Home Ownership- 5 Expenses You Can’t Avoid

Property Taxes– sometimes called an ad valorem tax, is a tax on real estate and some other types of property. Local governments assess property tax, and the property owner pays the tax. The property tax is usually based on the property location and how much it’s worth. This is your home’s assessed value will likely be less than its market value.

Homeowners Insurance– Homeowners purchase homeowners’ insurance for two reasons: to protect assets, such as the building structure and the items inside, as well as to protect themselves from personal legal liability or responsibility for injuries to other people or their possessions while they are on the property; and to satisfy mortgage lenders who typically require homeowners to buy insurance to protect their investment.

Utilities– Utility expenses include electricity, gas, water/sewage and garbage disposal. Sometimes, other services such as internet, cable TV and phone services are considered to be additional utilities since they are now considered standard in most American households. The cost of utilities can vary significantly, mainly based on your location, local climate, your usage habits and the size of your home. Another important factor is the age of your home and it’s energy and water efficiency.

Routine Home Maintenance– a home maintenance is important for every house’s upkeep. Homeowners need to check on your exterior, appliances, heating and cooling, plumbing, security, and electrical systems to help prevent breakdowns, and save money down the road.

Systems and Appliances Breakdowns– Electrical and mechanical breakdowns can happen at any time.
No matter how well you maintain them, causing damage and loss, and requiring repair and replacement.
Purchasing a home warranty will help cover some of those unexpected expenses. GoToFSBO.com has worked with some of the best home warranty companies over the years and can help you find that perfect plan.

If you’re looking to buy, sell or protect your home we can help you save thousands of dollars.

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