Clean N Dry Today

Clean N Dry Today

  • Home
  • About Us
  • Residential Cleaning
  • Commercial Cleaning
  • Blog
  • Contact Us

Home Expenses Include Far More Than Just the Down payment

December 1, 2020 by Clean N Dry Today

Home Expenses Include Far More Than Just the Down paymentIf you are thinking about purchasing your first home in the near future, then you need to be aware of the costs that you are going to take on. When you are looking at the cost of a home, it is very tempting to focus on the sticker price of the home. Even though the down payment is going to be the largest check you are going to write, this is not the only cost that you are going to pay.

There are numerous other costs for which you need to budget as well. By thinking about all of these costs ahead of time, you can make a smart financial decision for you and your family.

Think About The Real Estate Taxes

Depending on the part of the country in which you live, real estate taxes can be significant. For example, it is not unusual for even a modest home to cost thousands of dollars in real estate taxes per year. Therefore, even though you have budgeted for your monthly mortgage payment, make sure that you have budgeted for real estate taxes as well. Usually, your mortgage lender is going to hold your real estate taxes in escrow for you so you don’t end up having to write a large check at the end of the year.

Homeowners’ Insurance And Utility Costs

In addition, you also need to think about homeowners’ insurance and utility costs. Some of the utilities that you have to pay for include internet, phone, cable, gas, electricity, and water. When this is added to your homeowners’ insurance expenses, this can also add up to several hundred dollars per month. Therefore, make sure that you can afford not only the mortgage payment but these recurring monthly expenses as well.

Budget For Your First Home Accordingly

Some of the other expenses that you might have to incur when it comes to your first home include maintenance and repair bills. Therefore, you should make sure that you sit down with an experienced planner and ensure that you can afford the combined expenses. Otherwise, you might end up being priced out of your first home before you realize it.

 

Filed Under: Real Estate Tips Tagged With: Down Payment, Expenses, New Home

Connect with Us!

Service Areas
Discounts
5 Reasons
Emergency Service
CC Accepted

100% Guarantee!

Clean N Dry Today Guarantee
If you for any reason you’re not completely thrilled by our cleaning or our service for any reason just call us within 14 days of the original cleaning date and will rush back out free of charge and re-clean any and all areas of concern no questions asked!
Our mission is to provide you with the Deepest, Driest, and Most Effective Cleaning Ever!

Want us to Contact you?

  • This field is for validation purposes and should be left unchanged.

100% Guarantee

If you for any reason you’re not completely thrilled by our cleaning or our service for any reason just call us within 14 days of the original cleaning date and will rush back out free of charge and re-clean any and all areas of concern no questions asked! Our mission is to provide you with the Deepest, Driest, and Most Effective Cleaning Ever!

Recent Articles

  • What’s Ahead For Mortgage Rates This Week – February 6, 2023
  • 3 Reasons Why Buying an Investment Property Is the Best Way to Build Your Net Worth
  • S&P Case-Shiller Home Price Indices: Home Prices Fall In November

Connect with Us

Copyright © 2023 · Powered by MySMARTblog