Hidden Costs of Home Ownership

Owning a home is expensive. This is not new information to most, but it is surprising just how expensive it can be. Another surprise is where some of those costs can occur. As a general rule, surprises are not welcome in personal finance. We want to be able to identify the types of expenses that will occur and plan for them. That is why it is so important to understand what you are getting into when buying a home. Here are some commonly overlooked expenses that mess up your budget if they are not accounted for.