Buying a home, big or small, rural or luxurious, is a huge freaking accomplishment.
If you find yourself there or are aspiring to get there, feel proud of the fact that your hard work is going toward something that is no small feat.
ABC / Via giphy.com
All that said, buying a home is an arduous project. There's not a lot of transparency, and it's socially seen as a weird thing to talk about. Many times, people don't know what to expect until they're going through the process themselves.
ABC / Via giphy.com
As a result, a lot of little details come up that people aren't anticipating, simply because no one talks about the process. It can cause a lot of confusion if you don't know what's reasonable or not, and in some cases, it can even cost you a deal.
Hulu / Via giphy.com
I've been there, and I hear you, and I'm here to talk some of the mystery out of that process. I scoured Reddit to see what costs and fees snuck up on people while buying homes so you can be in the know.
jjjjjohn/GIPHY / Via giphy.com
1.Find out what property taxes are like in your desired area.
2.Putting down less than 20%? You'll need Private Mortgage Insurance (PMI).
3.Closing costs can be a pretty penny.
4.Mortgage companies can under or overestimate your taxes.
Netflix / Via giphy.com
"Our mortgage company underestimated our taxes based on the seller's old property taxes. Estimated 6k actual 12k. So the mortgage we expected to pay is about $400/month less than we are on the hook for."
5.Get a good look at the pipes.
6.Congrats on closing, now change the locks.
7.Those little things you think you can ignore may get to you down the road — and cost you.
TruTV / Via giphy.com
"If you walk into the house and don't love the paint color, trim, window coverings, tile, carpet choices, light fixtures, etc. etc. etc., realize that you'll be paying to change these things because you own the home and will feel like you can. Hate popcorn ceilings? Even if you do it yourself, you have to purchase the supplies for all of these changes. Personalizing your home is incredibly costly."