Determining how much home you can afford takes some number crunching. Sure, you should look at the listing price -- but that's only one part of the equation. In reality, there are dozens of other expenses you'll face as a homeowner. So what should you consider when budgeting for a home purchase? These expenses are a good place to start:
Moving expenses: Whether you're moving cross-country or down the street, you'll likely have some moving costs to cover -- truck rentals, movers, storage or even just boxes and tape. Make sure to budget for these items up front.
Repairs and maintenance: From a broken dishwasher to a leaky roof, there's often something that needs fixing when you own a home. Likewise, ongoing maintenance, like lawn care, should be budgeted for.
It's important to understand the full scope of a home's cost -- both now and over time. Make sure you have a clear picture of what you can and can't afford.