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The Hidden Costs of a New Home

  1. Homeowners’ association fees: Monthly assessments usually start low when a project is new, then go up when the developer is no longer involved and the  association starts to pay the maintenance bills.
  2. Landscaping: Most new homes come with minimal landscaping. It can cost  thousands to plant trees, shrubs and grass but this could be stretched out over a period of time. This could be a good thing because if  you moved in, in mid summer you should wait until fall to plant most trees and shrubs anyway.
  3. New tools: If you’ve been living in an apartment, you will probably have to buy a lawnmower, small tools such as shovels, picks, and other tools to adjust things as the years go by.