As a first-time home buyer, you want your new place to be perfect, right? This means a thorough home inspection is extremely necessary and definitely not something you want to skimp on. Home inspections make sure everything from the appliances to the electrical system to the literal house structure are in good working condition. The average home inspection costs around $320, but can range anywhere from $200 to upwards of $400 depending on house size and the intensity of the inspection. There is no standard or flat rate inspection, so be sure to ask the inspector the total amount up front before agreeing to anything. Learn more secrets that all contractors wish first-time homebuyers knew.
Property tax varies from place to place, so knowing the exact amount you will need to pay per year is crucial before buying your first home. Larger cities and more urban areas typically have higher property taxes than homes in rural places. According to the Tax Policy Center, New York and New Jersey tend to have the highest property tax, while Alabama has some of the lowest. Most people will pay around $1,000 per year in property tax, or below 1 percent of house value, however, again this percentage widely varies, so make sure you know your property tax costs before making any final decisions. Here are 15 more questions every first-time homebuyer should ask.