Ignite FB Tracking PixelWhat Buyers Forget When Buying A Home - Irene Roger

What Buyers Forget When Buying A Home

by Irene Roger 08/06/2018

When you’re buying a home, there’s a lot of excitement that surrounds the search and purchase of the property. In the process of buying a home, however, there are many things that buyers forget to take into account during their search and budgeting. Below, you’ll find some information to help you be prepared as a buyer to consider your home purchase from all angles without missing a beat.  


The Expense Of Closing Costs


Remember that closing costs will be somewhere in the 3-5 percent range of the purchase price of a home. Amidst all of your savings, you’ll need to consider this a part of your expenses. Closing costs need to be paid upfront in most cases. You can roll your closing costs into the financing, but it depends on the circumstances. There are no guarantees that the lender will agree to it. Your realtor can also sometimes negotiate for the sellers to pay the closing costs, but in a seller’s market this is quite rare. Be prepared with your closing costs and understand how much you’ll need to spend so that you have an appropriate amount for the downpayment and the other expenses that you’ll incur during the process of buying a home.  


The Cost Of Maintaining A House


Many buyers forget about all of the costs that they will need to pay for after they finish buying the house. In addition to a monthly mortgage payment, you’ll need to pay for things like utilities, routine home maintenance, furnishings, and more. If you completely deplete your savings for the purchase of the home, there’s not a whole lot of wiggle room for you to pay for additional needs in the house. 


The Cost Of Furnishing And Decorating A Home


You may move into a home with a few pieces that you have previously owned. You could also need a lot of things from a bed to a sofa. All of these items can add up. You may even have to worry about little things like window shades, curtains, lamps, light bulbs, and more. 


Home Repairs Can Cost A Pretty Penny


If something needs to be done in your home, the repairs can cost you quite a bit. If you’re not paying attention during the home inspection, you’ll be in for some surprises. That’s why you need a good realtor to help you through the process. A new roof can cost thousands of dollars. New appliances are an expense you should plan for. Other major work that needs to be done around the house can also dip into your savings significantly. As a buyer, you need to be prepared for any of these expected or completely unexpected costs.           

About the Author

Author
Irene Roger

Hi, I'm Irene Roger and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. 

As a Spanish-speaking realtor with over 30 years of experience in the Atlanta area,  I am the ideal person to market your home and assist you with finding the home of your dreams. I have lived all over the world and work with costumers from all backgrounds.  

I specialize in relocations, first time buyers, tenants, and investors.

My experience, honesty, and integrity are great assets to you. 

My past clients feel the same way about me too. Here's what they had to say.

Michelle Doherty - Irene is very knowledgeable due to her many years living in the area and doing business. She worked hard for me and my family and I know she will do so for others. Another thing I found out about her is that she speaks Spanish fluently! Irene responds quickly and likes to negotiate. 

  

dinasnyder4- Over the years we have bought 2 homes and sold one with Irene. She is such a wealth of information and she is a top negotiator. I was always glad she was on our side. I would never go through the process without her! 

Olga Cadena - I highly recommend Irene, Excellent agent. Very professional and knows the area very well!!! She is available, and very flexible. Thank you Irene for making my selling the process very easy!