7 Costs to Maintain the Average Home!

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  • เผยแพร่เมื่อ 29 ต.ค. 2024

ความคิดเห็น • 23

  • @Dsomler
    @Dsomler 6 ปีที่แล้ว +8

    Always very helpful information! The savings advice is great 👍🏾

  • @woodaustin8087
    @woodaustin8087 4 ปีที่แล้ว +8

    Great video, property taxes are not cheap in some states; counties within Texas charge anywhere from 2.14 to 3.47%; Hoa fees goes up every year from 10 to 25 dollars a year; when you buy older homes please be ready for high expenses ( example roofing roughly 15000, water heater 3000, air conditioner 6000, fence 1800; sprinklers 2500; plumbing 600; note appliances insurances just cover only a fraction of cost; garage door fixes 1000; it was a big lesson learned once when I bought an older home that was 10 years ); security system 40 to 50 dollars; older homes leak cooling and cost of fixing is ridiculous; any time you will replace a windows it will be another 1000 ); in short new homes are expensive but you won't have any big spending at least on the first few years;

    • @only1leanda
      @only1leanda 3 ปีที่แล้ว +1

      Very sound advice. Thanks

  • @sed0692
    @sed0692 ปีที่แล้ว +1

    very great information. thank you. You make me realize I can afford a house.

  • @BalcomFamily
    @BalcomFamily 3 ปีที่แล้ว +1

    Great info

  • @qborne
    @qborne 6 ปีที่แล้ว +8

    Lawn and garden also are big expenses

  • @TheWizardjones
    @TheWizardjones 3 ปีที่แล้ว

    Thank you for your service all around.

  • @ronaldcambridge3126
    @ronaldcambridge3126 3 ปีที่แล้ว

    cost saving tip: perform adequate research in obtaining the particular homeowner insurance policy that`s the right fit for your needs, i.e., if you`re retired you may find that all of the "bell & whistles" aren`t needed, thereby reducing your overall cost for this type of insurance.

  • @_jess_royal_nyc
    @_jess_royal_nyc 4 ปีที่แล้ว +1

    Very informative, great detail!

    • @AndrewFinney
      @AndrewFinney  4 ปีที่แล้ว

      Glad it was helpful Jessica! What would you like to watch next?

  • @eliontheinternet3298
    @eliontheinternet3298 5 ปีที่แล้ว +1

    Thank you so much for the info!

  • @khalidbaacha
    @khalidbaacha 7 หลายเดือนก่อน +1

    Good

  • @LMarch-lk4fq
    @LMarch-lk4fq 4 ปีที่แล้ว +2

    I was always afraid to find a home with associations fees , but thinking about it it's better because you'll be in a better community, newer , and will still have a pool at no charge, of course you are paying for HOA but they'll cut your grass too. I missed out on several opportunities when I was looking for a home plus sometimes they are closer to commute

  • @hildahill3132
    @hildahill3132 6 ปีที่แล้ว +2

    So if I notice I am over paying my home owners insurance (based on ur calculation) do I call my insurance co and request a decrease. But I also do want to be under insured!

    • @metalmouth0413
      @metalmouth0413 5 ปีที่แล้ว +1

      Gotta treat Homeowner's Insurance like auto insurance. Keep tabs on the premium. If you've not yet filed a claim, it shouldn't go up. If a claim is filed, expect the premium to go up. If the premium goes up, it may be time to switch.

  • @boxing1940
    @boxing1940 3 ปีที่แล้ว

    Home maintenance, repairs including utilities should be around 4 % of the total cost of the property.

  • @jordansheppard6643
    @jordansheppard6643 4 ปีที่แล้ว +2

    My property is 53k im paying 1100 a year for insurance

  • @cherylcornelius5541
    @cherylcornelius5541 4 ปีที่แล้ว +1

    my hoa fees are 600 a month. where does he get an average of 250? no property in Texas is lower than this and many are higher. My friends in Florida pay over a 1,000 a month hoa fees.

    • @AndrewFinney
      @AndrewFinney  4 ปีที่แล้ว

      Hi Cheryl! Thank you for watching! Please note this video is about the "average" costs to maintain a house throughout the USA. The actual costs may vary depending on what type of home a person owns and where their home is located. I used national-level averages for the purpose of creating this video.
      Here are a few links I referenced for the average HOA fee in the United States:
      1. Investopedia
      www.investopedia.com/terms/h/homeowners-association-fee-hoa.asp#:~:text=How%20Much%20Are%20HOA%20Fees,amenities%2C%20the%20higher%20the%20fees.
      2. iPropertyManagement
      ipropertymanagement.com/research/hoa-statistics
      3. SmartAsset
      smartasset.com/retirement/hoa-fees
      What would you like to watch next?

    • @teamchill5825
      @teamchill5825 3 ปีที่แล้ว +2

      I don't know anyone with HOA fees of $600 each month.

    • @teamchill5825
      @teamchill5825 3 ปีที่แล้ว +1

      ... and $1000?!?! No. Absolutely not.

    • @liesalllies
      @liesalllies 2 ปีที่แล้ว

      If you're paying a grand a month for HOA your getting scammed lmao. That's absolutely asinine.

    • @pppaaattt8401
      @pppaaattt8401 ปีที่แล้ว

      @@AndrewFinney I’m looking at a condo and the HOA fees would be $400-450 a month. 😮😮😮 a friend said it went up about $60 . I find $400 night for these fees.