Buying You r First Home? Plan for These Hidden Costs
Expect the unexpected
For almost every person who buys a home, the spending doesn’t stop with the down payment. Homeowners insurance and closing costs, like appraisal and lender fees, are typically easy to plan for because they’re lumped into the home-buying process, but most costs beyond those vary.
Consider the creature comforts
Another cost is your own comfort. It’s easy to not think fully about what you’re expecting from your new home until after you move in.
This starts with budgeting both before house hunting and throughout your search.
Look at homes in your budget that need improvements, and then research how much those improvements could cost. Nothing is worse than buying a home thinking you can fix the yard for a few hundred dollars and then realizing it will cost thousan