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Forgotten Housing Costs that Could Bust Your Budget

From a First-Time Homebuyer’s Perspective

Purchasing your first home is super exciting! Walking into that home and already fantasizing about paint choices, furniture, decorating, and where you see your family and friends hanging out is exhilarating. For the most part, you understand that purchasing a home can be expensive, but there are a few fees that some people forget about sometimes:


They seem easy enough but can be costly depending on how handy the previous occupants were. Don’t let that deter you, though. Make sure you put some money aside for improvements prior to setting your overall homebuying budget. The return on this could be huge when placing the home on the market again.


Make sure to get quotes from numerous moving companies or enlist friends with muscles to help. Professional movers can cost more during the busy season, so make sure to keep that in mind.


There can be additional fees than what you’re used to when renting. HOA dues, association dues, sometimes water and electric, or even lawn and pool maintenance. Make sure to have a rough estimate of what you can afford each month as your all-in number. Then, work on finding homes within that number and specify to your local real estate professional if you would like to be in a community with an HOA or association.


The age-old saying that time is money is true. Be mindful of when you need to sign important documents and schedule inspections, among other items, as you will most likely need to take time off of work to be present.

Team of people loading boxes into a truck

Buying your first home is an extraordinary accomplishment! If you have any questions about pre-approvals, mortgages, or anything related to real estate that the Jen Martinez team can help with, please reach out at (813) 480-4747 or send me an email!