Is COP 135,300,000 enough cash to keep after closing?

We need to decide soon whether to proceed with the duplex, and the trade-off is having the home now versus keeping more cash untouched. Once the deposit and estimated closing costs are paid, about COP 135,300,000 should remain.

The monthly loan amount looks manageable, but that does not answer how much of the balance is genuinely spare. We still need to allow for moving, the initial mortgage instalment and any urgent defects identified during inspection; furniture could be postponed. I also want to check service charges and the insurance excess rather than assume the closing estimate captures everything.

Would you wait if the inspection reveals several near-term repairs, but proceed if the major items are sound and a separate emergency reserve survives those allocations? What else should be confirmed before the deadline?

I would not delay purely because of that headline number. First separate it into moving costs, urgent work identified by the inspection and a reserve that stays untouched. Furniture can be bought gradually. If COP 135,300,000 still leaves a meaningful emergency fund after those allocations, the position sounds much stronger.

Does the estimate already include any service charges, the insurance excess and the first mortgage payment? Those are easy to overlook when everything is focused on closing day. I would also ask the inspector to distinguish between defects needing prompt attention and items that are simply nearing the end of their useful life.

I would be more cautious than clara. A large cash figure does not necessarily mean a large reserve; it depends on your essential monthly spending and how stable the household income is. A maintained duplex can still produce several modest expenses at once. Work out how many months you could cover after paying for the move and only genuinely necessary repairs.

Make three lists before deciding: costs due on or around possession, repairs that cannot safely wait, and optional purchases. Confirm the first mortgage debit date, service charges and insurance terms rather than relying on rough estimates. Then price a basic move, not the ideal move. Beds, appliances and window coverings may matter immediately; most decorative furniture does not.

The inspection findings should decide this more than anyone’s preferred reserve figure. If they reveal a significant near-term item, add a realistic allowance and reassess the purchase price or timing. If they show only routine maintenance, and COP 135,300,000 remains after known bills plus an emergency fund, delaying solely to buy furniture sooner would not make much sense to me.