Hidden Costs Of Buying A Home | Evelyn Lopes Realty Team_Blog

Wednesday, February 15, 2023   /   by Evelyn Lopes



Are you or someone you know looking to buy your first home?
As a first time home buyer, you have likely been saving your pennies and you may think you’re finally ready to buy a home? Are you?
Let's look at some of the hidden costs that you may not be aware of when  purchasing a home, so that you can be best prepared to enter the real estate market.
Most first-time homebuyers know that they need to budget for a down payment when buying a home, but many overlook the other costs involved.
Have you ever wondered how much does it cost to buy a home?
If you’re preparing to buy your first home, make sure you have budgeted enough to cover additional expenses, like a home inspection, appraisal fees, insurance, and closing costs.
Here in the greater Toronto area and surrounding communities, you can expect to pay around…
? $500 for a home inspection,
? Approximately $500 for a home appraisal,
? And $150-200 month for home insI ...

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