Celebrate Valentine’s Day with a Candlelight Concert Dinner in Los Angeles | February 14-15, 2025 The Biltmore Los Angeles - 506 S Grand Ave, Los Angeles California Make this Valentine’s Day unforgettable with the enchanting ambiance of a Candlelight Concert Dinner in The Biltmore Los Angeles, featuring music from Romeo and Juliet with a string quartet. These special performances combine live music with romantic settings illuminated by the glow of candlelight. Here’s why you should attend: Romantic Atmosphere: Enjoy an intimate evening surrounded by the warm glow of thousands of candles, creating the perfect Valentine’s vibe. Incredible Music: Listen to talented musicians performing iconic love songs and romantic classics, making the night magical. Perfect Date Night: Treat your special someone to an unforgettable evening of music and romance that’s sure to impress. Memorable Experience: A night filled with music and love that will leave a lasting impression for years to come. Source: https://feverup.com/m/145935?utm_source=google&utm_medium=organic&cp_smn_source=secretlosangeles&cp_smn_content=valentines-day-los-angeles&cp_smn_term=text_cta_6 Don’t Miss Tyler, The Creator Live at Crypto.com Arena | February 14-21 2025 Crypto.Com Arena | 111 S. Figueroa Street, Los Angeles California Get ready for an electrifying night as Tyler, The Creator takes the stage at Crypto.com Arena! Known for his innovative sound, boundary-pushing lyrics, and unforgettable performances, this is a concert you can’t afford to miss. Here’s why: Chart-Topping Hits: Sing along to Tyler’s biggest tracks, including “EARFQUAKE,” “See You Again,” and “Yonkers.” Unforgettable Energy: Tyler’s live performances are packed with raw emotion, high energy, and one-of-a-kind stage presence. Stunning Visuals: Experience a visually immersive show with creative stage designs and jaw-dropping effects that perfectly complement his music. New and Classic Tracks: Hear songs from his latest album alongside fan favorites from his groundbreaking career. Iconic Venue: Enjoy the show at the world-class Crypto.com Arena, offering a top-tier concert experience in the heart of Los Angeles. Source: https://www.los-angeles-theatre.com/shows/cryptocom-arena/tyler-the-creator Lunar New Year at Disney California Adventure Park | Until Feb 16 2025 Disney California Adventure Park, Anaheim California

Purchasing a home is one of the most significant financial decisions a person can make, and the process can feel overwhelming, especially when it comes to saving. While many people focus on the down payment, there are numerous additional costs to consider when preparing for homeownership. Understanding what to save for will help potential buyers better prepare financially and avoid surprises along the way. Here’s a comprehensive guide to the essential expenses every homebuyer should factor into their savings plan. 1. The Down Payment The down payment is often the first thing that comes to mind when thinking about home buying expenses, and for good reason—it’s one of the largest upfront costs. Typically, the down payment will range from 3% to 20% of the home’s purchase price, depending on the type of loan you choose and your financial situation. Conventional Loans : For a traditional mortgage, most lenders require a down payment of at least 20%. However, there are options that allow for lower down payments, such as 3% for first-time homebuyers or 5% for a typical buyer. FHA Loans : If you are a first-time homebuyer or have a less-than-perfect credit history, you might consider an FHA loan, which allows for a down payment as low as 3.5%. VA Loans : Veterans, active military personnel, and eligible surviving spouses may qualify for a VA loan, which often requires no down payment at all. While a larger down payment can reduce your monthly payments and help you secure a lower interest rate, it’s crucial to balance this goal with other financial needs, such as closing costs and emergency savings. It’s important to be realistic about how much you can comfortably save while still meeting other financial goals. 2. Closing Costs Once you’ve saved for the down payment, don’t forget to account for closing costs. These expenses occur at the end of the buying process, typically at the closing table when you sign the official paperwork to finalize the sale. Closing costs can range from 2% to 5% of the home’s purchase price, and they cover a variety of fees, including: Lender fees : These fees cover the cost of processing your loan application and any associated paperwork. Appraisal fees : Lenders often require a professional appraisal to determine the home’s value before approving your loan. Inspection fees : A home inspection is essential to identify potential issues with the property before finalizing the deal. Title insurance : This protects you and the lender against any legal issues that may arise with the property’s title, such as unresolved ownership claims. Attorney fees : In some states, hiring an attorney for the closing process is required. Escrow fees : These fees are for the services of a third-party company that ensures the transaction is handled fairly and securely. While it’s easy to focus solely on the down payment, homebuyers should also factor in these additional costs and make sure they have enough saved up to cover them without sacrificing other financial goals. 