2241 followers

Follow

Follow

Follow

1/5

427 saved

680

16

What they don’t tell you about Homeownership

On top of saving up money to actually purchase the home, here are some more expenses to take into account that come with homeownership.

1. Property taxes - determined by your local government and can vary from location to location. It’s important to look up the property tax amount and deciding if it’s an amount you can afford every year.

2. Home insurance - if you are using a mortgage to buy a house home insurance will be required by your lender. It’s important to get a quote on the house you are interested in before writing an offer. Recently home insurance has been on the rise in places like Florida and the Midwest due to hurricanes and tornado/hail damage.

3. Unexpected home repairs - it’s okay if you’re not planning to do major renovations right away, but it’s important to keep some money set aside for random home costs like water heaters, AC units, or other home appliances that unexpectedly quit working.

#realestate #homeowner #homeownerlife #homeownership #home #buyingahome #firsthome #firsthomebuyer

2024/6/20 Edited to

Owning a home can be a rewarding experience, but it's essential to understand the hidden costs involved beyond the mortgage payment. One crucial aspect is property taxes, which can vary significantly based on your local government regulations. Before purchasing, research the property tax rates in your area to determine if they fit within your budget. Home insurance is another necessary expense, especially if you're financing your home with a mortgage. Lenders typically require homeowners insurance, and costs can vary based on location, particularly for homes prone to natural disasters like hurricanes or tornadoes. Ensuring you get personalized quotes on potential insurance policies can help you secure the best rates. Moreover, budgeting for unexpected home repairs is vital; setting aside funds for issues such as failing water heaters or HVAC systems can save you from financial stress in the future. It's recommended to have an emergency fund that can cover several months of repairs or replacements. Staying proactive and knowledgeable about these elements can lead to a more secure and enjoyable homeownership experience.

16 comments

Heather 🍄🪴

I just paid an electrician $200 to be told I needed to replace a GFCI plug which you can buy for $20. 🤪

See more comments

Related posts

what they don’t tell you about breastfeeding

hello ◡̈ When I began breastfeeding I felt like I didn’t know anything. I became overwhelmed with it and I definitely chop it down to the fact that I wasn’t well educated on any of it. Breastfeeding is almost this weird taboo thing, much less now than it used to be, but I feel like it’s just not

361 likes

things they don’t tell you about college…

let me be your big sister for a moment here. college is scary when you’re first going and a lot of people don’t have someone to help them learn the ropes. so here are a few things i learned in college on my own that might be beneficial for any upcoming freshman (or even upperclassmen) to know! ⭐

512 likes

What they don’t tell you about in relationships ✨

There’s going to be more than just one arguing stage. You’re not gonna just go through it once and be good forever, it’s going to happen again especially the longer you’re with your person. However, the first time in the hardest. It’s usually right after you guys have gotten comfortable with each o

477 likes

Talking through my thought process after a good showing. #creatorsearchinsights #dearfutureHomeowner #homeownershipgoals #homebuyertiktok

0 likes

Let's talk HOAs — and no, they're not all bad. In fact, for some homeowners, an HOA can be a huge benefit. Think about it... Don't want to mow the lawn every week? HOA's got it. Hate shoveling snow at 6am? They might handle that too. Live on a private road that needs maintenance or

9 likes

My Homeownership Journey 🏡

My name is Trina & I’ve developed a profound passionate in regards to financial wellness and becoming confident with money. There was a point in time- All my bills were past due and I couldn’t see the light at the end of the tunnel but with dedication, consistency, and effort I changed my t

506 likes

Home buying: takes longer than you think 🏠

Buying a home is process, especially when it’s your first time. It’s scary, but it’s also very exciting, and satisfying once you get to the finish line. There’s a lot of steps to take. A lot of paperwork and a lot of patience. Which is why it takes so much time. I went through my first home buy

539 likes

Thinking about buying a home but feeling stuck because you don’t know where to start? 🏡✨ You’re not alone. Most people don’t become homeowners because nobody ever sat down and explained the process in a simple way. You might be wondering: • “Do I need perfect credit?” • “How much money do

0 likes

What most people don’t budget for but should.

