Real
Estate Matters with Tim Bro
5 Expenses
Homeowners Overlook
For many people, a house is the biggest asset
you’ll ever acquire. And whether you’re a first-time homeowner or you’re investing
in another property, you’re bound to end up facing some unforeseen expenses.
Here are five expenses homeowners tend to overlook:
1.
Property Taxes
Be prepared to pay property taxes. Your home’s
assessed value is multiplied by the tax rate to determine your property taxes.
Tax rates are decided by the governing authority of the jurisdiction where the
property is located.
2.
Homeowners Association Fees
You become part of a community whenever you
move into a new home or condominium. Often times, there are fees associated
with the maintenance and general upkeep of shared common areas.
3. Insurance Premiums
Homeowners insurance typically covers personal
possessions, liability for injuries that take place on your property, and the
construction of your house. Supplemental policies are available if you live in
an area prone to natural disaster.
4. Repair
and maintenance expenses
You’ll need money to keep your yard, gutters,
carpet, and everything in between in tip-top shape. Repairing or replacing
roof, furnace or air conditioner can be expensive and at some point, you might
have to deal with plumbing issues or purchase new appliances.
5. Pest
control costs
Over time, all sorts of critters – like
termites, ants, spiders, and rodents – might enter your home. Your house may
need to be fumigated depending on how serious the problem is.
Having
a home that is taken care of lets you enjoy your house while living there. In
addition, it prevents you from being encumbered with additional costs when
you’re ready to sell it.
To
get started with your home sale or purchase, call Tim Brodowski @ 858-354-2354,
Global Luxury Home Specialist.
DRE# 01224576
No comments:
Post a Comment