9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers

photovs/iStockSo you’re a first-time buyer who just closed the deal on your new home and moved in. Finally, you can breathe a deep sigh of relief. After all, you managed to pony up a down payment, closing costs, and other sundry expenses. Provided you make your monthly mortgage payments, you’re fine and dandy on

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Your home is probably the most expensive thing you’ll ever own, and that expense goes beyond the closing price. There’s the cost of the house, but then there are other ongoing and upfront expenses that can catch you off guard. Especially if you’re a first time buyer, it helps to know what you’re getting into.

To keep things from getting overwhelming, we’ve created this home maintenance guide for first-time owners. And don’t worry – most of these tasks take just a few minutes or a quick call to a trusted pro. Take a deep breath and dive into the 11 home maintenance to-dos you’ll need to handle in the first year of buying a home.

Costs like property taxes, home owner’s insurance, realtor fees, closing fees, utilities, and maintenance can really add up. If you’re buying in. he says. 9. Is the rest of your financial house in.

You can even find a fixer upper and make it your dream house with the money you save on the purchase." 5. Run through all costs before starting the home-buying process Most first-time home-buyers.

9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers So you’re a first-time buyer who just closed the deal on your new home and moved in. Finally, you can breathe a deep sigh of relief.

Source: "9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers" REALTOR.com (March 15, 2019) Robin Shreeves About Us The Alabama Association of REALTORS (AAR) is the largest statewide organization of real estate professionals comprised of over 16,000 members from 26 boards and 1,200 real estate companies.

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For most first-time home buyers. Some banks may not accept non-recognised valuers. utility bills can also increase your cost of owning a home. That is possible if you are buying in a neighbourhood.