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What are the hidden costs of buying a home?
 Beyond your down payment and mortgage, buying a home includes closing costs, property taxes, insurance, and maintenance. In San Diego, these extra expenses can add up quickly. At Schwarz Real Estate Group, we make sure you’re fully prepared for every cost, upfront and ongoing.

Closing Costs

Closing costs typically range from 2% to 5% of the purchase price and may include:

  • Loan origination fees
  • Escrow and title charges
  • Appraisal and inspection fees
  • Recording and transfer taxes

On a $900,000 home in San Diego, that could mean $18,000 to $45,000 in additional costs. Some of these may be negotiable or covered by seller credits, we’ll help you explore your options.

Property Taxes

In San Diego County, property taxes are about 1.1% of your home’s assessed value. For a $900,000 home, that’s roughly $9,900 per year, or $825 per month.

Some neighborhoods or new construction homes also have Mello-Roos or special assessments, which can add several hundred dollars monthly. We’ll help you uncover these before you make an offer.

Homeowners Insurance

Lenders require you to carry homeowners’ insurance. In San Diego, expect to pay:

  • Around $1,200 to $1,800 per year for standard coverage
  • More if you’re in a wildfire-prone or coastal zone

Bundling with auto or umbrella insurance may reduce your rate.

HOA Dues

If you buy a condo or home in a planned community, you may owe HOA fees. These can range from $100 to over $500 per month.

Higher fees usually cover amenities like pools, security, or exterior maintenance. We’ll walk you through what’s included and what’s not.

Maintenance and Repairs

Owning a home means taking care of it. Common ongoing costs include:

  • Landscaping and gardening
  • Pest control
  • Roof or plumbing repairs
  • Appliance replacement

A good rule: set aside 1% of your home’s value each year for maintenance. For a $900,000 home, that’s $9,000 annually.

Moving and Setup Costs

Don’t forget about the costs of getting settled:

  • Moving company or rental truck
  • Utility setup deposits
  • New furniture or appliances

Schwarz Real Estate Group provides helpful checklists and local referrals so you can plan and budget ahead.

Final Thoughts

The hidden costs of buying a home are real, but they don’t have to be a surprise. With a smart plan and a clear understanding of what to expect, you can buy confidently.

Schwarz Real Estate Group is here to help you see the full picture and make a well-informed move.