Harrisburg PA Homes for Sale Blog: First Time Buyers in Harrisburg PA: What are the Costs?

This is a real estate blog with lots of community information, homes for sale in Harrisburg and Hershey, new construction tips, info for selling your home, and help for first time home buyers.

First Time Buyers in Harrisburg PA: What are the Costs?



           First-time Buyers in Harrisburg PA: What are the Costs?  Buying a new home can be a huge, complex undertaking, especially when it’s your first time. That’s why it’s important to have an experienced real estate agent guiding you along the way; especially when it comes to costs for first-time buyers.

            First-time buyers need to look at their financial situation and crunch the numbers to see if this is the right time to buy. Chances are the numbers first-time buyers see today will be the best they will see for some time, which is why so many are considering homeownership.  

            Still, understanding the money that goes into a home purchase is important. The biggest mistake first-time buyers make is underestimating the costs of buying a house and maintaining it over time.


Closing costs Cartoon


            Home buying requires more than a down payment, Closing costs and future expenses will figure prominently. First-time buyers should have 1%-3% of their homes’ purchase price in savings for improvements and surprise expenses. Mortgage experts also say it’s wise to have at least six mortgage payments in the bank after a closing.

            While those numbers may not be feasible for everyone, if you are spending above your means on a new home, you may find yourself in financial trouble fast.

            Inspections are important for the first-time buyer, as they list repairs that will be needed for the home. They can run up to about $400 if you are having a home inspection, wood boring insect, and radon test done. A buyer should put together a short-term and long-term plan based on the inspection, so they know how much money they will need in the months and years ahead.

            As renters, people are accustomed to paying rent and basic utilities. As homeowners, you’ll also pay for water, sewer and trash collection. Then there are property taxes, homeowner’s insurance and homeowner’s association dues, plus yard care, snow removal and other expenses unique to your location.

            To be sure, buying a home is one of the largest investments you’ll make and when done wisely, it can be one of the best decisions of your life. I will help each step of the way, first helping you establish a realistic price point for your home purchase and a clear understanding of your monthly expenses - something all first-time buyers should know.



Harrisburg PA Real Estate Expert

Ken Huebsch: Your premier real estate agent in the Greater Harrisburg area.  I am a specialist in Harrisburg real estate as well as the communities of Palmyra, Hershey, and Hummelstown.  My wife Leslye and I have a combined 40+ years' experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you.  We are dedicated professionals and are here for your success. 

For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call.  Also, check out what our fabulous clients have to say about us on our testimonials page!


Cell: (717) 514-1793            Email: Ken@KensHomesales.com


Presented by KensHomeSales.com


facebook icon                                         youtube icon                                      google icon



Comment balloon 3 commentsKen and Leslye Huebsch • October 19 2011 08:06PM


Hi Guys!  Good blog.  Hope to see you Thursday at my Realtors Open House in the Hershey Office!

Posted by Michele Myers, Harrisburg/Hershey Realtor (Prudential Homesale Services Group) over 7 years ago

Hi Michele, We're on our way out of town..checking our Gatlinburg TN this week! We'll miss the big 'reveal'. Darn!

Posted by Ken and Leslye Huebsch, Realtors - Harrisburg Homes for Sale 717.514.1793 (3x Individual Agent of the Year, Luxury Homes, First-Time Buyers, Residential Resales, New Construction) over 7 years ago
XHSOf1 tunoubtrkpvf
Posted by mzawhrdinlz almost 7 years ago