“Hidden” out of pocket costs

Home Forums Purchase Program “Hidden” out of pocket costs

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • #50299
    frankysmom
    Member

    Hi all

    What are the “hidden” or unspoken service professional costs in buying a home?

    I’m more than likely going to buy a foreclosed property in need of s full rehab so I know that a general contractor, architect/designer will be needed. An expediter to process permits, anyone else?

    What’s been your experience? Thanks

    #50303
    Nelsont
    Member

    Home inspection, pest control, chimney inspection (separate inspection not done by your home inspector), any kind of special tests like mold, radon or carbon monoxide.

    Any repairs rehab or not will need to be re-inspected. If you use the same inspector they might cut you a deal.

    #50304
    Nelsont
    Member

    Well and septic inspection also not done by your home inspector. Possibly have your local municipality install replace or address gas and water lines. Your local utility company will need to address the power lines.

    #50320
    Klassy
    Member

    Two that ALMOST caught me by surprise were the HOA Capital contribution and HOA Set up fees.

Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.