The hidden costs of Atlanta homeownership
If you're anything like me, the thought of owning your own home can be both exhilarating and overwhelming at the same time. There is so much to think about.
On the one hand, you're excited about having a place to call your own, but on the other hand, there's so much to consider when it comes to the costs associated with homeownership here in the City of Decatur, especially since many of the homes where built from the 1930’s and after.
Let me tell you a story about a first-time homebuyer in Atlanta named Amelia.
She found a beautiful house in Decatur that was within her budget and signed the papers without giving much thought to the other costs associated with homeownership.
A few months into living in her new home, Amelia started to notice things that needed fixing - a leaky roof, a malfunctioning water heater, and a yard that needed professional landscaping.
She quickly realized that owning a home came with a lot more expenses than just her monthly mortgage payment.
Amelia wished she had done more research before buying her home, but she didn't know where to start. That's where I come in as your local Decatur real estate agent.
For example, property taxes can be a significant expense that many first-time homebuyers overlook...
In some areas, property taxes can be as high as 2-3% of the home's value.
That means if you buy a $300,000 home, you could be paying up to $9,000 a year in property taxes alone.
Other expenses to consider include homeowner's insurance, home maintenance and repairs, HOA fees, utility bills, major appliance replacement, and home upgrades and renovations.
As your real estate agent, I want to ensure that you have a complete understanding of all the costs associated with homeownership. Don't let the uncertainty of hidden costs hold you back from owning your dream home. Contact me today, and we can go over all the hidden costs of homeownership and how to plan for them.
That's why I wanted to take a moment to talk to you about some of the hidden costs you should be aware of before taking the plunge.
“As a real estate agent, I’ve seen many first-time buyers who are caught off guard by the unexpected expenses that come with owning a home.”
I understand that this can be overwhelming, but don't let uncertainty hold you back from your dreams of homeownership here in Atlanta. As your real estate agent, I'm here to help you navigate these hidden costs and ensure that you're prepared for all the expenses that come with owning a home.
So, if you're ready to learn more about the various expenses you'll face as a homeowner and how to plan for them, let's connect! Contact me today and we can go over all the hidden costs of homeownership together.
