why the extra costs of owning a home are lower than consumer expectations - air cleaner filter

First-
Time buyers tend to worry about the extra cost of owning a house, and worry that day-to-day maintenance and repairs will increase quickly, exceeding their original budget.
However, their estimates of replacing air filters, trimming lawns and minor repairs tend to be much higher than the average cost.
It is difficult for consumers to estimate the actual amount and say they will spend $15,070 a year on home repairs, according to a recent survey by NeighborWorks America, Washington, D. C. C-
Organization focusing on affordable housing.
Douglas Robinson, spokesman for NeighborWorks America, said the actual amount is more likely to be in the range of 1% to 3%, that is, $2,000 to $6,000 nationwide.
Even some homeowners are now estimated to be above average, with maintenance costs expected to be $12,360.
The current view of renting r is even worse, with a forecast of $20,503.
"The important thing to keep in mind when buying a house is that the cost after buying a house exceeds the monthly mortgage," he said . ".
"By making savings plans and budgets for these costs-such as landscaping, air conditioning and heating system maintenance-homeowners can better afford to pay without using a credit card, or worse, without a credit card
Emergency loans.
"The first is the budget for insurance, taxes and association expenses. . .
Once you take into account the larger costs of homeowner insurance, property taxes, and homeowner association fees, it is not difficult to list the costs and maintenance costs you need to save.
The biggest costs consumers will incur include homeowner insurance, which averages $850 across the United States. S.
Steve Joung, CEO of Chicago Pangu real estate, said
The headquarters is located in apartment building operators.
He said: "In view of the current national price median in 200,000 dollars of low property insurance of annual cost about is real estate value of 1% of half . ".
Brent Adams said one way to measure homeowner insurance costs is that it tends to be related to renting r insurance costs, senior bank officer at Buckhead private bank in Atlanta.
"The average annual home ownership policy in Georgia is less than $1,000, but this varies greatly depending on the value, type of property and your level of insurance," he said . ".
"Homeowner insurance is a budget item and you will determine in advance because the lender needs proof of insurance. ” First-
When Home Buyers count the total property tax each year, they may face a considerable sticker impact, but this is an opportunity for consumers to cut taxes substantially and avoid paying more money to the IRS.
"The property tax is completely deducted from the dollar-for-
Adam Reese, certified public accountant and CEO of Atlanta, said: "The dollar is deducted item by item as a federal and state income tax return
Headquartered in Administrivia, an accounting and IT solutions company.
"This is a major tax savings for most people.
This is effectively reduced. of-
Housing costs for homeowners.
Maintenance costs. . .
If you buy a fixed upper or old house, you can expect to spend thousands of dollars on the renovation process for many years, and the new house is unlikely to need immediate after you move in.
A good rule of thumb, Adams says, is to save up to 4% of house value every year for maintenance and repair.
He suggested that "skipping maintenance issues in the short term will cost you more in the long run . ".
If your personality is right for you
You can consider maintaining the lawn or shoveling it yourself as you can easily save hundreds of dollars a year.
If you're going to do it yourself, then be prepared to "come up with some cash in advance to buy equipment like lawn mower," Adams said ".
"Lawn care and maintenance can be an external card," he said . ".
"Get some estimates because it can cost between $35 and $100 or more to have a service do a basic trim.
"While home emergencies seem to be rare, homeowners should be prepared every year to deal with at least one unexpected major emergency, such as replacing boilers or roofs after a major storm, or basement flooding, need to pump water immediately to protect Foundation David Rice says law professor at Brooklyn Law School
When these problems arise, the establishment of an emergency fund will help protect homeowners so that consumers are not forced to switch to more expensive debt options such as credit cards.
"If the homeowner has an emergency fund, he or she will feel like a genius when using it," he said . ".
"The next step, of course, is to start saving money immediately for the next issue, because as most homeowners know-the next one will come up.
"Some homeowners may find that long-term problems like leaking roofs are more serious than" serious problems with boilers in the winter, "Reiss said . ".
"This is because we will do everything we can to turn the heating back on," he said . ".
"But we learn to endure the occasional leak and finally feel like we can ignore it.
However, water is bad for damage to the House and will always get worse.
"As rents continue to rise across the country, buying a house means you can at least estimate the annual housing spending," Rimes said.
"The ability to plan your housing costs is the key to the long term --
"Financial Planning," he said . "
"The dream of owning a house is still a financially wise decision.
Long and other benefits-
The long-term appreciation of value far exceeds the negative impact of house ownership.