October 24 2025

Home buying involves much more than the purchase price – understand all the costs before making offers.

 

Down payments, closing costs, inspections, and moving expenses add up quickly.

 

Property taxes, insurance, and maintenance are ongoing costs you need to factor in.

 

Budget 1-3% of your home’s value annually for repairs.

 

Also, factor in commuting costs and your timeline when deciding to rent versus buy.

 

Renting vs Owning a Home: What’s the Difference? Pros, Cons & Financial Benefits

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