8 Items Buyers Need To Add To Their Budgets

Dated: 02/01/2017

Views: 62

8 Items Buyers Need to Add to Their Budgets

DAILY REAL ESTATE NEWS | TUESDAY, JANUARY 31, 2017


Buying a home is much more than just paying a mortgage bill. Once you factor in association fees, property taxes, utility bills, and home maintenance, owners are often facing a much steeper price that is hundreds of dollars more.


Help your buyers get an accurate estimate of how much ownership will truly cost them. Here are a few of the common expenses they’ll want to add to their budget, along with estimations of costs (note: costs can vary dramatically from region to region; prices listed are based on national averages):



  1.  Closing costs: Add in an estimated 2% to 5% of home price.

  2.  Homeowners insurance: Add $1,100-plus per year.

  3.  Homeowners association fees: Add $10 to $575 per month.

  4.  Property taxes: Add $1,000-plus per $100,000 per year.

  5.  Home maintenance and repairs: Add several hundred to several thousand dollars.

  6.  Home furnishings: Add several hundred to several thousand dollars.

  7.  Lawn care and outdoor maintenance: Add $100 to $200 per month.

  8.  Utility bills: Add $180-plus per month.

Source: “From Closing Costs to Association Dues: The True Price Tag of a New Home,” AOL Real Estate (Jan. 25, 2017)

Source: http://realtormag.realtor.org/daily-news/2017/01/31/8-items-buyers-need-add-their-budgets


http://rem.ax/2h4e7EU
#RaulAcunaRealtor
 #RealEstate #TeamRaulAcuna   #homebuyers 


Blog author image

Raul Acuna - CA BRE #01708572

Raul Acuña - Raul has been in the Real Estate Industry since 2005. Raul began working at an REO brokerage before opening his own REO company in 2010. Raul has a business degree from Cal Poly Pomona, ....

Want to Advertise on this Site?

Latest Blog Posts

Are We About To Enter A Buyers Market

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a

Read More

Fall Brings Price Drops For A Quarter Of Homes

Fall Brings Price Drops for a Quarter of HomesShare of homes with price drops reached a record-high in SeptemberSigns continue to point toward a changing market that’s letting homebuyers

Read More

Thinking Of Selling Your Home Why You Need A Pro In Your Corner

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.Real estate

Read More

Coming Soon

Coming Soon!! Horsethief CanyonComing soon to the Horsethief Canyon area. This lovely 3 Bed, 2 bath, home with 1,312 sq ft of living space, on a 8,276 sq ft lot. Will be hitting the market by

Read More