Avoid these costly real estate blunders forever

Underestimating the Costs of Ownership

Many buyers overlook the total cost of owning a property, which extends beyond the purchase price. Maintenance, property taxes, insurance, and potential homeowners association (HOA) fees can add up quickly. A study by the Urban Institute highlights that hidden costs can increase the annual expenses of homeownership significantly⁴. It's crucial to calculate these expenses accurately before committing to a purchase, ensuring that you’re financially prepared for the long term.