For most home owners, moving in to a new house can be very overwhelming. With the weeks of planning and scouting for the perfect house, bargaining with real estate brokers and agents, all behind you now, you may think it’s all over. But you couldn’t be more wrong. Settling down in your new house is just the start of a new set of worries.

Getting approved for a mortgage will often necessitate you paying an appraisal fee out of your pocket. This is part of the process for loan approval. This may be anywhere from $200 to $1,000. There is also the cost for professional home inspection and this can set you back further ranging from $300 up to $800 for typical homes. It may go higher depending on structure age and type. Estimates from your lender are fairly accurate. However you will not know the exact amount until a couple of days before closing. Leave room for extra budget, you wouldn’t have to postpone the closing just because you are a couple of hundred bucks short.

If you move in to a subdivision, there are homeowners’ association fees to be dealt with. This can be annual or even monthly fees for maintenance of common areas. You need to set up budget too for repairs or renovations that might be needed upon moving in. Don’t forget the budget for moving van rental fees and costs of boxes as well. Lastly, before moving out of your current house, review carefully the contracts for your current utilities, there might be termination fees associated if you cancel them prior to the move.