Depending on the age, location and condition of your home, here’s the top five home ownership costs to factor into your budget.
Preventing expensive problems starts with maintenance and committing to jobs like:
You could do some maintenance yourself, but if you’re time poor, getting help from professionals is cheaper than letting things slide.
Council rates are a fact of life for home owners. They’re based on the value of the land, not including the house. So, a beachside fixer-upper could have a higher rate bill than a new suburban home. Quarterly rates notices may also include levies and special charges applied by your Council.
Every drop of water costs money, but there are simple things you can do to keep your water bill down. Try:
Even though proper maintenance should help keep repairs to a minimum, they’ll be needed at some point. Some repairs will be covered by insurance, and some minor repairs you could take on yourself. But issues with plumbing or electrical items like hot water systems, ovens, air conditioners or dishwashers mean calling a tradesman.
As part of most home loans, you’ll need home insurance for the full cost of replacing your home. Look for a policy covering as many scenarios as possible, and make sure you understand the fine print and what isn’t covered.
We'll help you understand the costs of owning your own home and home loan choices. Contact QBANK or call us on 13 77 28.
At QBANK, we are pleased to share good news that may benefit our members, such as the announcement of the $25,000 HomeBuilder Grant, a great opportunity that could not only help you out, but also Australia's economy following the slowdown of recent months.
We are all looking for convenient ways to live our lives and complete our daily tasks from the comfort of our own home. Download the QBANK App today for 24 hour access to your accounts. The QBANK App allows you the freedom to bank on your terms anywhere, anytime.
QBANK encourages members to stay alert for COVID-19 scams as scammers take advantage of the current situation, people’s movements, moods and personal needs.