Soaring prices for homeowners insurance, property taxes and utility bills are adding thousands of dollars to the cost of owning a home. The increases come at a time of record-high real estate prices and elevated
“Today’s homebuying market and high housing costs are often daunting enough that many prospective homebuyers consider buying a home with a non-relative roommate,” says Bob Driscoll, senior vice president and director of residential lending for Massachusetts-based Rockland Trust Bank. However, a h...
Some of the additional costs home buyers need to think about besides the mortgage are property taxes,HOA feesif there is a homeowners association,home insurance, and of course, closing costs. 9. Does your credit score go up after buying a home for the first time? If you continue to follow...
“Homeowners need to be really careful when filing claims,” said Laura Adams, insuranceQuotes.com’s senior analyst. “Even a denied claim can cause your premium to go up. Make sure to know your policy’s specific guidelines and only file a claim when absolutely necessary. Winning a small ...
4. If your investment property is part of a Homeowners Association, the fees you pay to the HOA for community services, landscaping, and maintenance are tax deductible. 5. Property owners who contract with a property manager to handle the day-to-day management of their rental units can deduct...
Homeowners in coastal states like California and Massachusetts are paying the highest costs, along with Hawaii, which has the most expensive home ownership costs in the country, according to Bankrate's survey. The most expensive states for hidden housing costs, according to Bankrate, are: Hawaii...
Homeowners in coastal states like California and Massachusetts are paying the highest costs, along with Hawaii, which has the most expensive home ownership costs in the country, according to Bankrate's survey. The most expensive states for hidden housing costs, according to Bankrate, are: Hawaii...
Homeowners in Boise are staying put, worried about about letting potential buyers in during the pandemic or upgrading to a more expensive property when employment is so tenuous. “It’s made our tight market that much tighter,” Park said. ...
“The vast majority of homeowners are enjoying huge wealth gains and are not under financial stress with their home as a result of having locked into historically low interest rates, or because they are not carrying a mortgage,” Yun explained. “However – in this present market – potential...