{"id":13052,"date":"2019-07-16T15:15:12","date_gmt":"2019-07-16T22:15:12","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13052"},"modified":"2019-07-04T09:49:46","modified_gmt":"2019-07-04T16:49:46","slug":"breaking-down-the-hidden-costs-of-owning-a-home","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/07\/breaking-down-the-hidden-costs-of-owning-a-home\/","title":{"rendered":"Breaking Down the Hidden Costs of Owning a Home"},"content":{"rendered":"<p style=\"text-align: justify;\">When you purchase a home, the price tag on the house isn\u2019t the only number you\u2019ll have to face. What catches many homeowners off guard and ends up causing them to be housebroke is the additional hidden fees you don\u2019t notice right away.<\/p>\n<p style=\"text-align: justify;\">Owning a house is expensive, even if you purchased a property at a really good price. If you can prepare yourself for the hidden costs and save up for them though, you can better protect your bank account, enjoy your new home, and still have money to enjoy life.<\/p>\n<p style=\"text-align: justify;\">Before you purchase your next home, take a look at some of the hidden costs that you\u2019ll come face-to-face with.<\/p>\n<p style=\"text-align: justify;\"><strong>Property Taxes<\/strong><\/p>\n<p style=\"text-align: justify;\">Property taxes, although we know that they are there can still catch a homeowner off guard. You pay them yearly, which can be either a blessing or a curse. The average property tax across the country is just under $5,000. Paying that only once a year allows you to save up over time. However, it\u2019s easy to forget about and not have enough set aside when it\u2019s due.<\/p>\n<p style=\"text-align: justify;\"><strong>Yard Maintenance<\/strong><\/p>\n<p style=\"text-align: justify;\">You won\u2019t find the price for yard maintenance on the asking price of your property. Instead, it all comes down to what you want to do with it.<\/p>\n<p style=\"text-align: justify;\">Yard care is a hidden cost that you can dictate, depending on the type of maintenance you want to do. If you hire someone to cut your yard on a weekly basis, you could be looking at over $30.00 a week for this service, and that doesn\u2019t include other services like aeration, weed control, and fertilizing. Compare prices in Phoenix, AZ for yourself here.<\/p>\n<p style=\"text-align: justify;\">Even if you plan on doing all of the yard work yourself, you still have to spend money (and your time). You\u2019ll need the mower, weed control products, and fertilizer.<\/p>\n<p style=\"text-align: justify;\"><strong>Home Insurance<\/strong><\/p>\n<p style=\"text-align: justify;\">Home insurance is a necessary cost that can catch people off guard, especially first-time home buyers. Your home insurance, though, is what will protect you if something happened to your house. The price of your insurance will come down to many factors, including where you live, if the area is prone to disasters, and the size of your house.<\/p>\n<p style=\"text-align: justify;\"><strong>House Upkeep<\/strong><\/p>\n<p style=\"text-align: justify;\">Even a brand new house will have some upkeep you should budget for. Something will eventually break, you may want to change the appearance, or even purchasing a new decoration to boost the look of the property, these are all house upkeep examples that you\u2019ll pay at one point or another.<\/p>\n<p style=\"text-align: justify;\"><strong>Cleaning<\/strong><\/p>\n<p style=\"text-align: justify;\">You need to clean your house, there\u2019s no other way to put it. For the health and safety of everyone inside it, having a regular cleaning routine is essential. No matter how often you do clean your home though, you still have to get cleaning products and supplies to do it. From the vacuum to a mop to bathroom cleaners, all of these purchases add up over time.<\/p>\n<p style=\"text-align: justify;\"><strong>Your Time<\/strong><\/p>\n<p style=\"text-align: justify;\">The number one hidden cost that you should prepare for is your time. Your new home will take a lot of your time every year. If you bought a house you love though, then typically, this hidden cost isn\u2019t that much of an issue. However, it\u2019s easy to underestimate how much time your property will actually take away from you.<\/p>\n<p style=\"text-align: justify;\">Prepare yourself for the hidden costs of owning a home. Between money and your time, you\u2019ll likely have to deal with each of the points above at some point.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/breaking-down-the-hidden-costs-of-owning-a-home\/98754790\/\" target=\"_blank\" rel=\"noopener noreferrer\">Breaking Down the Hidden Costs of Owning a Home<\/a> by Jamie Richardson | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you purchase a home, the price tag on the house isn\u2019t the only number you\u2019ll have to face. What catches many homeowners off guard and ends up causing them &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/breaking-down-the-hidden-costs-of-owning-a-home\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-13052","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Breaking Down the Hidden Costs of Owning a Home &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/07\/breaking-down-the-hidden-costs-of-owning-a-home\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Breaking Down the Hidden Costs of Owning a Home &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"When you purchase a home, the price tag on the house isn\u2019t the only number you\u2019ll have to face. What catches many homeowners off guard and ends up causing them &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/breaking-down-the-hidden-costs-of-owning-a-home\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/breaking-down-the-hidden-costs-of-owning-a-home\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Breaking Down the Hidden Costs of Owning a Home\",\"datePublished\":\"2019-07-16T22:15:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/breaking-down-the-hidden-costs-of-owning-a-home\\\/\"},\"wordCount\":616,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/breaking-down-the-hidden-costs-of-owning-a-home\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/breaking-down-the-hidden-costs-of-owning-a-home\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2019\\\/07\\\/breaking-down-the-hidden-costs-of-owning-a-home\\\/\",\"name\":\"Breaking Down the Hidden Costs of Owning a Home &#8226; 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