• David Cade

When Buying a Home Plan for These Unexpected Costs




Coming up with a down payment to buy a home is the primary cost that buyers account for. Closing on a home purchase doesn’t end with the down payment, so you want to be prepared and save for these additional costs that you may not have anticipated.


There will be closing costs that are associated with your loan. Plan on paying a percentage of your loan amount for loan application fees, attorney fees, appraisal fees, homeowners’ insurance, and other assorted costs.


The $375 to $500 cost of a home inspection should also be factored in. Without a professional home inspection, you will not know what defects the home may have nor be able to negotiate with the seller on repairs.


If the house you are considering is in need of new landscaping, check with a landscaper for the cost to bring it up to your standards. Ask for an estimate for monthly yard maintenance if you don’t plan to do it yourself. Budget for at least $100 per month.


Exterior and interior cosmetic updates will likely be on your to-do list. Decide if you need a plan for working on one renovation at a time. Painting the entire exterior or interior of a home all at once can put a big dent in your finances.


Adding small décor items to your new home can quickly absorb funds from your budget. Bigger-ticket items like appliance repair or having to buy new replacement appliances is your responsibility and can also increase your cost of home ownership.


You can never have too much cash on hand to comfortably close on your new house to make it the home you want it to be. Give me a call so I can guide you through the home-buying process without any surprises.

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