You locked in the mortgage… but the expenses didn’t stop there. Here are the hidden costs nobody talks about (but your bank account will feel). 💡 From inspections to emergency repairs save this and plan ahead. 👉 Follow for more financial gems and homeownership tips. #HiddenCosts #HomeBu

20 likes

Things buyers don’t think about until they’re already under contract 🏡

Most people focus on the down payment and monthly payment. What catches buyers off guard are the expenses that don’t always show up in the listing description: ✔️ Homeowners insurance ✔️ Property taxes ✔️ Home inspections ✔️ Utility costs ✔️ Moving expenses None of these should be scar

4 likes

A glass jar containing coins sits on a wooden surface, symbolizing savings. Overlay text reads 'HOW TO buy A home In 12 mos EVEN IF YOU HAVEN'T STARTED SAVING,' highlighting the article's theme of achieving homeownership within a year, regardless of current savings.

How to buy a home in 12 months

Dreaming of owning your own home but feel like your savings account is on life support and your credit’s just…meh? Don’t worry—YOU GOT THIS! Here’s how to go from “I’m broke” to “Here’s my new address” in 12 months or less. Let’s break it down, step by step! 🏡✨ 1️⃣ Check Your Financial Snapshot

156 likes

If you're going to be rent poor... you might as well be house poor and building equity. That's what this viewer said and I couldn't agree more. She taught herself how to fix almost everything—and she's right, at least when you own, your principal and interest stay the same. Sure, ta

28 likes

Most buyers aren’t stuck… they’re just missing the right information. There are real pathways to homeownership out here in California—you just don’t hear about them enough. Here’s what I’m seeing actually work right now in the High Desert 👇🏽 Down Payment Assistance (California options):

0 likes

A modern light gray house with a white garage door, a driveway, and green grass. A text overlay states, "Buying a House over 40 is Still A BOSS Move 🔐."

A spacious, modern kitchen with white cabinets, a large central island, stainless steel appliances, and light wood flooring, showcasing a new home interior.

A green background displaying the motivational text "Buying your first house after 40 is still a boss move," emphasizing homeownership at any age.

Buying a House over 40 is Still A BOSS MOVE 💐✨

Who says there’s a timeline for achieving homeownership? 🏡 Turning dreams into reality, building wealth, and investing in YOU at any age is what true boss moves are all about. Don’t let anyone tell you it’s too late to step into your next chapter with confidence and style. 💪🏾 Whether you’re upgradi

331 likes

2025 Homeownership

New construction home in Hope Mills, NC

536 likes

In 2026 we’re finally stepping into REAL ESTATE, and I can’t even explain how excited I am for this new chapter! We’re buying our first investment property, and whew… leaving the comfort of renting had me SHOOK at first. 😅 We’ve always lived on our own terms: Moving when we wanted, doing things

104 likes

Need rental housing or homeownership help? WATCH👉🏾

Comment HARDSHIP so I can send you FREE resources for your state. Did you know You state has money set aside for housing and community assistance right now. Most people never find it because they do not know where to look. STAY UNTIL THE END. No matter what state you are in, this is your uni

20 likes

If you own a business the biggest threat to your homeownership isn’t your credit It’s assuming you won’t qualify before you even ask I see this constantly Entrepreneurs who write off the idea of buying a home because they don’t have a W-2 or because their tax returns built around smart ded

2 likes

Read Your Mortgage Like A Lawyer 📌

Welcome to my home buying tips series! I purchased a home at 30 by myself. These are my tips and what to look for :) 🏡 Read Your Mortgage Like Your Financial Life Depends on It (Because It Kind of Does) Tips for first-time buyers who don’t want surprises after signing. I’ll be honest — w

78 likes

🚨 No money down. No closing costs. No PMI. No traditional credit score requirement. NACA is real — but it’s NOT for everybody. It’s for the person who’s willing to do the work to prove they’re ready for homeownership. Not just qualify for it. You don’t need perfect. You need a plan. Watch

0 likes

So over homeownership

#readytorent #homeownerstruggles #electircstruggles

12 likes

Budgeting for Homeownership 🏡

You’ve been told homeownership is out of reach, but the truth is — it’s your budget that needs a strategy, not your income that needs to double. Home Buying Plan Shift from renting to Buying ✍️ Here's how I did it: 🗑️ Here's what you need: Home buying prep tip 1️⃣: Pull your credit

