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The process of buying a home is exciting, as well as nerve wracking. For many, a home is the biggest purchase a person will make in their entire life. With many aspects to consider, it is easy for a buyer to overlook some important details during their home search. Here are a few of the top things homebuyers overlook today.

Added Costs

All too often buyers today get wrapped up in the cost of the downpayment and overlook other costs associated with purchasing a home. In many cases, buyers are not financially prepared for additional closing costs, property taxes, and lender fees. When formulating a budget, it is important to factor these into your math to ensure you can still afford the home purchase. You always want to provide yourself with enough cushion so you do not overextend yourself. 


This is without question one of the most overlooked details by buyers today. For some, limited parking is not an issue; however, for many people, it can be quite the burden. This may need to be a compromise if you find the right home, but it needs to be at least a consideration during a home search.

HOA Rules

Homeowners associations are not for everyone. If the home you are considering is part of an HOA be sure that you take a long look at the conditions and restrictions. You do not want to realize after the fact that you are unhappy with the rules. For example, some HOAs have pet restrictions, which is a deal break for many families. It is also extremely important to factor the HOA fees into your budget because they may push a home out of your price range.

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