Here’s how much you’ll spend on ‘hidden’ costs when you buy a house

Rookie home buyers who focus too much on the size of their mortgage payment when they’re budgeting for a new home could be in for a nearly $10,000 surprise.

A new analysis on the “hidden costs” of home ownership shows that nationally, home owners spend an average of $9,080 on expenses that many first-time buyers overlook when they’re planning their home purchase, such as taxes and home improvement projects.

The analysis — by real estate listing site Zillow and Thumbtack, a site where home owners can find professionals to do household tasks — found that home owners spend an average of $6,059 per year on the “common, but overlooked” expenses including homeowners’ insurance and utilities.

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