42 likes

So when it’s built the property has no value until you sit your PRETTY HOME ON IT, YR.2 and so on… #homeownership #mortgagetips #escrow #firsttimehomebuyer

0 likes

🚨Big FHA Update: Here’s What Homebuyers Need to

You may have seen headlines saying FHA loans just got easier—but here’s what actually changed. HUD recently announced 14 updates to the FHA Single Family mortgage program designed to: ✔️ Reduce unnecessary red tape ✔️ Help streamline the loan process ✔️ Lower certain lender costs ✔️ Improve

0 likes

#creatorsearchinsights So when it’s built the property has no value until you sit your PRETTY HOME ON IT, YR.2 and so on…#h #homeownership m #mortgagetips e #escrow firsttimehomebuyer

0 likes

Thinking About Buying a House? Here’s How to Know What You Can Afford

Wondering if you’re ready to buy a home? Before you start scrolling listings, it’s important to understand what you can comfortably afford. Learn how mortgage payments, insurance, taxes, and other homeownership costs impact your budget so you can shop with confidence. #HomeBuyingTips #FirstT

0 likes

If you're looking for a sign to begin your home buying journey, this is it. 🤗 This National Homeownership Month, hear from real homebuyers about why they chose Clayton. Link in bio! . . . . #claytonhomes #farmhouse #newhome #homeinspo

11 likes

Making $200k or more but can’t get approved for the house you want? Here’s why. 💰 The harsh truth about qualifying for real estate with influencers/creator income: ❌Lenders don’t care about your gross income ✅ they only count what’s on your tax returns AFTER write-offs so if you made $2

1 like

The American Dream is supposed to be within reach... but for Millennials & Gen Z, homeownership feels like a far-off dream. 😓 With rising costs, inflation, and skyrocketing home prices it’s harder than ever to own a home. This may be the first generation made up of a majority of renters. Yet they w

8 likes

Closing Day For This Family of 8

One year ago, this family had a goal. Not just to buy a house. To create a place their family could truly call home. And today, they did it. 🏡❤️ Over the last year, mom and dad worked incredibly hard, stayed focused, and never lost sight of what they were working toward. Watching them r

2 likes

If you’re paying $2,000+ a month in rent, you might be closer to homeownership than you think. 👀🏡 A lot of renters are surprised to learn that their monthly rent payment could be similar to what they would pay to own a townhome or house. Instead of paying your landlord’s mortgage, imagine bui

0 likes

A bright, modern kitchen with white cabinets, wooden countertops, and a breakfast bar. The image serves as the cover for an article titled "6 signs you're ready for home ownership SWIPE."

Cardboard moving boxes from IKEA on a wooden floor in a new home, with a snowy outdoor view through large windows. The text reads: "1. YOU HAVE STEADY EMPLOYMENT" and "move in day."

A couple embraces in an empty room with a fireplace, symbolizing a new beginning. The text states: "2. YOU'VE BEEN SAVING FOR A DOWN PAYMENT & CLOSING COSTS."

6 signs you’re ready for homeownership

1. Lenders want to see that you have had a steady job for the past 1-2 years so they know you are capable of making your monthly payment! 2. Having a hefty savings account also shows lenders that you are ready and will up your chances for loan approval. 3. Some types of loans will require t

54 likes

FirstTime Buyers: Why New Homes Are Beating Resale

Closing day on this brand new home 🏡✨ This one started with a TikTok scroll. My client came across a video where I was talking about new build homes and almost kept scrolling because she didn’t think homeownership was possible for her family. Low credit, years of renting, lots of doubt. But s

34 likes

When Solar Doesn’t Make Sense

Conspiracy theorists were out in full force this past week 😅😂 #solar #solarpanels #realestate #sellingyourhome #homeownership

22 likes

I Support Trump—But I’m Not Blindly Loyal

Let’s be honest: I talk to a lot of people on social media—especially on this platform—and most of you assume I have some blind, unquestionable allegiance to President Donald J. Trump. I don’t. Supporting someone’s direction on certain issues, defending them against dishonest narratives, or p

1 like

A light-colored house with dark shutters and a black front door adorned with a red wreath, featuring a text overlay "Unexpected Home Expenses," illustrating the article's theme of hidden homeownership costs.

