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Running Tally of Costs of Buying a House

December 5th, 2005 at 08:24 pm

1 Earnest money - $850

2 Closing costs - $6,029.08

3 Water hookup - $30.00

4 Electric hookup - $27.00

5 Gas hookup - $15

Grand total - $6,951.08

Not included - any moving fees (don't have them yet), deposits on utilities ($100), cable connection (dh will have to have his cable).

I won't include the utility deposits because we will eventually get them back.

Almost $7,000 and we aren't even in the house yet. I still need to call her to tell her we will buy the dryer. That way we don't have to pay an electrician to come out and wire the laundry for an electric dryer right away. We'll have to have a plumber out for the copper pipes into the water heater soon (I'd prefer to go ahead and do a tankless while we're at it, but I'll to see what I can get DH to agree to).

Then, we'll have to paint at least one room. We'll need rugs (this is all tile, remember) and dh has fallen in love with these bamboo rugs he found online.

So by the time we're in? $8,000 - that's 10 months of rent. Which, you know, doesn't sound all that bad, 10 months of rent versus a home I can do what I want to and build equity in? Works for me.

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