5 Hidden Home Buying Costs!
Now when important decision – owning a home – made, it is time to understand what`s it take to be able to buy a home! Let`s say you do not have any debt, you have great credit history and quite good credit score, and steady income, especially if you are the first time homebuyer you most likely have no or little knowledge that in your home buying journey, besides down payment, mortgage payments, you will come across those five home buying costs:
- A Cost of home inspection – Buying a home is the biggest investment. That’s why the home inspection is highly recommended to perform. Professional and licensed home inspector will evaluate the house`s biggest and most expensive elements of the house such as HVAC system, plumbing, electrical and roof. So before the house is purchased the buyer has a peace of mind or at least knowledge what to be preparing for. Every time the final report will be sent to the buyer with pictures and a brief description what has been found. And if any major issued discovered then the buyer together with their Real Estate professional will put it together and will negotiate repairs or compensation with the seller. Price for home inspection usually is about couple hundred dollars and it has to be paid before the inspection is performed.
