Moving into a new home is exciting but for first-time homebuyers, buying a home can come with hidden costs that could negatively impact your experience. Follow these tips to help ensure that you are up to date and ready for all the financial realities that come with a home. Remember that you can talk to Berkshire Hathaway HomeServices at (310) 373-0021 for home-buying advice based on your unique needs.
Expect That Something Unexpected Will Happen
No matter how much preparation you do, how much you think you are ready, and how much you feel you have everything under control, it is likely that something unexpected will happen. For example, what if you move in and the fridge that was left behind needs to be replaced? What if you move in and discover that your couch does not fit in the new home?
The point is not to think of every possible bad thing that could happen. The point is to understand that you are likely to miss something along the way. Have a money pad so that you can cover these unexpected costs when they come up. If you don’t you might end up taking out a second mortgage and taking on a significant monthly expense shortly after moving in.
Remember That Money Isn’t the Only “Cost”
When you are considering hidden costs, remember that your comfort comes at a cost too, even if it is not financial. It is common for a person looking for a home to see a bunch of “minor” issues and assume they will not be a big deal. That might be true if there are just one or two of them, but they can add up quickly and become a huge pain. One of the reasons to work with a real estate professional is that we can help you determine which issues are minor and which are dealbreakers.
Work with People Who Can Help You Anticipate Potential Issues
If you are trying to buy your first home, then you cannot be expected to know everything there is about buying a new home. The good news is that you do not need to be – you just need the right people on your side. Talk to friends and family who had bought houses and ask them to tell you what they wish they had known before they got started.
You should also work with a real estate professional who can help you. You will find that professional by calling Berkshire Hathaway HomeServices at (310) 373-0021 to get the information you need. Call us now and we look forward to working with you.