The Hidden Cost of Home Ownership 😱🏠

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  • เผยแพร่เมื่อ 19 ต.ค. 2024
  • PLEASE NOTE THAT I THINK HOME OWNERSHIP IS GREAT! I just want to share the real, real.
    In this video, we'll unveil the real stories and experiences of homeowners who have faced the unexpected and often overlooked costs that come with owning a house.
    What's the most expensive cost you have faced?
    Hidden costs of home ownership: • Buying a home is NOT a...
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ความคิดเห็น • 41

  • @xoReni
    @xoReni  ปีที่แล้ว

    Which one shocked you the most?

    • @Faith_O
      @Faith_O ปีที่แล้ว +1

      Breaking the fixed mortgage rate for a variable only to be slammed with a higher rate within one year I won't recover it that was me. Throw the damn house away

    • @xoReni
      @xoReni  ปีที่แล้ว

      @@Faith_O no but same 😂😂😂 throw the entire house AWAYYYY

    • @m.usamasaleem6802
      @m.usamasaleem6802 ปีที่แล้ว

      The one with the inherited tenant .. i feel for them 😢
      Apart from that these types of videos are very informative and helpful, please make a part 2 for this one as well ..

    • @xoReni
      @xoReni  ปีที่แล้ว +1

      @@m.usamasaleem6802 that one really hurt my heart too 😭 I will definitely make a part two. Thanks for commenting ☺️

  • @upsetter0596
    @upsetter0596 ปีที่แล้ว +6

    A great idea for homeowners would be to create sinking fund for home repairs and maintenance similar to the concept of "condo fees" sp that when stuff happens they can dip into the reserve fund. All things being equal a home starts becoming a money pit around the 15 year mark ( roofing, a/c, water heater, furnance, eavestroughts)

    • @xoReni
      @xoReni  ปีที่แล้ว

      Yesss! Genius idea 😊

  • @TheTosinOlaniyi
    @TheTosinOlaniyi ปีที่แล้ว +4

    The sewage repair one shocked me. Omg I didn’t know plumbing work was that expensive 😢

    • @xoReni
      @xoReni  ปีที่แล้ว +1

      Sis I was like??? What do you mean??😅😅😅😅

    • @mohammedgumsuri1172
      @mohammedgumsuri1172 ปีที่แล้ว +1

      This one is definitely a shocker. Please.

    • @xoReni
      @xoReni  ปีที่แล้ว

      @@mohammedgumsuri1172 I know right?!

  • @TheTosinOlaniyi
    @TheTosinOlaniyi ปีที่แล้ว +3

    Why haven’t I ever thought of de-icing the roof? Omg it kept getting worse 😂😂😂 #teamrent for now pls

    • @xoReni
      @xoReni  ปีที่แล้ว

      Lmao 😂 worse and worse and I have even more ones that are worse 😂

  • @Tonietones
    @Tonietones ปีที่แล้ว +5

    I’m assuming the banks don’t care about funding these costs after purchasing the properties right? 65k on renovation is insane!

    • @xoReni
      @xoReni  ปีที่แล้ว +1

      They actually have this thing called a home equity line of credit where you can take out more debt to fund your home 😭 people often do it and it can be a smart strategy when done right

    • @Tonietones
      @Tonietones ปีที่แล้ว +1

      @@xoReni acquiring debt on debt though. 😔

    • @xoReni
      @xoReni  ปีที่แล้ว +2

      @@Tonietones the debt culture in this country is mad ngl 🥲

  • @segenmisghina
    @segenmisghina ปีที่แล้ว +3

    This is amazing💕✨

    • @xoReni
      @xoReni  ปีที่แล้ว

      Thanks Segen ☺️

  • @TheNookwithGraceMary
    @TheNookwithGraceMary ปีที่แล้ว +4

    For some people purchasing a home is a good decision. For others, not so much.
    Your rent + utility will always be your maximum spend while your mortgage will be your minimum spend. Surprising costs can crop up as a home owner. Your video just re-emphasizes my thoughts.

    • @xoReni
      @xoReni  ปีที่แล้ว

      Very well said 🙌🏾

  • @ayomideenitan4683
    @ayomideenitan4683 ปีที่แล้ว +2

    Why aren’t people talking about these issues tho 😭😭
    We’ve been so blindsided by the over-glamorization of home ownership🤧
    The way I was shouting ‘yeee’ at the amount I was seeing 😭

    • @xoReni
      @xoReni  ปีที่แล้ว +1

      Sisss! I don’t know when everyone hides the truth 😭😭

  • @Theeagleofwallstreet
    @Theeagleofwallstreet ปีที่แล้ว +1

    I love the way say "let's get into it"

    • @xoReni
      @xoReni  ปีที่แล้ว +1

      Haha thank you!!

  • @kwasiadu-poku4271
    @kwasiadu-poku4271 11 หลายเดือนก่อน

    The water softener one sounds nuts, it makes me understand why landlords can move cautious sometimes with who they bring in lol

    • @xoReni
      @xoReni  11 หลายเดือนก่อน

      Trust meee and especially in Ontario it’s hard to get someone out once they’re in

  • @solomonaregbe9994
    @solomonaregbe9994 ปีที่แล้ว +3

    Breaking mortgage within my 3 yrs term, cost me $14,000.00....

    • @xoReni
      @xoReni  ปีที่แล้ว

      Ouuu so expensive 😭 that one hurts

  • @Efe-Og
    @Efe-Og ปีที่แล้ว +1

    Part 2 Please!!!

    • @xoReni
      @xoReni  11 หลายเดือนก่อน

      Okay will do! Thanks for watching :)

  • @IAmMandie
    @IAmMandie 10 หลายเดือนก่อน

    Great useful content!

    • @xoReni
      @xoReni  10 หลายเดือนก่อน

      Thank you 🙏🏾

  • @WhizQueen
    @WhizQueen ปีที่แล้ว +1

    I never understood what duct cleaning was till now 😮

    • @xoReni
      @xoReni  ปีที่แล้ว

      It’s such an expensive expense 🥲

  • @ayoolaoluwatimilehinemmanu7250
    @ayoolaoluwatimilehinemmanu7250 11 หลายเดือนก่อน

    Why are the cost estimates quoted in Dollar???

    • @xoReni
      @xoReni  11 หลายเดือนก่อน

      I live in Canada where we use dollars

  • @TheTosinOlaniyi
    @TheTosinOlaniyi ปีที่แล้ว +2

    Water softener ke? They’re not serious 😂😂