ADDITIONAL COSTS OF BUYING A NEW HOUSE

Рет қаралды 4,921

Күн бұрын

When buying a new house, there are additional costs besides your down payment, closing costs, title fees, and insurance. We’re sharing common expenses new homeowners will face, especially those who are purchasing a new construction home.
⬇️ Scroll down for links to the lawn care products we mention in the video! ⬇️
Common questions we address in this video are: How much money do I need to buy a house? Besides my down payment, what else do I have to pay before moving in? How can I prepare to move into a new house? Do new houses come with appliances? Do new houses come with refrigerators? What do I need to move from a rental into a house?
Please keep in mind that these are our opinions based on our personal experiences with new construction and with DR Horton. This still is just the beginning of our new home story, and we’re excited to share it with you.
Thanks for watching!
Disclosure: As an Amazon Associate, we earn from qualifying purchases.
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Thanks for watching!
CHECK OUT OUR EMPTY HOUSE TOUR:
Empty House Tour 2021 | New Construction | DR Horton | Closing Day | Modern Craftsman House
• EMPTY HOUSE TOUR 2021 ...
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We’re the Irvs! Thank you for subscribing to our KZfaq channel and following our Instagram @the.irvs as we share our journey with you.
If you’re totally new here, we are Vincent and Lisa. Great to meet you! We’ve been together since our teen years and married for 5 years.
We started The Irvs KZfaq channel in 2020 to share our debt-free journey and offer tips to others on the same path.
Then, we took a little (long) break LOL.
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Пікірлер: 35

@adamcruz3172 2 жыл бұрын

Great news with the HOA having you stain fence. Bad assumption that they're there to give us hard time. But they actually help keep the value of the neighborhood up. I will be a DR Horton home owner in a couple of months. Thanks for the informational videos.

@theirvs793 2 жыл бұрын

Thank you for watching, and congratulations on your upcoming move!! 🙏🏽🙏🏽

@lauramccloud22 2 жыл бұрын

Wow! There’s so much to consider! This is a great “heads up” video.. I definitely feel more prepared now, transitioning into home ownership❣️

@theirvs793 2 жыл бұрын

We’re so happy you found the video helpful! Best wishes on your new home journey! 🙏🏽🙏🏽

@mrspradababy 2 жыл бұрын

We are at 3 weeks from closing and this video came just in time! Thanks guys! Love your videos! 😊

@theirvs793 2 жыл бұрын

Amazing! 😍 Congratulations to you all, and thank you for watching! 🙏🏽🙏🏽

@JessicaOliviaLifestyle 2 жыл бұрын

Really enjoy watching your videos for homebuyers and homeowners out there. Very informative! We’ve owned several homes and can say you hit those nails on the head! We “finally” just moved into our forever home and so happy to get settled in. Hoping to get our 1 week update video in soon! Thanks for sharing yet another great and helpful video. 😊

@theirvs793 2 жыл бұрын

That is amazing-congratulations on moving into your forever home!! With your experience, we’re so happy to hear that you’ve found our videos helpful. Best wishes on documenting and enjoying your new home!! 🙏🏽🙏🏽

@Khandie2 2 жыл бұрын

Thank you both for these great information videos , I am learning a lot with your great tips and advice 😊

@theirvs793 2 жыл бұрын

We’re so glad you are finding the videos helpful! Thank you for watching! 🙏🏽🙏🏽

@latoya2750 2 жыл бұрын

Thank you 😊 💓

@theirvs793 2 жыл бұрын

Thank you for watching! 🙏🏽🙏🏽

@marieriou2030 2 жыл бұрын

Great video with valuable information! I love the.irvs!💜💙

@theirvs793 2 жыл бұрын

Thank you so much for watching and following our journey! 🙏🏽🙏🏽

@pixamite1 2 жыл бұрын

We got very lucky on the boxes. Our agent that sold our old home donated to us piles of boxes as she had moved a couple weeks ahead of us.

@theirvs793 2 жыл бұрын

That was great timing! We are all about getting things for free when you can LOL-thanks for watching!! 🙏🏽🙏🏽

@BangzHomie 2 жыл бұрын

I’ve watched almost all of your videos. I really appreciate the content. I too am a millennial under contract on my first home, and it’s a new construction as well. The content has been beyond helpful. I really appreciate it. You guys cover alot of bases but I guess if I can present a topic for y’all to cover it would be is there anything to look out for in the initial and closing disclosure paperwork? Particularly with the estimated monthly payment? Of course I’m not expecting for y’all to share that exact information personally, but was was your estimate lower or higher than what was finalized?

