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What is Considered a Big Purchase When Buying a House: A Complete Guide
Buying a house is a huge decision - it’s one of the largest investments that most of us will make in our lifetime. Therefore, it goes without saying that there are several big purchases involved in the process. Whether you’re a first-time homebuyer or an experienced investor, these purchases can amount to a significant chunk of your budget, and as such, they require careful consideration. But what exactly are these big purchases? Well, for starters, there’s the down payment itself, which can put a major strain on your finances. In addition, you’ll need to factor in closing costs - a broad category of fees associated with buying a home, including everything from appraisal fees to title insurance. And that’s just the beginning; there are also several other large expenses that crop up along the way, such as home inspections, repairs, and renovations. ...