Buying a home is exciting but many people underestimate how important budgeting is The price tag on the house is only part of the story You also need to plan for closing costs inspection fees insurance and sometimes immediate repairs I have seen buyers stretch every dollar just to get the keys only to struggle with surprise expenses a few weeks later
A simple way to avoid stress is to set a budget that includes at least ten percent of the purchase price for extras This cushion helps cover things like painting updating appliances or fixing leaks Another tip is to get pre approved for a mortgage before shopping so you know your real limit not just what looks affordable on paper
Final thought A property budget should not just focus on the purchase but on living in the home comfortably Planning for the hidden costs makes the whole journey smoother and less overwhelming