If you're planning to buy a house in the near future, you're probably getting your credit in order, scouting out your favorite neighborhoods, and saving up for a 20% down payment.
But the down payment and the mortgage aren't the only costs to prepare for when purchasing a new home.
There are a mountain of hidden expenses - from maintenance fees to taxes - that can add up to more than $9,000 each year, real estate marketplace Zillow estimates. And closing costs alone can tack an additional 5% onto the initial price of the home.
Business Insider previously spoke to Zillow's chief economist, Svenja Gudell, about the three big unavoidable costs - homeowners' insurance, property taxes, and utilities - and other common costs that are often overlooked.
If you're considering buying a home, be mindful of these expenses when establishing your budget, Gudell says.
Kathleen Elkins and Dylan Roach contributed to a previous version of this article.
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