09/09/2026
Saving for a down payment is a major milestone—but it’s not the only cost to keep in mind when buying your first home! 🏡💸
Closing costs and unexpected expenses can quickly add up if you aren’t prepared. Before you make an offer, make sure to budget for these 5 essential costs:
1️⃣ Home Inspection ($400 – $700): Uncovers potential issues before you commit.
2️⃣ Legal Fees ($1,000 – $2,000): Covers title transfer, contracts, and the closing process.
3️⃣ Property Tax Adjustments: Reimburses the seller for prepaid property taxes based on your closing date.
4️⃣ Home Insurance ($800 – $1,500+/yr): Required by lenders before releasing mortgage funds.
5️⃣ Moving & Move-In Expenses ($500 – $2,000+): Covers movers, utility setup, and initial setup costs.
💡 First-Time Buyer Tip: Don’t use every single dollar you’ve saved for your down payment. Keeping an extra cash buffer for closing costs and unexpected home expenses will make your move much less stressful!
Ready to take the next step towards homeownership? Let’s connect and map out your plan!
📞 587-733-3033
📩 [email protected]
📍 Serving Calgary & Airdrie
