09/10/2021
What do you get excited about when buying a house? 🏠
Paint? New sofa? The perfect vanity mirror?
Before you get to the fun stuff, it’s important to think about the costs of buying a house and I’m not talking about the purchase price! 💲💲💲
Here are 4 costs you should consider before buying a home:
✅ COST OF TRAVEL
Your home is your starting point for everywhere you go. How much time does it take to get to work? Where is the nearest grocery store? If you drive, add fuel costs and travel time to your considerations. Are public transit options nearby? Can you walk or bike to your destination?
✅ COST OF INSURANCE
Insurance helps protect your property when something bad happens. Homeowners insurance is a good start: It typically covers certain types of damage to your home, your belongings, liability, and expenses if displaced. Consider additional policies based on where you live. Do you need flood or earthquake insurance?
✅ COST OF LIVING THERE
The expenses don’t end after you move in. Some properties May have more costly utilities and upkeep. If your property is part of a homeowners association, factor in its dues. And don’t forget property taxes.
✅ COST OF REPAIRS AND MAINTENANCE
Landscaping and yard maintenance costs can add up. So can repairs and replacement of items like roofs and AC units.
When you plan ahead- you can get on with the good stuff! ⚡️ ☀️ 🌵 🛀 👑
