10 hard truths no one tells you about buying a house

home picket fence
home picket fence

Nick Kenrick/Flickr

  • Buying a home is a goal for many, but it often involves more mental and monetary effort than expected.

  • With 52% of homeowners viewing their home as a financial investment, it's important to know what to prepare for before buying a house.

  • From monthly payments to new furniture, you probably need a bigger budget than you think, but you also may not need to spend as much on a down payment or what the mortgage lender qualifies you for.


Being a homeowner is part of the American dream, but that white picket fence comes with a side of unexpected realities.

While buying and owning a home can be fun and rewarding, it’s not all HGTV makes it out be. From hidden expenses to housekeeping demands, it involves a lot more mental and monetary effort than most originally anticipate.

According to Zillow, 52% of homeowners view their home as a financial investment and 48% view it as a reflection of who they are personally. That said, it’s important to make the right decision when house shopping — and know what you’re in for as you aim to get those keys in your hands.

Here’s what no one tells you when it comes to buying and owning a home.

See the rest of the story at Business Insider

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