There's more to the cost of buying a home in Berks County than just the asking price. When it comes to the true cost of owning a home, you have to also consider the hidden costs. These costs have taken many a home owner by surprise and then they find themselves under water in their new home. But if you prepare for those hidden costs before you move into your new home, you can better prepare for the unexpected.

Expect the Unexpected

There are anticipated costs when you close on a home, such as homeowner's insurance, closing costs, and appraisal fees. But what you may not initially think about is the fact that the previous owners can affect your costs of moving in. Did the previous owner take any major appliances you have to replace? Just one missing appliance can cost you hundreds of dollars. That might not seem like a ton of money compared to the price of the home, but it can add up easily. And if you used all of your cash on the down payment, it becomes a larger issue. It's a good idea to confirm with the seller what appliances they may be taking so that you can include the replacement costs in your budget before you move in.

There may also have to take care of immediate home improvements or repairs. To avoid having to cough up that cash, you can try to cover it in the negotiations before closing. That is will be your last chance to have the seller cover those costs, whether by reducing the price of the home, or making the repairs themselves before you move in.

Plan for Comforts

Of course, you want to be comfortable in your new home in Berks County. Is the home you're buying already wired for modern tech gadgets? If you want internet service, you may need to have the service provider install wiring for it. Most cable companies charge extra for installation. It's a good idea to check with all the service providers you'll need, including power, water, and garbage to get an idea how much those charges may be. Your power company may also be able to give you an idea of costs based on the previous owner's usage.

Think Ahead

Planning for the cost of owning a home really should start at the beginning of your search. This is especially important if you're a first time home buyer, or if you plan to buy a fixer upper. If you do buy a home that needs repairs, do your best to calculate how much those repairs will cost. You don't want to get stuck in a house you can't afford to fix. You should decide how much you can afford for the down payment, then figure out how much will be left for repairs.

Planning for hidden costs before you buy a home will help you make sure that your home buying experience goes smoothly and free of nasty surprises.

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