Buying a home is more than just a mortgage payment—there are hidden costs that can impact your budget. At Kentucky Wide Realty, we help buyers understand all the ongoing expenses of homeownership so they can plan ahead with confidence.
- Property Taxes – Taxes vary by location and can change over time. We help buyers estimate annual property tax costs and factor them into their budget.
- Homeowners Insurance – Required by lenders, insurance rates depend on factors like location, home value, and coverage options. We help buyers find the right policy to protect their investment.
- HOA Fees & Community Costs – If buying in a neighborhood with a Homeowners Association (HOA), we ensure you understand monthly fees, rules, and potential special assessments.
- Maintenance & Repairs – From routine upkeep to unexpected repairs, homeowners should budget for expenses like HVAC servicing, plumbing issues, roof repairs, and landscaping.
- Utilities & Energy Costs – We help estimate expenses for electricity, water, gas, and internet to ensure buyers are financially prepared.
At Kentucky Wide Realty, we believe in transparent home buying, helping clients fully understand the long-term financial commitment of homeownership.
For more insights, the Consumer Financial Protection Bureau (CFPB) provides budgeting tools for homeowners.