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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!

robin


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