Essential Expenses to Prepare for After Buying a Home
Our clients often ask this question “What expenses should I expect after purchasing a luxury pool villa in Krabi?”
When purchasing a house, there are several expenses you should be prepared for beyond the initial cost of the property. Here’s a list of some important expenses to consider:
1. Land and Building Taxes
After purchasing, you’ll need to pay annual property taxes. These are typically based on the value of your property and vary by location. Be sure to check with local authorities to estimate these costs.
For Krabi such as Ao Nang, Nong Thale etc., you usually receive a letter from the local department around the first quarter of the year.
2. Homeowners Insurance
Protecting your investment is crucial, so you’ll need homeowners insurance. This covers damages from fire, theft, and certain natural disasters. When you use a property for rental, your lender may require this coverage, and premiums can vary depending on the property location and size.
At Canaan Villas, our team is well-versed in this and can suggest the best insurance plan for you—just contact us for assistance.
3. Utilities
Ongoing utility costs such as water, electricity, and internet services are essential. The amount will depend on your consumption.
4. Maintenance
Owning a home comes with the responsibility of maintaining it.
For pool villas with large gardens, such as our Canaan Luxury Pool Villas in Krabi, two key maintenance tasks are garden cleaning and pool cleaning. We can recommend trusted services to help you maintain your property.
5. Common Fees
In many communities, homeowners pay monthly or annual common fees for shared amenities and maintenance.
However, all Canaan Villas luxury projects currently have no common fees, ensuring fewer ongoing costs for you.
6. Mortgage Payments and Interest
If you finance your home, your mortgage payments will include both the principal and interest. Make sure you’re aware of any variable rates or balloon payments that may increase costs over time.
7. Furnishing and Decoration
Decorating and furnishing your new home can add up quickly. Whether it’s essential furniture or adding personal touches, be prepared for these expenses, which can range from minimal to significant, depending on your preferences.
At Canaan Villas, all our luxury pool villas come fully furnished. Offering a unique blend of niche luxury and the tropical allure of Krabi. As a Krabi local developer, we not only choose prime locations but also ensure exceptional quality in every detail. Each villa is fully furnished, reflecting the distinctive style of Canaan, so you can be proud of your new home.
8. Legal
There may be legal fees for the transfer of property ownership.
At Canaan Villas, we provide free legal services for all our luxury pool villa sales in Krabi, using standard and necessary agreements to make the process seamless.
_______
By planning ahead and budgeting for these ongoing costs, you can enjoy your new home without financial surprises! Contact us today for more information about purchasing Canaan Luxury Pool Villas in Krabi—where worry-free luxury meets tropical living!
Canaan Villas Team
Welcome to Krabi, and we hope you find the perfect place that suits you!
