Trulia.com has posted a great article outlining some of the 'hidden' or oft-forgotten costs associated with new home ownership. This is a great reminder for first-time purchasers to thoroughly research and understand expected expenses, and prepare for the unexpected!
Don’t let the potential for unexpected costs of home ownership turn you off. Do let it underscore the brilliance of adding in a line item for cushion and buying slightly below what you can afford.
- Tara-Nicholle Nelson, via Trulia.com
You can read the full article here: http://www.trulia.com/blog/taranelson/2013/07/7_more_hidden_costs_of_ownership