3. Home Inspection and Appraisal Before buying a home, you’ll need to conduct a home inspection and appraisal. These are both essential steps in the home buying process, as they help ensure that you’re making a wise investment. Home Inspection : This is an important step in identifying any underlying issues with the property. The cost of a home inspection typically ranges from $300 to $500, depending on the location and size of the home. The inspection can uncover problems such as plumbing issues, roofing concerns, or electrical problems that may require costly repairs. Some buyers may even request additional inspections, such as pest inspections or mold assessments, which come with extra costs. Appraisal : Lenders require an appraisal to ensure that the home’s value justifies the loan amount. Appraisals typically cost between $300 and $600. If the home’s appraised value comes in lower than the agreed-upon purchase price, you may need to negotiate with the seller or cover the difference yourself. Both of these steps are crucial in making an informed decision, and homebuyers should be prepared to pay for them upfront. The cost of these services should be considered as part of your overall savings plan. 4. Property Taxes Property taxes are an ongoing cost of homeownership and can vary greatly depending on your location. Some states or counties have higher property taxes than others, which can impact your monthly mortgage payments. Property taxes are typically collected by the lender as part of your monthly mortgage payment and placed in an escrow account until they’re due. When buying a home, it’s important to research the property tax rates in your area. Understanding how much you’ll owe each year can help you budget for this recurring expense. In some cases, your lender may require you to prepay a portion of the property taxes at closing. 5. Homeowners Insurance Homeowners insurance is required by lenders to protect the property in case of damage or loss due to accidents, theft, or natural disasters. The cost of homeowners insurance varies depending on factors such as the location, value of the home, and coverage limits. Typically, homeowners insurance costs anywhere from $500 to $1,500 per year, depending on the home and its location. Many lenders require you to pay for your first year of insurance upfront at closing. It’s important to shop around for the best rates and coverage to ensure that you’re adequately protected in the event of an emerge ncy. 6. Moving Expenses Once you’ve bought your home, you’ll need to plan for moving costs. Moving can be expensive, and the cost can add up quickly depending on how far you’re relocating and how much stuff you need to move. Some of the common expenses include: Hiring a moving company : Hiring professional movers can cost anywhere from $500 to $2,000, depending on the size of your home and the distance you’re moving. Packing supplies : Boxes, tape, bubble wrap, and other packing materials can add up to several hundred dollars. Cleaning and repairs : Before moving in, you may need to clean the house or make minor repairs. Setting aside funds for these tasks can help ensure your move is smooth. 7. Home Maintenance and Repairs Finally, it’s essential to budget for home maintenance and repairs. Owning a home comes with ongoing upkeep, including things like lawn care, HVAC maintenance, roof inspections, and plumbing repairs. Setting aside a small emergency fund for home repairs can help prevent you from being caught off guard when issues arise. A good rule of thumb is to set aside 1% of the home’s value each year for maintenance and repairs. If your home is worth $300,000, that means setting aside $3,000 annually for upkeep. 8. Incorporate Multifunctional Furniture For small spaces or homes that need to maximize functionality, multifunctional furniture is a game-changer. Items like storage ottomans, coffee tables with hidden compartments, or sofas with built-in storage help optimize space while keeping your home organized. Choose pieces that serve dual purposes to avoid overcrowding and maintain a tidy, uncluttered look. Dining tables that double as workstations or storage benches that also function as seating provide both practical storage solutions and style. Multifunctional furniture is especially important in homes where space is limited, making it easier to keep everything organized while maintaining an attractive living space. Final Thoughts Buying a home is an exciting but costly endeavor, and understanding the full scope of expenses can help you be better prepared. While saving for the down payment is important, it’s equally vital to budget for closing costs, inspections, property taxes, insurance, and other ongoing expenses. By planning ahead and saving for these costs, homebuyers can ensure a smoother transition into homeownership without the stress of unexpected financial burdens. If you’re considering buying a home, it’s always a good idea to speak with a financial advisor or real estate expert who can help guide you through the process and provide tailored advice based on your specific situation. With proper planning and savings, you’ll be well on your way to achieving your dream of homeownership. Source: https://www.keepingcurrentmatters.com/2025/01/09/what-to-save-for-when-buying-a-home/