All The Hidden, Unexpected Costs Of Buying A Home

Posted by Simon Dehne on March 14, 2016 in Latest News with No Comments


home_inspection2Your home is probably the most expensive thing you’ll ever own, and that expense goes beyond the closing price. There’s the cost of the house, but then there are other ongoing and upfront expenses that can catch you off guard. Especially if you’re a first time buyer, it helps to know what you’re getting into.

Zillow estimates that, on average, Americans pay about $US9000 ($12,383) a year in extra home ownership costs, but that varies depending on where you live, and how you buy. Realestate.com.au estimates the extra costs of buying a $500,000 home in Australia to be $11,540–$14,050. Some of these costs aren’t exactly “hidden” but they are commonly overlooked. Let’s take a look at them in detail.

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