What are the cost of owning a home?
“Monthly costs of owning a home depends greatly on the size, age and location of the property. Things you might want to consider are: property tax, hydro, water, insurance, cable, phone, maintenance around the house, mortgage payments. What is not to be ignored is the age of the property. You should also calculate a reserve fund for when things go wrong and need replacement. All systems have expiry dates bv: roofs and furnaces, appliances etc., Take a certain percentage of the value of your property to put into your house to keep the property up to speed. Hope this info helps you !
Tags: budgeting, Home maintenance, Tips
