13 Extra Costs to Be Aware of Before Buying a Home

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Whether you're buying your first home or moving up to a larger one, it’s important to understand that the purchase price is just one part of the equation. There are several additional costs — including taxes, legal fees, and other expenses — that can significantly impact your overall budget. If you’re not aware of them, these extra fees can lead to unexpected financial stress on closing day.

Some of these costs are one-time fixed payments, while others may be ongoing monthly or yearly commitments. Not every cost applies in every situation, but being informed ahead of time ensures you're financially prepared and can budget wisely.

Buying a home is a major milestone — whether it’s your first, second, or tenth. And with so many details to manage, from offers to inspections, the last thing you need is an unplanned expense catching you off guard right before you take possession of your new home.

To help you navigate this process, a free industry report has been prepared: “13 Extra Costs to Be Aware of Before Buying a Home.” This valuable guide outlines which costs to expect and when they’re likely to apply — so you can buy with confidence.