If you are buying your first home, chances are you are stretching your savings to the max.  Depending on your situation, you may have some other initial expenses to consider:

  • Moving expenses
    Whether you’ll be hiring a moving company or renting a truck and asking friends for help, there are likely to be moving expenses.
  • Renovations or repairs
    Can renovations or repairs be delayed, or are some necessary to do immediately?
  • Condominium Fees
    Do you have to make the initial payment for these monthly fees?
  • Service connection fees
    Telephone, gas, electricity, cable TV, satellite TV, Internet, and so on, may charge service connection fees. Some utilities may ask you to pay a deposit.
  • Appliances
    Does your new homecome with appliances? Do you already have your own?
  • Gardening equipment
    Will you need to buy gardening equipment the first summer in your new home?
  • Snow-clearing equipment
    Will you need to buy snow-clearing equipment the first winter in your new home?
  • Window treatments
    Do blinds or curtains come with the house?
  • Decorating materials
    Do you want to re-paint or apply wallpaper? Do the floors need to be refinished or re-carpeted? Do you have all the tools you need for decorating?
  • Hand tools
    Do you have the basic hand tools you’ll need for your new home?
  • Dehumidifier
    Will you need a dehumidifier to control moisture levels?

Check out this short video to learn more about home buying costs that you may not know about.