Home insurance (also known as property insurance) covers any damage related to the home, inside and out. If you’re a first-time home buyer, you likely have never bought home insurance before. But if you do happen to have insurance on a current property and want to transition, you technically will have to cancel your old policy first. That being said, the cost may vary between policies since each property will likely have differing square footage, age, additional structures, and more. While you can stay with your current insurer, this is probably the best time to shop around for a new and better rate. You never know how much you could be saving on your premium with a different provider.

Utilities and Taxes: Only if Applicable
You may have to reimburse the previous owner for utilities or taxes if they were paid beyond the closing date. Referred to as adjustments, they include hydro, water and property taxes. 

Moving Costs
Moving costs vary, depending on your personal preferences. Although it can be stressful, you can save a lot of money if you take the do-it-yourself route. But don’t forget to include the cost of a rental truck, if necessary. Alternatively, you could hire a moving company to do the work for you. Again, costs vary, depending on whether or not you want them to pack for you, or simply move your belongings.