The hidden costs of running a home

This is a contributed post.

Image source: https://unsplash.com/photos/cuZEzaryFjE

It’s no secret that running a house costs money. A lot of money. And it always seems like we’re trying to find out new ways to reduce our costs and just make sure that the money we do spend goes a long way. And for a very good reason. Because as much as we want a nice house to live in, and as much as it’s good to be able to feel comfortable at home, we don’t want all of our cash to be spend on keeping things going. And that’s the thing about money, you tend to learn what works out best for you as you go along. However, at the same time, there are always so many costs that you don’t always think about. These are the costs that aren’t always consistent, that are one-offs, or just something you didn’t really know about in the first place. So let’s break them down.

Homeowners Association Fees

Kicking off, we have homeowners association fees. Now, the chances are that you won’t forget that you’re apart of the homeowners association, but you may not really think about the fees. Maybe you don’t know that you’re expected to pay them when you first move into your property? Maybe the realtor didn’t tell you? Or maybe you’ve just forgotten what month they’re due when your first year is up? As a rule, mark this in your diary and keep on track of things.

Buying Or Selling Fees

Next, you have the fees that you need to factor in when you’re buying a house or selling yours. This can be an array of things, but you will want to shop around. From a cheap conveyancing solicitor to a contractor friend that can do those final renovations for you. You need to make sure that you’re aware of all the costs you’ll need to pay and be factored into your business.

Servicing Costs

From here, you’ve also going those annoying service costs that you never really remember to pay. Well, you, of course, pay them, but you forget that you need the service. Whether it’s a yearly boiler service, checks on your electrical appliances, or your pool cleaning, there’s a lot that can come up. For this, creating a home maintenance budget might be a great idea for you.

External Maintenance

As a step on from that, there’s also external maintenance to think about. Because you always want to make sure that your yard looks tidy, but the cost is something that you can forget about. Again, a monthly or yearly fund can help you here. Because from lawn care to window cleaning, you need to stay on top of this if you want your home to have curb appeal.

Seasonal Costs

And finally, probably the one thing that we all tend to forget about until that time of year comes around again, and that’s seasonal costs. Because the cost of running a home is never steady. You’ll have heading increases in winter, A/C for summer, and then things like patio cleaning or party supplies in the summer.

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