No. of Recommendations: 0
What are the other monthly expenses involved in owning a home?

Well Amos,
We recently sold our house and moved back to renting status. There are, of course, plusses for each.

Some additional things to consider are:

1. Homeowner's Association Dues
2. Installing landscape if there is none, or you like to garden (costs are plants, dirt, compost, mulch, edging, more plants when those die, etc. ) Maintenance of landscape adds to your water bill for grass and trees.
3. The distance that you will be moving away from you or your spouse's employment, if it is greater than where you currently live, will add more to your Auto gasoline bill and mileage to your car.
4. You will SPEND more TIME on taking care of your house, usually more time in the warmer months.
5. A Zoned A/C adds lots to your electric. That means you have more than one A/C unit to operate and maintain.
6. You also have to consider all of the great OUTDOOR DECORATIONS. Add another 10% to that decorating bill.

Some expenses are not necessarily of the dollar kind. We have much more time with our kids now that we are not taking care of our "house".

Good luck, shop Foolish!


Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.