Property Fun: 5 Hidden Costs of Buying a House You Didn’t Expect

Everyone knows buying a house is expensive — down payment, monthly loan, stamp duty. But the hidden costs? Those can sneak up on you like Friday traffic on Federal Highway.

Let’s break it down so you don’t kena surprise:

1 Renovation & Furnishing 

That bare unit you bought? Walls, tiles, maybe a kitchen sink if you’re lucky. The rest — lighting, furniture, built-ins — that’s on you.

Tip: Budget at least 10–20% of your property price for reno + furniture.

2 Maintenance Fees & Sinking Fund

If you’re buying a condo, monthly maintenance isn’t optional. Plus, the “sinking fund” (like an emergency fund for the whole building).

Tip: Always ask the sales agent how much the monthly fee is before signing.

3 Legal & Loan Fees

Lawyers don’t work for free (sadly). SPA & loan agreement fees, stamp duties, valuation fees — all add up.

Tip: Factor in around 3–5% of your property price.

4 Moving Costs

Truck rental, movers, maybe even extra leave from work. Don’t underestimate how much shifting a fridge can cost (or your back pain).

Tip: Ask friends to help… but at least belanja them makan!

5 Utility Deposits

When you apply for TNB, Syabas, Indah Water, etc., you’ll need to pay deposits. Not huge, but still a few hundred each.

Tip: Keep RM1k–2k aside for this.

Takeaway