HIDDEN COSTS OF HOMEBUYING 

44% OF HOMEBUYERS report they weren’t aware of all the costs associated with buying a home. 
Top expenses that new homebuyers sometimes forget to factor in: 


CLOSING COSTS 

These range between 2% to 5% of the loan amount. 
The national average is about $6,000. 

$800 to $2,150. (That’s for a 
two-person moving team 
completing a local move of less 
than 100 miles. The average cost 
of a long-distance 
move: between $2,200 
and $5,700.) 
HOME 
INSPECTIONS 
These typically run from $300 to 
upward of $600 depending on the 
location and size of the home. 
TITLE INSURANCE 
The average cost of title insurance is around $1,000 per policy, but that 
amount varies widely from state to state and depends on the price of your home. 

POTENTIAL 
RENOVATIONS 

A 2017 survey found that 
new homeowners spent 
an average of $10,601 on 
furniture, appliances, and 
home repairs — in the 
first year. 


MOVING COSTS 

The national average cost of moving 
is about $1,400 with a range from 


SOURCES: realtor.com, Forbes, National Association of Homebuilders