Estatimate is a property tool developed by estateace to compute the total cost of owning a home including Purchase Price, Maintenance Fees, Infrastructure Charges, Membership Fees, Tax, Registration charges, Stamp Duty and other Add-On costs that goes in owning the property.
A homebuyer is often intimidated and shocked to learn that Cost of homeownership adds up with additional components and hidden costs than just Purchase Price. These extra hidden costs are often stressful part about owning a home. To help home buyers prepare , estateace identified some common expenses that a home owner should budget in determining the actual cost of owning a home. Getting to know costs upfront and after you own including the Purchase price and Add-On costs can help Plan better and make smart decision for buying a home.
Estatimate is computed using Listing information, User and Marketing team data collected for properties listed on estateace.com. Estatimate price points for properties and its accuracy depends on Builder, Location and availability of property data that is with estateace.com. We try to be our best to be accurate in predicting the final cost a home buyer will likely pay for a property.
Estatimate cost varies depending on Location, Builder and can even vary from builder to builder with in the same locality. Data presented on the website for a property estimate using estatimate price can be outdated sometimes due to the fact that property has been sold or not updated by Builder more recently it is up to the home buyer to check the accuracy of the estatimate price for the listed property with the builder.
Base (Purchase) Price
Legal Fees (Stamp Duty, Registration)
PLC costs, EDC/IDC charges and many factors to derive the approximate cost of buying a home.
Home Buyers who are highly interested and like to Overlook the total cost of a apartment can use this estatimate price as a heads up for narrowing your home choices and your financial options.
PLC (Preferred Location Charge) – Buyers will be charged extra by the Builder for an Apartment or flat that has a better location with in the complex or Layout.
PLC cost is included in this estatimate pricing, if not opting for PLC, your Total Cost will be less.
Service Tax can be levied for an Under Construction property only on the Construction Service provided by Builder, for calculation purpose 25 % of total purchase price is consider as the construction cost and thereby Service tax applied in estatimate pricing.
Registration Charges is considered as 1 % and Stamp Duty as 5.5 % of the total market price quoted by Builder in the pricing of estimates, But actual Government price for location will be dependent on Guidance Value so it can be lower or even higher. Accordingly your estimates for final cost will differ.
All the Costs including Car parking, Generator, Legal, Maintenance, Home Insurance, Club membership and others is dependent on Builder decision to charge the buyers.
Estatimate gives a good starting point in determining the actual cost of owning a home, we strive improve the product much better in coming days so that its useful for all home buyers.
Please send us your feedback about this product to firstname.lastname@example.org, we appreciate your valuable feedback and comments.