Wrapping up the homebuying process will involve some unexpected costs. You’ve committed to a new home, so what else will you be paying for? Here’s a brief overview:

Home inspection fee
Typically performed right before you commit to the sale, this can cost anywhere from $400 to $600. If you’re looking at a resale home, it’s a great safeguard for finding substantial issues with a property prior to the purchase.

Moving in
Do-it-yourself is the most economical option, but you may need to rent a truck or related equipment.

Renovations
Those small repairs and basic renovations can really add up. Assess how much you can afford and decide what projects can be held off to a later date.

GST
If you bought a newly constructed or substantially renovated home, you’ll have to pay GST on the sale (usually included in the purchase price). A resale home is exempt from this tax.

Property insurance
Your mortgage provider may require that you insure your home against fire, water and other potential property damage.

Land transfer tax
Usually based on the purchase price, this tax is often unanticipated by most first-time homebuyers.

Legal FEES
If you have a title search done, draft a title deed, or get your mortgage prepared by a lawyer or notary, these services should be factored into the cost of buying your home.

Utilities
You’ll get charged for having your utilities hooked up, and charges may vary from company to company.

Energy efficiency
Consider making your home energy efficient and environmentally friendly — it will cost you in the beginning, but save you money on your utility bills in the future.