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    Consider These Costs, Too

    CONSIDER THESE COSTS, TOO

    Buying a home is a big expense. But the purchase price is not the only cost to weigh as you search for a house. Here are some other expenses to take into account.

    TAXES

    Property taxes can take a big bite from your housing budget. Keep in mind that your taxes could vary significantly from prior tax bills on the property. The previous

    owner may have enjoyed exemptions for which you don’t qualify, such as those for seniors or veterans with a disability. Also, a 10% cap on property appraisal values for homesteads will not stay in place when the property changes hands.

    INSURANCE

    Most lenders will require you to obtain homeowners insurance. Even if you pay cash for your home, insurance will protect you from losses due to disasters and accidents. Many factors determine the cost of your insurance, including deductible amounts, whether
    you want—or are required—to get flood coverage, the materials and location of
    the home, and more.

    HOMEOWNER ASSOCIATIONS

    Monthly fees for homeowner associations can be less than $100 or more than $1,000. Before you buy a home in an area with a homeowners association, find out whether the HOA is mandatory or voluntary, what amenities the HOA provides, and how much the fees are.

    REPAIRS, REMODELING, MAINTENANCE

    Many homebuyers make frequent trips to big-box stores after moving in. The cost of new furnishings and remodeling projects can add up quickly. Don’t forget to also factor into your budget any major items in need of repair—like a new roof or AC unit—and the ongoing costs to keep your home in good shape.

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    Testimonials

    When my wife and I moved to San Antonio, the Garza Team were a big help and made the move to San Antonio easy. We were selling our home in Chicago and were worried about our move to San Antonio but Rosa and Jesse worked hard to make our transition as smooth as possible. Working with the Garza Home Team felt like a team effort and my wife and I felt that the Garzas had our back regardless of how hard it seemed at times. Jesse and Rosa were always available and when we called one and they could no…
    Martin Santiago | San Antonio, TX