Buying a Home? Plan for These Hidden Costs

October 4, 2019, 9:41 am Blog Buying Seen: 112
Buying a Home? Plan for These Hidden Costs
Buying a Home? Plan for These Hidden Costs

Get those rainy day funds in order — you're going to need them. You’re excited because you just found the perfect home. The neighborhood is great, the house is charming and the price is right. The previous owners of your home are the biggest factor affecting your move-in costs. If they take the refrigerator when they move out, you’ll have to buy one to replace it. The same goes for any large appliance. though these may seem like a small purchase compared to buying a home, appliances quickly add up — especially if you just spent most of your cash on a down payment.

Consider the creature comforts:
Another cost is your own comfort. There are a number of smaller considerations you may not think about until after you move in. Are you used to having cable? If so, is your new home wired for cable? It’s much harder to watch a technician crawling around punching holes in your walls when you own those walls. And if you’re moving from the world of renting to the world of home ownership, you’ll probably be faced with much higher utility bills. Further, you could find yourself paying for utilities once covered by a landlord, like water and garbage pickup.

Plan ahead:
The best way to prepare for the unknown and unexpected is through research and planning. This starts with budgeting before house hunting and throughout your search.
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