Calculating The Cost Of Homeownership

    If you’re in the middle of your home search, you already know that there are many factors that affect a property’s price, how much a bank will lend you, and how much your monthly payments may be. But areyou aware of some of the other costs of homeownership? Fortunately, they aren’t so high that you should be scared away from purchasing a home. Even so, a smart homebuyer should consider these extra costs that may arise.
    Even though “Radiant Orchid” is the color of the year, you don’t want it on your walls.
    One of the advantages of being a homeowner is making decisions about how you want your house to look. That may mean a simple project like painting the walls, one that’s a little more involved like replacing the kitchen faucet, or a big renovation. Putting your special touch on your home is exciting, but it’s not going to be free. Expect to spend money on supplies or labor to make those changes you desire, or to buy that new furniture that is a better fit for your new space.
    When you can’t DIY …
    Another joy of homeownership is learning that you are a lot handier than you expected. But sometimes there aren’t enough YouTube videos to teach you how to make a repair, or it would take you too much time to learn. That’s when you’ll need to hire a professional to handle the job. Even if your house is brand new, expect the unexpected—you may have to shell out some cash to fix problems or keep your house maintained.
    You never needed a lawnmower at your apartment.

    Depending on what kind of property you purchase, you may need some additional tools to help you maintain it. You may not even have a tool kit—if your landlord took care of your repairs, it’s not all that surprising. Yard tools like a rake, lawnmower, shovel, and shears might be something you need to make

    over that flowerbed. And although you might want to spend your money on other items, remember that it’s a lot cheaper to buy a ladder and clean your gutters than replace them because they were ruined from debris.
    Your homeowner friends and family likely have stories they can share about the extra little costs of
    homeownership. A member of the Reyes Signature Properties team is a good source to turn to as well. We can giveyou a good idea of how much repairs might run or what tools you may need to be a savvy homeowner.
    For more information on buying, selling, or leasing your home visit www.ReyesSignatureProperties.com.

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    RJ Reyes

    Out of college my plan was to be a teacher and coach, but that changed after purchasing my first home. My real estate agent guided me through the home buying process and looked out for me every step of the way. She demonstrated that being a Realtor® was about so much more than selling homes; it was an opportunity to help others. It did not take me long to realize that my first home was an amazing investment, and I was excited to share what I had learned with others. I obtained my real estate license shortly after closing on my first home and have been a full time Realtor® ever since. My career in real estate has enabled me to take the talents that I was given by God, teaching and coaching, and use them to make a difference in the lives of my clients. I am driven by my passion for real estate and my love for helping others. I see every opportunity to learn something new as a way to better help my clients, and my extensive education over the years has laid a strong foundation to my success.

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