{"id":205,"date":"2007-10-01T20:13:47","date_gmt":"2007-10-02T02:13:47","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/2007\/10\/considering-start-up-costs\/"},"modified":"2019-03-11T22:49:23","modified_gmt":"2019-03-11T22:49:23","slug":"considering-start-up-costs","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/considering-start-up-costs\/","title":{"rendered":"Considering Start-Up Costs"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;16px|0px|54px|0px|false|false&#8221;][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;3.0.48&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_padding=&#8221;0|0px|27px|0px|false|false&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.0.47&#8243;][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;3.0.74&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;]<\/p>\n<p>Did you know that when you buy a property, you need to have money put aside to cover start-up cost? A down payment and mortgage payments are not the only costs involved so it\u2019s wise to plan some savings to take care of these other \u201cfirst\u201d expenses.<\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<p>Did you know that when you buy a property, you need to have money put aside to cover start-up cost s? A down payment and mortgage payments are not the only costs involved so it\u2019s wise to plan some savings to take care of these other \u201cfirst\u201d expenses.<\/p>\n<p>These costs should not be taken lightly and some mortgage lenders will even check that you have these funds available before granting you a loan. Mortgage loans are calculated based on the value of your home and, therefore, cannot be used to meet these additional amounts.<\/p>\n<p><b>Here is a list of common start-up costs:<\/b><\/p>\n<ul>\n<li>Property inspection and evaluation<\/li>\n<li>File processing fee for mortgage insurer as well as any taxes on the premium<\/li>\n<li>Notary fees<\/li>\n<li>Adjustment costs determined by the notary (electricity, heating, municipal and school taxes, equipment rental contract, oil, etc.)<\/li>\n<li>Property transfer tax (welcome tax)<\/li>\n<li>Moving expenses<\/li>\n<li>Service and utilities hook-up fees (phone, electricity, etc.)<\/li>\n<li>Decoration (paint, curtains, etc.) and renovations<\/li>\n<\/ul>\n<\/td>\n<td valign=\"top\">\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you know that when you buy a property, you need to have money put aside to cover start-up cost? A down payment and mortgage payments are not the only costs involved so it\u2019s wise to plan some savings to take care of these other \u201cfirst\u201d expenses. Did you know that when you buy a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"Did you know that when you buy a property, you need to have money put aside to cover start-up cost swift codes bank in United States? A down payment and mortgage payments are not the only costs involved so it\u2019s wise to plan some savings to take care of these other \u201cfirst\u201d expenses.\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>Did you know that when you buy a property, you need to have money put aside to cover start-up cost s? A down payment and mortgage payments are not the only costs involved so it\u2019s wise to plan some savings to take care of these other \u201cfirst\u201d expenses.\r\n\r\nThese costs should not be taken lightly and some mortgage lenders will even check that you have these funds available before granting you a loan. Mortgage loans are calculated based on the value of your home and, therefore, cannot be used to meet these additional amounts.\r\n\r\n<b>Here is a list of common start-up costs:<\/b>\r\n<ul>\r\n \t<li>Property inspection and evaluation<\/li>\r\n \t<li>File processing fee for mortgage insurer as well as any taxes on the premium<\/li>\r\n \t<li>Notary fees<\/li>\r\n \t<li>Adjustment costs determined by the notary (electricity, heating, municipal and school taxes, equipment rental contract, oil, etc.)<\/li>\r\n \t<li>Property transfer tax (welcome tax)<\/li>\r\n \t<li>Moving expenses<\/li>\r\n \t<li>Service and utilities hook-up fees (phone, electricity, etc.)<\/li>\r\n \t<li>Decoration (paint, curtains, etc.) and renovations<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td valign=\"top\"><!--adsense#160x600--><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<!-- BEGIN: Constant Contact HTML for Send Page to Friend -->\r\n<a href=\"http:\/\/ui.constantcontact.com\/sa\/fp.jsp?plat=i&p=f&m=jix8ysbab\"><u>Send Page To a Friend<\/u><\/a>\r\n<!-- END: Constant Contact HTML for Send Page to Friend -->\r\n\r\nI wrote this article because I love real estate. If you would you like me to work for you, call me <a href=\"tel:514-402-8444\">514-402-8444<\/a> or <a href=\"mailto:jenn@montreal-realestate.ca\"><u>EMAIL ME<\/u><\/a>!\r\n\r\n\u00a0","_et_gb_content_width":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[],"class_list":["post-205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-buying-selling","category-real-estate-investing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Considering Start-Up Costs - Montreal Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.montreal-realestate.ca\/english\/considering-start-up-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Considering Start-Up Costs - Montreal Real Estate\" \/>\n<meta property=\"og:description\" content=\"Did you know that when you buy a property, you need to have money put aside to cover start-up cost? 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