2277 followers

Follow

Follow

Follow

1/5

432 saved

678

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. 🤪

And huge tax break at end of year on property taxes Building equity Any improvements to more energy efficiency is a write off . Can do anything you want to your decor such as adding shelving etc etc Not making a landlord wealthy ! Best investment to date !

See more(1)

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

360 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! ⭐

511 likes

What They don’t tell you about

Are you thinking about getting a septum? Here is what you should know before you do! I know there are many people who share their list of common septum experiences, but I’d like to share mine! First for some questions??? •Does it hurt? - Everyone has a different pain tolerance but over a

515 likes

what they don’t tell you about college🎧💌✨

let these college tips be helpful for you. as a freshman in college i have already learned so much, and i wish someone had told me these things sooner. anyways, choose F A U !!!!!! ❤️💙🦉 #college #collegestudent #collegelife #collegecontentcreator #collegetips #thingstheydonttellyou #f

678 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

472 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

316 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

6 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

19 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

16 likes

Dear Future Homeowner, A lot of people think buying a home means bringing $20K–$25K to the table. But let’s look at a realistic example. On a $275,000 home, many buyers assume they’ll need tens of thousands saved up. But in this example: • FHA loan with 3.5% down • Negotiated seller

1 like

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

41 likes

2025 Homeownership

New construction home in Hope Mills, NC

536 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

536 likes

No “tiny” appliances, no cramped corners. Just high-end finishes and a 12-day build process that gets you moving sooner. What else are you worried about? Ask us! 👇 🎙️ #AffordableHomes #modernhomes #homedesign #HomeOwnerShipGoals #realestatetiktok

3 likes

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

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

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

So over homeownership

#readytorent #homeownerstruggles #electircstruggles

12 likes

I don’t play around! If you’re ready let’s chat!!

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

4 likes

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

151 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

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

Difference betweePre-Qual vs. Pre-Approved

If you’re thinking about buying a home, you’ve probably heard the terms pre-qualification and pre-approval—but they are NOT the same thing! 📌 Pre-Qualification: A quick estimate of how much you might be able to borrow based on basic financial info you provide. No credit check, no verification—ju

10 likes

Don’t let another 5 years pass you by!! 😩🏡

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

2 likes

What is 50-Year Mortgage

The housing crunch in America just got a controversial twist. Donald Trump and his administration are pushing a plan to offer 50-year mortgages — yes, five decades to pay off your home. But as the idea spreads, so do the questions and concerns. 🔍 How did we get here? Home prices are sky-high

28 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

399 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

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

52 likes

The truth about homeownership: my monthly costs 💲💲

A mistake people commonly make is buying a home without considering the added costs on top of your mortgage. So I put together a breakdown for my monthly housing cost and some recent miscellaneous costs I had to pay for recently. Owning a house is definitely a lot more expensive than people t

73 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

How I Bought My First Home 🏡 ✨

I used to think buying a home was a far-off dream—something that only happened after years of saving or earning a six-figure salary. But in 2024, I turned that dream into a reality. Not only did I buy my first home, but I did it in a way that set me up for the future, and I’m here to tell you: it’s

496 likes

🎯 USDA Loans: The Hidden Gem for Homebuyers 🏡

💡 Did you know you can buy a home with NO down payment? Yep, you read that right! USDA loans are here to make homeownership more accessible than ever for buyers looking to live in rural or suburban areas. ✅ No Down Payment: You can finance 100% of your home’s purchase price. Keep that savings fo

5 likes

They had Proof of Funds though!

Let's talk about why that little letter is not foolproof. 💁‍♀️ Be sure to click LIKE/FOLLOW and save this post. #homeownershiptips #homeownersbeware #sellingyourhomefast #webuyhouses #jsquaredhomebuyers

1 like

They showed you the list price… not the REAL monthly cost 👀 Save this before you buy a home. Helping you on your road to homeownership. #F #FirstTimeHomeBuyer H #HomeBuyingTips hamptonroadsrealtor #F #FutureHomeowner RealEstateTok

1 like

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

You get what you pray for….

I remember when all I could do was dream… Now I’m helping other women turn their “one day” into day one. 💪🏾🏡 Credit fixed. Faith applied. Keys in hand. Ready to start? Drop “750” below or DM me. #homeownershipdreams #fixyourcredit2025 #creditrepairhelp #firsttimehomebuyerjourney

3 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

77 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

Yes, you read that right!

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

5 likes

Your Future to Homeownership 🏡

Hey, it’s Tyresha — just reintroducing myself for a moment. As a Realtor, I kept meeting people who wanted to buy but weren’t quite ready because of their credit. Instead of turning people away, I decided to build something to help. So behind the scenes, I’ve been learning, creating, and p

9 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

Here's 5 pros to Buying vs.Renting🏡🔑🎉 ✨️Equity Growth – Every payment builds ownership, not your landlord’s wealth. ✨️Stability – No surprise rent hikes or moving stress—long-term security. ✨️Customization – Paint, renovate, design your space—total freedom. ✨️Investment Potential –

1 like

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

Congratulations to my buyer clients on our accepted offer! 🎉 The journey to homeownership has officially begun. I always remind my clients what God has for you, no one can take away. When it’s the right home, everything aligns. If you’re thinking about buying, selling, or leasing, I’d love to gu

2 likes

Let's talk about house stalking — you know, when buyers drive by the house they're under contract on... over and over until closing day! It's totally normal — buyers are excited, dreaming about moving in, and just can't wait to make it theirs. Be honest: last time you bought a house

4 likes

4 Credit Prep Hacks for Homeownership Success!

Ready to buy your dream home? 🏡 Start by preparing your credit the right way! In this carousel, I’ll break down the 4 must-know credit tips to get you prepped for homeownership: 1️⃣ Know the factors: Learn what goes into your credit score and how it affects your mortgage approval. 2️⃣ Pay bills

271 likes

When Solar Doesn’t Make Sense

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

11 likes

See more