Cost Of Home Ownership We Dont Factor In With List Price

Cost Of Home Ownership We Dont Factor In With List Price

When it comes to buying a home most of us get so excited we don't care if we are slap broke as long as we close on a home. Should we think this way? No! There are many costs when it comes to owning a home, but I'll only go over the ones we really don't consider until they are on paper.

  • HOA fees - Consider property tax, and HOA dues along with the list price.

  • Garbage pickup - budget for necessary garbage pickup.

  • Preventative Maintenance - Set aside some money to maintain appliances.

  • Homeowner's Insurance - This will be an average $1,340 according to reviews.com for Alabama.

  • Insurance deductibles - Homeowner's will likely pay a deductible before the insurance company will pay.

  • Natural disasters - Not all insurance companies will cover every natural disaster, so you must set aside some money for these things. (Save for a rainy day, literally.)

It really is best to set aside at least 3 months of living expenses if you are planning to buy a home, according to www.realtormag.realtor.org. Nobody wants to be so broke after their home purchase they are miserable and that's why they want you to be prepared for that.

A good idea when you are searching for your home could be to take note of all the things you are looking for in your home, the yard, and what it may cost to manage or keep up those things. Check with lawn care companies and get a price quote on how much they would charge to care for a yard your size.

Once you have made your list, tally up your estimated cost for your new home, then start setting aside money for those cost. The sooner you start doing this it will make things a whole lot easier and you won't be hit with any unknown cost.


Barbara Day Headshot
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Phone: 334-546-6620
Dated: August 26th 2017
Views: 84
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210 Medical Center Drive
Prattville, AL
404-996-0767
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