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

    Well, we are writing this review as New Home Owner’s! We started looking for a Home almost 5 months before finding Jesse. My wife was getting frustrated with the former Realtor and his lender. With all things Magical and too good to be true, we somehow were steered by time and fate to Jesse. He is a very upbeat and positive person, and from the start my Wife and I felt comfortable working with him. He is very knowledgeable and we knew in our hearts that he had our best interests in mind. On th…
    Warren Sayles | San Antonio, TX