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Hidden Costs of Buying a Home

October 19, 2025

Buying a home is a major investment, but it comes with a lot of perks. However, when starting to plan on buying one of the Wasilla AK homes, keep in mind that there are additional costs you may not be aware of that you need to include in your budget. These are some of the main costs to keep in mind.

Closing Costs

In purchasing a house, you’re probably focusing the most on the downpayment and being approved for a mortgage. However, there are additional costs involved in the final closing on the house that include appraisal fees, lender fees, title insurance, and the escrow charges. However, with some research and shopping around, you may be able to save some money.

Moving Expenses

While you may be able to handle the move yourself, you’ll still likely need to rent a moving truck, and purchase supplies, including boxes, bubble wrap, and tape to make sure everything arrives in one piece. Alternatively, you may want to hire a mover to help with larger, heavier, and also more valuable pieces, especially when you live in a multi-story home and will need to maneuver difficult items up and down stairs. Get quotes from multiple movers to find the best rate and services for your needs.

Utility Costs

In some cases you may need to pay fees, deposits, or setup costs for utilities. While you may be able to switch some without too much difficulty, be prepared for potential costs for electricity, internet, water, gas, and trash.

Property Tax and Homeowner Insurance

After the closing, you may be faced with higher property taxes and insurance as the result of reappraisals. It’s a good idea to shop around for insurance each year and see if there’s the potential for savings through bundling.

New Furnishings

A new home may require new furniture, lighting, and other items, and while you may be able to make do at first, you’ll want to purchase these items sooner than later. Before you move in, focus on the items you’ll need first and then add on as you can afford new pieces.

Fortunately, when you buy one of our new construction homes, you don’t have to worry about the costs of renovations and repairs. Even if a problem arises, you’ll have a warranty to give you peace of mind and save you money. Plus, our homes are built to be energy efficient, further saving you money right from the start. With these factors in mind, you’ll be better situated to create an affordable budget with less likelihood of expensive surprises. To learn more about our range of quality built Wasilla AK homes, contact Hall Quality Homes today.

This post was written by Hall Quality Homes.