Costly Hidden Expenses For Homebuyers

Dated: 02/07/2015

Views: 2908

Image titleCostly hidden expenses for homebuyersBuying a home is likely the largest purchase you will make in your lifetime. It takes a significant amount of time and savings, and can seem like an overwhelming process at times. You have to obtain financing, find a home, move all your stuff from A to B, and so much more.With such a wide range of things to have to worry about when shopping for a home, it's critical you are aware of common things that will cost money once you do make a purchase. A thorough amount of planning might have been put into finding a home, but unexpected costs can soon turn into a nightmare. With that being said, here's a list of some of the most common costs new homeowners will face:New heating: One of the most costly expenses for a home is replacing the heating. A new gas furnace can cost up to $12,500. This is equivalent to a 20 percent down payment on a $250,000 home.Replacing the air conditioning: Having to get rid of an old air conditioning system and put a new one can cost upwards of $7,000. Not to mention, this requires a significant amount of labor as the system is found all throughout the home.Insulation: Not having proper insulation could cost a fortune in energy bills. However, replacing it from scratch can cost $2,500.Deck makeovers: Considering lumber alone cost nearly $35 a square foot, building a deck can be an expensive endeavor.Roof repairs: A problematic roof can lead to a wide array of problems. Water could seep in and effect an electrical system, for example. And while a roof repair might be necessary, it will cost a homeowner an average of nearly $1,000.Where a buyer might think they are finding the home of their dreams, hidden costs can soon turn a purchase into a nightmare. Luckily, help is available.Home inspection services are the ideal solution to knowing everything about a home before you move in. - See more at:

For quality professionals to assist with your home buying needs and questions, contact myself, Tony White of #Realty Central and the Realty Central Team for more information. 

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Jackie Cooper

Excellent service, honesty and commitment is my goal in assisting you whether buying or selling a home. ....

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