9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers

Here are hidden home maintenance costs that first-time buyers often forget. The post 9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers appeared first on Real Estate News & Insights | realtor.com .

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9 Hidden Home Maintenance Costs That Can Blindside First-Time Buyers You’ve saved up for a down payment and closing costs, so that’s it. right? Here are hidden home maintenance costs that.

This article is going to differentiate between "real" and "hidden" costs in real estate. First, I would like to define the normal operating costs in real estate, what a capital improvement is, and finally dive into the hidden costs. An operating expense in real estate is any cost that is required to keep the property performing.

Hidden Cost #1: Low-Ball Offers The main reason why most sellers choose to list with a real estate agent is to maximize the value of their homes, and the data backs this up. According to NAR , the average “For Sale By Owner” sales price is significantly lower ($185,000) than the average price of a home represented by an agent ($245,000).

Five hidden costs that surprise first time home buyers Are you planning to buy a house for you for which you were dreaming for a long time? Don’t take the decision of buying a house lightly as it costs you a lot.

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photovs/iStock. So you’re a first-time buyer who just closed the deal on your new home and moved in. Finally, you can breathe a deep sigh of relief. After all, you managed to po

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But did you remember tree maintenance? Many first-time home buyers don’t, and if your property has older trees on the grounds, tree trimming or removal can cost a pretty penny. For instance, having a tree completely removed can average $4,000 or more. And if you want that pesky stump removed, too, expect to cough up several hundred more. 3.

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