You’ve run the numbers, double-checked your pre-approval, and mapped out a rock-solid plan for your mortgage payments. You feel ready—because you are ready. Right?
Here’s what many buyers don’t hear until it’s too late: the fastest way to blow your home buying budget isn’t the price of the home itself.
It’s everything else.
The Sneaky Extras That Add Up Fast
Closing costs, lawyer fees, moving trucks, home inspections, new furniture, appliance upgrades, window coverings, HOA fees, landscaping, utility deposits, and higher monthly bills—it all adds up quicker than you’d think.
Many buyers get to closing day feeling good about their purchase price, only to watch their bank account drain faster than planned once all the hidden “extras” hit. If you haven’t built these into your plan from the start, they can push you well beyond your comfort zone before you even get your keys.
How Much Should You Set Aside?
Here’s a quick guideline to help you avoid surprises:
✔️ Closing Costs & Lawyer Fees: 1.5%–4% of your purchase price. Budget $1200-$2000
✔️ Home Inspection: Budget $400–$700 for a standard inspection—and more if you need specialists for things like septic or well inspections.
✔️ Moving Expenses: Whether you’re renting a truck or hiring professionals, plan for $1,000–$3,000, depending on the distance and how much you’re moving.
✔️ Immediate Repairs & Maintenance: Even a “move-in ready” home can surprise you. Having $2,000–$5,000 on hand for small fixes or updates is smart.
✔️ Furniture & Appliances: Need a new sofa? Curtains? A washer and dryer? Even a modest shopping list can add up quickly. Many new homeowners spend $5,000–$10,000 in their first year just to get settled.
✔️ Property Taxes & Utilities: Know when your first property tax bill is due, and remember bigger homes often mean bigger utility bills.
Smart Buyers Plan for the Real Costs
The smartest buyers don’t just budget for the mortgage—they build in a realistic cushion for everything else. A good rule of thumb? Have an extra 3–5% of your home’s price set aside for these “extras.”
It’s not about spending less—it’s about spending smart and avoiding the stress of surprise expenses later.
Plan Now, Love Your Home Later
Want to stay on track, avoid financial shocks, and still love your new home? Let’s look at the real numbers—together. I’ll help you plan for every cost so you can buy with confidence and peace of mind.
📲 Ready to buy smart? Give me a call today—I’m here to guide you every step of the way.
