Because it’s not just about the down payment…
You’ve saved your down payment, gotten pre-approved, and you’re ready to start house hunting—amazing! But before you fall in love with that perfect listing, let’s talk about something most buyers don’t hear enough about: the hidden costs of buying a home.
While the purchase price gets all the attention, there are plenty of lesser-known expenses that can sneak up on you. And we don’t believe in surprises—unless it’s a housewarming party. 🎉
Here are some sneaky little costs buyers should budget for:
1. Closing Costs
💸 Typically 2–5% of the home’s purchase price
These cover things like loan origination fees, title insurance, escrow fees, and more. Lenders will give you a loan estimate, but it’s smart to pad your budget just in case. Don’t let “closing day” become “oh-no-I-forgot” day.
2. Home Inspections & Appraisals
🔍 Peace of mind comes with a price tag
A standard home inspection can run $300–$600, and specialized ones (think roof, septic, or termite) may cost extra. Then there’s the appraisal—usually required by your lender—which adds another $300–$500 to the tab.
Worth it? Absolutely. Skipping these is like buying a car without looking under the hood.
3. Moving Costs
🚚 Even DIY moves have a price
Whether you’re hiring movers, renting a truck, or bribing your friends with pizza and beer, moving isn’t free. And don’t forget to budget for things like utility transfers, deposits, and that inevitable “Why don’t we just buy all new furniture?” moment.
4. HOA Fees
🏘️ Not all neighborhoods are created equal
If your dream home is part of a community with a homeowners association, monthly dues can range from modest to… surprising. Make sure to ask about what they include—and what they don’t.
5. Home Maintenance & Repairs
🔧 Your landlord isn’t fixing that leaky faucet anymore
From lawn care to light bulbs, homeownership comes with regular upkeep. Experts suggest setting aside 1–2% of your home’s value each year for maintenance. Trust us, future-you will thank present-you for planning ahead.
6. Property Taxes & Insurance
📬 Your monthly mortgage isn’t the whole story
These are often rolled into your mortgage payment, but they’re worth reviewing independently. Rates vary widely based on location, size, and storm risk—especially here in Florida. (👀 Hello, flood insurance.)
The Bottom Line:
When you’re prepared for the hidden costs, you’re empowered to make smart, stress-free decisions. At The KKG Team, we walk you through every step so nothing catches you off guard—because buying a home should be exciting, not overwhelming.
💬 Have questions or want to know what to expect in your specific price range or area? We’re here for you—no pressure, just good advice.
📲 Thinking of buying this year? Let’s connect and get you confident and ready!