5 Hidden Homebuying Costs & How to Prepare
Plan Ahead and Avoid Surprises in Your Homebuying Journey
Buying a home is an exciting milestone, but it’s easy to overlook some hidden costs that can catch you off guard. Here are five common ones to watch for—and tips to prepare so you can stay on budget and stress-free.
1. Home Inspections
Before you finalize your purchase, a professional home inspection is essential. Costs typically range from $300 to $500 but could save you thousands by identifying potential issues upfront.
2. Closing Costs
Expect to pay 2–5% of your home’s price in closing costs. These include fees for your lender, title services, and more. Pro tip: Ask your agent about negotiating seller contributions to help cover some expenses.
3. Property Taxes
Taxes vary by location, so check the local rates for your area. Your lender may roll them into your monthly mortgage payment, but you’ll still need to budget for this annual expense.
4. Homeowners Insurance
Protecting your investment is a must, and homeowners insurance is a non-negotiable cost. Rates depend on your home’s location and condition, so get quotes early to plan accordingly.
5. Moving Expenses
Whether hiring movers or renting a truck, moving comes with costs. Don’t forget to include packing supplies and potential deposits for utilities or HOA fees.
Be Prepared, Not Surprised
Navigating these hidden costs is easier with a trusted real estate agent by your side. At Betty Most Agency, we’re here to guide you every step of the way, helping you budget smarter and avoid surprises.
Ready to start your homebuying journey?
Visit the Betty Most Agency website today for expert advice, the latest listings, and personalized support. Let’s find your dream home—and make the process smooth and stress-free!
