Buying a home is one of the most exciting milestones in life—but while most buyers focus on the down payment and mortgage rates, many overlook the hidden costs that can creep in after the offer is accepted.
At Vice Realty, we’re committed to guiding you through every step of the journey—including the not-so-obvious ones. Here's what you should prepare for:
1. Closing Costs
These typically range from 2% to 5% of the home’s purchase price and may include appraisal fees, title insurance, transfer taxes, escrow fees, and more. Always ask your agent for a closing disclosure so you're not caught off guard.
2. Home Inspections & Repairs
A thorough inspection can save you thousands by revealing hidden issues—but if it uncovers needed repairs, those costs could fall on you if not negotiated properly. It’s important to budget for unexpected fixes upfront.
3. Moving & Set-Up Expenses
Beyond the boxes and the movers, there’s furniture, appliances, utility deposits, and more. These can add up quickly—especially if you're transitioning from a rental or out-of-state.
4. HOA Fees & Property Taxes
If your new home is in a community with a homeowners association, monthly fees are likely. Don't forget annual property taxes, which vary by location and property value.
5. Ongoing Maintenance
Once you own the home, you’re responsible for all upkeep—from HVAC servicing to landscaping and roof repairs. Setting aside a monthly maintenance budget is a smart long-term move.
💡 Pro Tip: Always work with a real estate expert who can help you plan, budget, and avoid any surprises during and after your purchase.
📞 Thinking about buying but unsure where to start? Call Vice Realty today at (702) 550-1160—we'll walk with you every step of the way.
