When figuring out how much home you can afford, you need to account for the costs associated with getting into your home.
These can include the cost for repairs that need to be made before you can occupy your residence. There may also be the cost of purchasing appliances, such as a washer and dryer, refrigerator, or stove.
The bottom line is you do not want to spend all your money on purchasing the home and not have any left to pay these types of costs.