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Top 5 Hidden Costs of Buying a Home in Orange County

Brett & Dane Smith May 3, 2025

Buying a home in Orange County? Don’t let unexpected costs catch you off guard. Beyond the purchase price, here are 5 hidden expenses every buyer should prepare for:

1. Closing Costs
Typically 2–5% of the home’s price, these include lender fees, title insurance, escrow fees, and more. On a $1.5M home, that’s up to $75,000.

2. Property Taxes & Mello-Roos
Certain communities have added taxes like Mello-Roos. Be sure to review the property’s full tax breakdown, especially in new developments.

3. Home Inspections & Appraisals
Standard inspections range from $400–$800, but specialized ones (like mold or sewer) can add hundreds more. Appraisals are usually required by lenders and can cost $500+.

4. Repairs & Renovations
Even move-in ready homes may need fixes. Budget for minor repairs, new paint, or updated fixtures — especially in resale properties.

5. HOA Fees
Gated or planned communities often come with monthly HOA dues. These can range from $100 to over $800 depending on amenities and location.

Pro Tip: Work with an experienced local realtor who can help you understand the full financial picture. Reach out to our team at Notch Luxury Properties for expert guidance.

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As leading experts in Laguna Niguel, Dana Point, San Juan Capistrano, and the wider Orange County real estate market, Notch Luxury Properties specializes in assisting clients with buying or selling their homes. Whether you're in the market to find your dream home or looking to sell your property, our team of professionals is here to provide unparalleled expertise and guidance. Trust Notch Luxury Properties to navigate the intricacies of the local real estate landscape and help you achieve your goals. Contact us today to experience the exceptional service and results that set us apart in the Orange County market.