Here are the 3 things first-time home buyers most often forget:
1. 💰 Closing Costs Beyond the Down Payment Most buyers save for their down payment but get blindsided by closing costs (2-5% of the purchase price). That's title insurance, appraisal fees, escrow, inspections, and more. On a $400K home, that's an extra $8K-$20K you need in the bank.
2. 🔧 The "After Move-In" Budget You bought the house—congrats! Now you need a lawnmower, window coverings, that weird-sized air filter, emergency plumber visits, and all those little things that add up fast. Plan for at least $5K-$10K in the first few months for immediate needs and surprises.
3. 📍 Researching the Neighborhood Beyond the House Buyers fall in love with the kitchen but forget to drive through at different times of day. Is there street parking? How's the commute during rush hour? Where's the closest grocery store? What are the neighbors like? Visit on weeknights AND weekends before you commit.
Bonus tip: Get pre-approved (not just pre-qualified) BEFORE you start looking. In competitive markets, sellers won't take you seriously without it.