Purchasing a home is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don’t forget there will be other costs associated with your purchase then the price of the home. Here are 5 fees to keep in mind as you begin to budget.

Home inspection

This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $250 to $600 depending on the home and the location. New Season LLC, my preferred home inspector, has his price list on his website and you can even schedule your home inspection online.


Title services

Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one will pop up with a claim to the property. Additionally, you may need to buy title insurance which will protect the lender or your investment in the home. Lilly Title is who I usually recommend (my clients love them). Give them a call and they’ll answer all your questions and more!


Appraisal fee

Before getting a loan, you will likely be required to get an appraisal of the home to determine its estimated value. This will be conducted by a third-party company and the cost can land anywhere between $300 and $1,000, depending on the size of the home. The lender/mortgage company usually takes care of this and you’ll be charged at settlement.


HOA fees

Many communities have a homeowners’ association that enforces monthly fees. This money is used for general maintenance and updates to areas like pools, parks, and more. Typical HOA fees are around $200 per month. Make sure you request a list of what this fee covers! You will be getting the HOA bylaws plus covenants and restrictions before purchasing the property. Be sure to read it through in case there is something that you can’t live with so you can still withdraw your contract before it goes to settlement and it’s too late!



The taxes each buyer pays at the closing table differ, but it is not uncommon for it to be up to two months’ worth of county and city property taxes. Additionally, there may be taxes for the transfer of the home title.

You can check the local taxes for the property you’re interested in buying in the following sites:

Albemarle County, Virginia
Augusta County, Virginia

Charlottesville, Virginia 
Harrisonburg, Virginia
Rockingham County, Virginia
Staunton, Virginia
Waynesboro, Virginia





RE/MAX Advantage


2017 W Main Street, Waynesboro, VA 22980