Prepare Your Budget for these Home Buying Costs

Hate surprises? You are in luck.

Among all kinds of surprises, what’s most annoying are surprise and sudden expenses. As a home buyer, you should know that home buying entails a lot of costs aside from the property’s purchase price. Avoid surprises by preparing your budget for these home buying costs:

💸 Mortgage closing costs – these are mortgage-associated costs including origination fees, appraisal fees, title search fees, and mortgage insurance

💸 Property taxes – make sure to check with your municipality as the cost varies per location and is based on the home’s assessed value

💸 Homeowners insurance – include this in your home buying budget as this is required by most mortgage lenders. Also, a homeowners insurance can protect you from losses due to fire, storms, and other hazards.

💸 Home inspection – this is done before finalizing the sale and usually costs between $300 and $500

💸 Home warranty – this can cover the cost of repairs of appliances and systems in the home

💸 Moving costs – moving to your new home entails other costs such as hiring a moving company or renting a truck.

By doing your research and knowing all necessary costs associated with home buying, you get to prepare your finances and avoid unexpected expenses.

For a smooth and hassle-free home buying journey, feel free to contact me through the following:

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