A down payment might be the biggest upfront cost of buying a home, but there are other things you'll need cash for

A down payment might be the biggest upfront cost of buying a home, but there are other things you'll need cash for
tloudenback@businessinsider.com (Tanza Loudenback)
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You might as well go into homeownership as financially prepared as possible. Cavan Images/Getty
Planning for both expected and unexpected costs can make the transition to first-time homeownership smoother.
In addition to the down payment, you might also need furniture, yard equipment, or cash for immediate repairs or renovations.
Beyond the upfront costs, you'll probably spend between 1% and 4% of your home's value on maintenance each year. 
Shoring up a cash emergency fund before you move in is a smart way to build a buffer into your budget.

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