Insurance and property taxes are unavoidable expenses of owning a home. In fact, to get a mortgage, you're likely going to have to establish that you have homeowners insurance. Factoring this into the total cost of your home is a vital step before you buy anything. There are many good deals out there on the market right now. This makes it tempting to buy into a home that you may not have been able to afford not too long ago. These two factors will have to weigh heavily into your decision to go ahead and make such a move.