10 Tips Every New Home Buyer Should Know

The biggest investment many of us will make is buying a house, and mistakes can be costly. To help weed through the home-buying jungle, we've gathered the knowledge and strategies every home buyer should know before beginning the hunt.

By Stephanie Welch AlexanderMore in Home Improvement

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Photo 2 of 10

Photo 2 of 10Weigh the costs of home ownership.

- Your Lifestyle
- Costs of Ownership
- Build or Buy
- Location, Location, Location
- After the Sale
- Added Taxes

Costs of Ownership(2 of 10)

There's more to consider than just a monthly mortgage payment. Will you be able to afford the expenses that come with owning a home? Utilities, property taxes, repairs, homeowners association fees, lawn maintenance (unless you will do the work yourself) can all add up.

If you're moving to a new part of town or a new city, it's important to consider the cost of living for that area. Transportation, school tuition and everyday living expenses can also make home ownership more expensive than it initially appears.

Next Photo: Build or Buy