The Hidden Costs of Homeownership

You’ve traded in renting for owning. So now what?
You may be surprised to find out that there is more money involved in owning a house than just taking out a home loan and making your monthly payments.

What you weren’t responsible for as a renter becomes all yours as a homeowner. Property taxes, utilities, home maintenance and repairs, insurance and even decorating in any way you choose are all on you now, for better or worse. And if you live in an association or in other types of communities where special property taxes are assessed, you’ll have to contend with that, too.

Let’s break it down.

 

Written By: Diana Lundin. If you would like to continue reading,click here.

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