can tend to fade into the background when compared to the excitement. However, every homeowner will attest to the fact there are always some details that spring up as a surprise while in the midst of a purchase or after the fact. A very common not-so-pleasant surprise includes the hidden costs of owning a home. Those who wish to buy new homes mistakenly believe that the price quoted by the builder or seller is all there is to consider. Consequently, when the hidden costs arise, the realization hits that the total funds outflow was more than anticipated. The best way to avoid such shocks is by arming yourself with information ahead of time. Here’s a list of additional costs you can expect when you’re buying a new home. Registration fee and stamp duty Every home buyer needs to pay stamp duty to the state government. The amount changes from one state to another but this is over and above the actual price paid to the seller of the home. Maintenance deposits When apartments are sold, the builder (new apartments) or the society (in the case of resale) collects advance deposit on maintenance charges. Maintenance charges usually include the amount required for the upkeep of amenities such as the gym, swimming pools, clubhouse and so on provided within the complex. There are also the monthly maintenance charges to be considered. Sales tax and VAT If you plan to purchase an apartment during the construction stage, you will have to pay sales tax and value added tax to the government. Together, they could cost up to 10% of the cost of the apartment.