The Hidden Cost That Your Builder Never Tells You

1. Own A Space The Hidden Cost That Your Builder Never Tells You Home ownership is quite exhilarating! However, it has its own pros and cons. As a homeowner, you should know everything before paying the full amount to the builder. Because there are many things that a homebuilder never reveals and you may feel cheated afterwards. That is why it makes sense to clarify minor details before buying a home. Let us discuss some hidden costs that your builder never tells you – •Maintenance Cost –There are many things that a homebuilder cannot tell you while selling a home to you, such as cost of chimney repair, sudden falling of roof or malfunctioning of the plumbing system (plumbing leaks). Hence, you should mentally prepare for all such maintenance costs because they may put pressure on your pocket. According to some expert, unexpected maintenance cost is often very high and put a homeowner in trouble. •Cleaning – There is a lot of difference in cleaning an apartment and a big house. You will not only need multiple vacuum cleaners, but also a wide range of equipment (cleaning supplies) and products. Of course, it takes times, energy and efforts. Indeed, the overall cost would be very high. Hence, you should never underestimate the cost of house cleaning. •Air-Conditioning –Many people believe that air-conditioning never fails, which is a wrong notion. Indeed, they may fail at any point of time without any warning. And you will be surprised to know that minor repair and replacement of any element may cost a lot. Means, you should never ignore such costs. •Wiring and cabling - Wiring and cabling are often unexpected and cost a lot. It might include wrong or faulty wiring. Even for small wiring fault or accident, you need to call a professional electrician who can fix all the issues. “Do not think because an accident hasn’t happened to you that it can’t happen.” That is why it is advisable to hire a property inspector before buying a home who can tell you every possible fault. •Safety – Of course, we cannot ignore safety. You should always go an extra mile to fix the most advanced alarm, camera and lighting system to secure your dream home. And for that, you need to incur extra money. “Safety isn’t expensive, it’s priceless.” – Author Unknown

2. Own A Space Hence, always be prepared! As a good rule of thumb, save as much as you can. Today, most property developers let you know various aspects as well as hidden costs, but it is your responsibility to understand the hidden cost of house ownership. Modern real estate developers of Dubai not only help homebuyers in choosing the right home, but also let them know the total cost involved.