The Hidden Costs of Buying a Home and How to Avoid Them

Are you planning to buy your dream home in Miami? Before you sign on the dotted line, let’s talk about something buyers often overlook: the hidden costs. You don’t want any surprises—so let’s break it down.

1. Closing Costs

Did you know closing costs can range from 2-5% of the home’s price? For a $750K home, that’s up to $37.5K. Let’s budget for these costs upfront so you’re fully prepared.

2. HOA Fees

Are you looking at condos or gated communities? Don’t forget to factor in monthly HOA fees, which can add up over time.

3. Property Taxes

Miami’s average property tax rate is 1.02%. For a $1M home, that’s $10,200 annually. Let’s make sure this fits into your financial plan.

4. Home Insurance

With Miami’s tropical weather, insurance is a must. Rates can be higher due to storm risks, so we’ll ensure you find the best coverage without overpaying.

5. Inspection & Repairs

Have you ever bought something and realized later it wasn’t quite what you expected? A thorough home inspection can prevent that. Let’s catch any issues before they become costly surprises.

What questions do you have about these hidden costs?

I’m here to guide you every step of the way, so there are no surprises—just excitement for your new home.