❗ Buying your first home is exciting, and it’s also expensive. You may not be familiar with all the costs associated with buying a house, and some of them can be quite unexpected.
Here are several hidden costs you should be aware of when buying your first home.
If the previous owners of your new home take all the appliances with them, you’ll need to buy new ones when you move in.
2. Repairs And Improvements
If the home you’re purchasing needs repairs or improvements, you’ll likely be on the hook for them.
3. The Inspection
Before buying any new home, it’s smart to have an inspection done. This will cost money, but it’s worth it for the peace of mind it gives you.
4. Higher Utility Bills
Your electric bill may be higher each month, and it’s possible you’ll become responsible for bills that your landlord used to pay like trash pickup and water.
5. Insurance Premiums
The reality is, however, that the home is much older than the others, and as such, the insurance premiums may be quite high. This may end up costing you more in the long run.
6. The Locks
One of the first things any new homeowner should do (unless they’re buying a brand-new home that no one’s ever lived in) is change the locks on all the doors leading outside.
7. Cable/Satellite TV
Are you used to cable tv? Is your new home wired for it? If your new abode isn’t cable-ready, what about satellite tv? Either one is going to cost you for installation, which is something many new homeowners forget about in the excitement of buying a new home.
Emma Co Personal Real Estate Corp | Macdonald Realty
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