: Essential furniture, appliances, and minor immediate repairs can significantly inflate first-year costs. American Home Shield estimates first-year homeownership expenses can total over $86,000 when including the down payment. 4. Ongoing Recurring Costs
: Lenders often require several months of property taxes and homeowners insurance to be paid upfront at closing. 3. Immediate Post-Purchase Expenses total cost of buying a house
: A standard evaluation typically costs $200 to $600 . Specialized tests (e.g., mold or radon) can add $100 to $400 each. : Essential furniture
: A "good faith" deposit, usually 1% to 3% ($4,000–$12,000), submitted with your offer to show serious intent. Due Diligence Fees : usually 1% to 3% ($4