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Closing Costs

Buying a home seems exciting, but there are hidden costs that many people don't know about. Here are some important ones

Closing Costs

When you buy a house, you have to pay closing costs. These can be 2% to 5% of the loan amount. On average, it's about $6,000.

Home Inspections

Before buying a home, you should get it inspected. Inspections usually cost between $300 to over $600, depending on the home's size and location.

Title Insurance

This is to make sure you legally own the house you're buying. It costs around $1,000 on average, but it varies from state to state and depends on your home's price.

Potential Renovations

When you move into a new home, you might need to make some changes or buy new stuff. On average, new homeowners spend about $10,601 on furniture, appliances, and home repairs in the first year.

Moving Costs

Moving can be expensive too. On average, it costs about $1,400 to move, but it can be more depending on how far you're moving.

These costs can add up, so it's important to budget for them when you're thinking about buying a home.

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