Is IDR 472,700,000 enough cash to keep after buying a Jakarta apartment?

[SteadyCanvas]

We are close to deciding whether to proceed, and the difficult part is not the mortgage but how much cash we would lock away afterward. Once the deposit and estimated closing expenses are paid, about IDR 472,700,000 should remain.

That money would cover the move, essential furniture, service charges and any repairs needed soon after taking possession of the Jakarta apartment. It looks cared for, though hidden or delayed work is still possible. We can postpone furnishing spare rooms; rebuilding an emergency fund would take much longer. Would you set aside the emergency amount first and proceed only if the remaining cash covers the known handover bills? If costs or local requirements in Indonesia affect that calculation, I’d appreciate specifics.

 

[stone.round]

That sounds potentially reasonable, but the total alone is less useful than dividing it into separate pots. Keep the emergency fund untouched, then allow for moving, inspection findings, the first mortgage payment, service charges and an insurance excess before setting a furniture budget. Furniture is the easiest category to delay. I would not postpone solely to furnish everything immediately.

 

[jade_deals]

Do you already know the apartment’s service-charge amount and when the next payment is due? Also, does your closing estimate include every payment due around handover? Those dates matter: a comfortable annual budget can still create a short-term cash squeeze if several bills and the first mortgage payment arrive together.

 

[jade_deals]

I’d also want the inspection findings before deciding. “Maintained” can describe the common areas while the unit still needs air-conditioning work, plumbing fixes or replacement appliances. You do not need to predict each repair, but the report should help you reserve for urgent items rather than treating the whole IDR 472,700,000 as available cash.

 

[stone.round]

Agreed on waiting for the report, though I would not automatically delay if it lists only minor items. Make a first-year cash calendar, ring-fence the emergency fund and known housing costs, then cap moving and furniture spending from what remains. If that leaves too little for an insurance excess or an immediate repair, delay. Otherwise, move in with essential furniture and add the rest gradually.