Hidden Homeowner Costs to Consider - Temecula Insurance Agency - Carver for Auto, Home, Life & Health

Hidden Homeowner Costs to Consider

Hidden Homeowner Costs to ConsiderFinding the perfect home may be a bit more expensive than you think, so it is important to remember the hidden costs of homeownership.

You may think you have finally got the price you wanted for the home you are looking to buy. Then, come escrow time and beyond, you see some new numbers and additions you did not expect. These extra costs are the extra costs of buying a home that not many people ever expect. They are things like processing fees, underwriting fees, commission fees, among other things. When you buy a home, make sure that you keep these hidden homeowners costs in mind to be prepared.
  1. Property Taxes – Nobody likes to pay taxes, and property taxes can feel like a real punch to the face. There are a number of things that go into property taxes like municipality and the value of said home. Home value is concluded by a home assessment and consider the location, how much it would cost to replace, and how much the owner might make if they sold the home.
  2. Interest Rates on Mortgage – Many mortgages that people are accorded are 30-year fixed rate mortgages that lock in a fixed interest rate. The thing is that many people don’t actually stay in their home for 30 years, which means they could be paying more than is necessary. Consider how long you will stay in this home, and get the appropriate mortgage to go along with your plans.
  3. Preventative Maintenance – Homeowners insurance does not cover issues that are preventable. So plumbing that has been eroding for years, or a water boiler that’s been on the futz for some time now – both things that can be prevented – will not be covered. It’s important that you keep these machines well-maintained to save money in the future.
 Contact the insurance professionals at Carver Insurance Services, Inc. for all of your home insurance needs in Murrieta, surrounding areas, and California!

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