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

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Five hidden costs that surprise first time home buyers Are you planning to buy a house for you for which you were dreaming for a long time? Don’t take the decision of buying a house lightly as it costs you a lot.

But have you ever felt scared to be alone at night? Or maybe you have a large home and can’t go back to sleep when you hear a bump in the middle of the night. I’ll admit that I’ve had those feelings.

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.

Closing Costs. For example, the average sale price for a new home in May was $337,000, according to the U.S. Census Bureau. A 20% down payment on that sale price amounts to $67,400. On top of that $67,400 down payment, though, you would need between $6,740 and $16,850 to cover closing costs.

Home repair and maintenance is something most of us only think about when the roof starts leaking or the hot water heater goes on the fritz. That can be a very costly mistake. In fact, ignoring these costs leads many people into foreclosure. Here’s how to avoid that.

But did you remember tree maintenance? Many first-time home buyers don’t, and if your property has older trees on the grounds, tree trimming or removal can cost a pretty penny. For instance, having a tree completely removed can average $4,000 or more. And if you want that pesky stump removed, too, expect to cough up several hundred more. 3.

9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers Originally published by Realtor.com by Robin Shreeves So you’re a first-time buyer who just closed the deal on your new home. First-home buyer beware: Five hidden costs of buying a home.

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It may not be cheap, but a once-over by a knowledgeable home inspector can prove priceless should the inspection uncover hidden home problems such as. The problem with first-time flippers is, they.