalbe, you may wish to hire a surveyor to prepare one at a cost of approximately $1,000 to $2,000. 

TITLE INSURANCE
Title insurance provides insurance against the future costs of remedying most problems with the title on your property. Ask your Broker or Sales Representative to explain the benefits and cost of this service. 

LAND TRANSFER TAX
See the Completing the Sale and Calculators tabs.