When you’re purchasing a home, most of your budgeting is built around the costs directly associated with your purchase. You’re probably planning for your Earnest Money Deposit, home inspection, some repairs, your down payment, and closing costs. However, it’s also important to think through the way your budget will change once you’ve signed on the dotted line and bought your first home or upgraded to a new one. Here’s a list of expenses to take into consideration as you prepare for the months and years following closing.

Property Tax and Homeowners Insurance

Utility Costs

Outdoor Maintenance Costs