Owning and maintaining a house is much more than paying down a home loan. However, all too often buyers, especially first-time buyers, focus primarily on the sticker price of a house when determining how much they can afford, and don’t budget for all the other expenses associated with homeownership.
To help buyers better plan for the expenses associated with homeownership, we partnered with Zillow, the leading real estate marketplace on mobile and web, to identify several unavoidable, hidden costs like property taxes and insurance. While these extra expenses might seem small, they can add up quick, costing the average U.S. homeowner more than $9,000 per year.
Curious where your metro stacks up? Check out the post on Zillow’s blog for for a breakdown of the 15 metros analyzed in the report.