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13 Extra Costs to be Aware of Before Buying a Home

13 Extra Costs to be Aware of Before Buying a  Home


Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional costs,  could  surprise  you with an unwanted financial nightmare on closing day if you're not informed and prepared.

Some of these costs are one-time fixed payments, while others represent an ongoing monthly or yearly commitment. Not all of these costs will apply in every situation, however it's better to know about them ahead of time so you can bud- get  properly.

Remember, buying a home is a major milestone. Whether it's your first, second or tenth home, there are many important details to address, during the process. The last thing you need are unbudgeted  financial obligations cropping up hours before you take possession  of your new home.

Read through the following check- list to make sure you're budgeting properly for your next move.

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