A Honeywell thermostat displaying 75 degrees with a target of 62 degrees, accompanied by text explaining the AC wasn't working, highlighting an unexpected home appliance failure.

An image showing a "CHOICE Home Warranty" claim approval for an AC replacement, with text explaining the homeowner paid $75 but waited a month for the repair, illustrating the benefits and drawbacks of home warranty.

Hidden Costs of Owning a Home 🏡

“Buy a house” they said. “Why keep paying rent when you can own?” What they don’t tell you, are all the unexpected things that can happen. 🥲 First year of living in my home, two major home appliances stopped working. During inspection, I was given a heads up from my inspector. “Start saving

24 likes

Hobby Lobby Finds You’ll Fall In Love With 🛍️

I love a good HL shopping trip ! I'm bound to come across special finds every time . It’s truly a creative goldmine . Here are the gems I came across on my latest visit : 💎 Parent Section : Cups , mugs , tumblers , keychains — you name it ! As a first-time parent (10 months strong 🙌🏾) , I

406 likes

✨🏡 The REAL Tea On Homeownership | Pros & Cons 💸✨

✨ Homeownership is one of those “adulting” milestones people hype up, but let me be real, it’s not always sunshine and Pinterest-worthy kitchens. There are some serious pros and cons you should know before diving in. Here’s my honest breakdown ⬇️ ✅ Pros of Homeownership: • Equity building

128 likes

Things I wish first-time buyers knew sooner 👀🏡

San Bernardino Stop waiting for the ‘perfect’ time to buy. Most first-time buyers don’t realize there are programs that can help with down payment costs, closing costs, and even lower credit scores. The first step isn’t finding the house… it’s finding out what’s possible for YOU. A lot of peop

0 likes

People talk about wanting a soft life… but honestly, I think most people just want peace. 🤍 Peace mentally. Peace emotionally. Peace financially. A moment to breathe without constantly feeling like they’re in survival mode. That’s why I’m passionate about what I do. Because stability matte

0 likes

YES!! Did you know about this?? 😱🏡

If you’re looking for someone who will listen to your needs and take action for you, I’m your girl! 😉 ➡️ Thinking about buying or selling in Florida or Georgia? Text “HOME” to 321-414-9500 Follow for more relatable real estate content! . . . . . . . Demeeka Cobb powered by eXp Realty

3 likes

Busted! You Don’t Need 20% Down to Buy a Home

One of the biggest myths in real estate? That you need 20% down to buy a home. Spoiler alert: You don’t! There are amazing low down payment options—some as low as 3%—especially for first-time buyers. Let’s talk about what’s possible for YOU and make that homeownership dream a reality. DM me t

2 likes

School didn't teach you how to buy a house

Ever heard someone say "school didn't teach me how to buy a house"? Well, let me break it down for you in 30 seconds. First, check your credit score - aim for at least 620. Then, save up for a down payment - typically 3.5% to 20% of the home price. A $300,000 house might need around

0 likes

Affordable Land Ownership Explained

We know so many are on the fence about homeownership and wonder if it’s actually affordable. It really depends on the what, when, & where. The what: House, condo, raw land, or home and land. What are you trying to buy? The when: Is it a buyer or seller’s market? What are the interest ra

931 likes

MAILED TO THE PRESIDENT 🇺🇸

Today, I officially mailed multiple comprehensive legislative proposals directly to President Donald J. Trump and relevant government officials because at some point, ordinary Americans have to stop just complaining online and actually start trying to contribute real solutions to the future of this

0 likes

Don’t make these mistakes!! 😱🏡

If you’re looking for someone who will listen to your needs and take action for you, I’m your girl! 😉 ➡️ Thinking about buying or selling in Florida or Georgia? Text “HOME” to 321-414-9500 Follow for more relatable real estate content! . . . . . . . Demeeka Cobb powered by eXp Realty

3 likes

Four things about down payments

🔑 Thinking about buying a home in North Texas? Here’s what you need to know about down payments! From options as low as 3.5% to assistance programs that can help, we've got you covered. Don't let misconceptions hold you back! Let’s make those homeownership dreams a reality! 💖🏠 #NorthTexasR

0 likes

See more