One of the reasons why some people are hesitant to purchase a new home may be because they don’t know of the extra expenses they’ll go into after the purchase of the property
Knowledge is power, and you can learn from other people’s experiences and make the most of your home purchase.
Simply knowing about this additional costs, can give you peace of mind and can help you understand the times when you would need the funds and in some cases where to get the financing from.
While additional costs vary with each home purchase, they generally average about 1.5% to 4% of a home’s selling price.
The following is a list of some additional cost when buying a home
- Property land cost
- Legal Notary fees
- Mortgage Insurance
- Property Insurance
- Home inspection
- Moving costs
- Service hook ups
Click here to see the complete list including approximate amounts and what they are specifically
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