If you feel like you are ready to take the plunge, make sure you know the hidden costs of owning a home.
Yet, while it’s important to have the dream, it’s equally crucial that you understand the true costs associated with home ownership. Peter McCarthy, PNC Bank’s head of Home Lending, offers wisdom on what to expect. “Owning a home provides so many benefits. At the same time, it’s...
While principal and interest are a big chunk of your monthly costs of owning a home, there are a lot of other costs to consider. Hidden Home Cost: Property Tax and Insurance When you speak to a real estate agent about looking at homes, they generally speak of how much a home is going...
Owning a dog or other pet comes with a lot of responsibility. You’ll have to find someone to watch yours pets when you go on vacation, you’ll have to think about what you’ll do with your pets if and when you’re gone for the day, the costs (discussed further below), and more...
The price of rent is only one of many costs one must factor into a monthly budget when deciding where to live. Much like owning a home, there are additional fees one will incur when moving into a rental property. Here is a list of expenses to think about when pricing out a new place...
Alt-tag: Papers and tax forms used to calculate the costs of tax for an empty home. 2. Property tax Regardless of whether you have a mortgage or if your property is paid off in full – you’ll still have property tax to deal with. By the simple virtue of owning a property, you’...
Discusses the costs involved in owning a software. Comment from David Greschler, co-founder of software vendor Softricity, on the deployment and maintenance of a computer software; Details on the case of Microsoft Windows XP in relation to updating computer security....
Millennials are driving a wave of home improvement projects. This includes DIY projects and professional remodels. The trend is expected to increase in 2021. However, the return on investment can vary depending on the type of project. It is important to compare costs from multiple contractors to...
The cost of owning a car goes far beyond the price of the car. It also includes interest payments on the loan you take out for the car, gas costs, insurance costs, legal document fees, maintenance costs, and repair costs. How Can You Reduce the Cost of Owning a Car? To reduce the ...
Is the Aussie dream of owning a home a paying proposition?Reports on the economics of home ownership in Australia. Why renting may be a better option for many; Low inflation making capital gains from residential property insufficient to compensate for the costs of home ownership; Conventional ...