Transitioning from renting to owning a home is an exciting milestone, but it’s crucial to anticipate the additional expenses that come with homeownership. Beyond the mortgage, you’ll need to budget for:
*Property Taxes: These vary by location and can fluctuate based on assessments. Need help estimating? Contact me, I can help.
*Homeowners Insurance: Protects your investment but can be higher than renters insurance. Get some quotes, I have great insurance agent referrals to give you.
*Maintenance and Repairs: Regular upkeep and unexpected fixes are now your responsibility.
*Utilities: Costs may increase with a larger space.
*Homeowners Association (HOA) Fees:
Understanding these expenses ensures a smooth transition to homeownership.
For a comprehensive breakdown, visit Realtor.com.
Over 6 years, I’ve been a multi-million-dollar top producer with topnotch marketing, sales, and—above all else—a vast network and resources to achieve your real estate goals. I am a second generation Sarasotan and I love this city! I have since learned the intricacies of each neighborhood, each having its own unique and interesting history. Real estate is my true passion and I have built lasting relationships with many happy and satisfied clients. Let me be your local expert and help guide you through the market and process I know best. Let’s get on a call if you or someone you know is interested, my direct line is 941-284-0283.