Your monthly payment (principal and interest) is just the starting point. Savvy buyers now plan for (Principal, Interest, Taxes, Insurance, and Association fees).
Don't let a "fresh flip" distract you from structural reality. In 2026, be wary of: First-Time Home Buyer Advice and Preparation for 2026 things to know before you buy a house
: Nearly 44% of homes now have HOA fees. Watch out for "special assessments"—one-time large fees for major community repairs—and capital contributions required at closing. Your monthly payment (principal and interest) is just
: Budget 2% to 4% of your home's value annually for maintenance. things to know before you buy a house
