The Hidden Costs of Buying a Home, Beyond the Down Payment
Falmouth – October 13, 2026 -- Home buyers who budget only for the down payment and monthly mortgage risk missing several costs that affect affordability, according to a HelloNation article featuring real estate expert Serena LoPiccolo-Smith of The Inspire Team.
Inspections and closing costs arrive before move-in
A professional home inspection can uncover problems with the roof, plumbing, electrical systems, or foundation. Depending on a property's location and age, some buyers add inspections for mold, termites, or sewer lines. These raise upfront costs but give buyers information before they finalize a purchase.