@theirvs793 2 жыл бұрын

Thanks for watching and we are happy to hear that the videos have been helpful. Our final disclosure numbers were slightly lower than the estimates. The key thing to ask your lender is how much extra should you pay in taxes during your first year. Your mortgage payment after you close will likely only include taxes on the unbuilt land. Meaning you are only paying taxes on the land and not the house. It takes some time for the monthly mortgage payment to reflect the taxes for the house. You’ll need to pay extra for the taxes on your newly built house, your lender can give you a good estimate. If you don’t pay the extra during your first year, you’ll get a tax bill later with an amount you owe and your mortgage payment will increase at the same time.

@BangzHomie 2 жыл бұрын

@@theirvs793 ok, thanks! I appreciate the info.

@joshkeeton9616 2 жыл бұрын

For boxes, I've been saving diaper boxes and all our Amazon boxes for months! We're finally at the moving stage and it's wild.

@theirvs793 2 жыл бұрын

Congratulations on being so close to your moving day! Yes, saving those boxes is a great help. 🙏🏽🙏🏽

@mariadouglas1980 Жыл бұрын

Pro tip of you want good quality boxes. Get with the IT people at your work. We are always recycling boxes, but willing to save them and help folks needing boxes for moving! 😉

@theirvs793 Жыл бұрын

That's a great idea! Thanks for sharing.

@RosaEstanli 2 жыл бұрын

Also, check out retail stores. They don't mind if you take their boxes. I got a majority of my boxes this way.

@theirvs793 2 жыл бұрын

Hi there, and thanks for watching! Retail/restaurant boxes are definitely great for most moves. In our case, the items were going to be in storage for several months (details in our last video). Therefore, we wanted to pack strategically with the best materials possible. We had to consider how things would stack nicely in a storage unit, keeping away pests, etc. Even though our unit was large and climate-controlled, we wanted to know our stuff was as secure as possible until our house was built. 🙏🏽🙏🏽

@marilynswagg3243 2 жыл бұрын

Love watching your videos!! So I have several questions, did you save money for new furniture? We just built as well, I’m having to put some on cards and I’m not buying all the furniture I need until I finish paying for the ones I bought but it’s difficult because I just want it done. Any recommendations on not getting into more debt?

@theirvs793 2 жыл бұрын

Thank you so much for watching!! As we were waiting on our house to be finished, we continued putting money aside to buy the appliances and main pieces of furniture we would need. Soon after closing, we ordered some of the pieces, and others we waited a few weeks because Black Friday was coming up lol. Even though it’s hard, we are taking the slow road in saving to buy the remaining furniture and decor we want. Our best advice is to identify the exact items you want so 1) you know how much to save and 2) you can keep an eye out for sales on those specific items. For example, recently a $50 vase we’d been wanting was on sale for $19, and we happened to have $20 store credit, so we only paid $0.97 total! 🙏🏽🙏🏽

@lizmeyn6565 2 жыл бұрын

Hi love your videos ! They are very helpful ! I do have a question ,we are closing next week ,our DR Horton home has the pest control tubing in our walls does your home have that ? If so did you use the company ?

@theirvs793 2 жыл бұрын

Thank you so much for watching! Yes, the pest control tubing was installed in our home pre-drywall as well. In our case, the builder paid for 1 year of termite control with that company, so we decided to use them. The builder can tell you the company that installed your tubing, so that you can check out their rates and decide from there. If you receive an orientation/homeowner binder on closing day like we did, the pest control information will likely be found there as well. Congratulations on your new home! 🙏🏽🙏🏽

@lizmeyn6565 2 жыл бұрын

@@theirvs793 do you feel that in the wall tubing is something really works as opposed to the inside spray?

@lakisharuffin500 2 жыл бұрын

Thank goodness I don’t have HOA. What about the property tax supplement?

@theirvs793 2 жыл бұрын

Great question! We pay a few hundred extra each month to account for property taxes that aren’t currently calculated into the mortgage. Your lender can tell you how much extra you should be paying during that first year of your mortgage.

@lakisharuffin500 2 жыл бұрын

@@theirvs793 thanks so much I will definitely ask my lender! I just finally decided on the lender Im going with their lender not trying to give me a better deal overall

@brem3386 Жыл бұрын

DR Horton sucks. I bought a new home in Houston from them and I have been having landscaping, and air conditioning thumping. They built these homes too fast.

@theirvs793 Жыл бұрын

Hope they get those fixed for you!