Understanding All The Costs Of Homeownership In Orange County

When you own a house you don’t really want, the costs of homeownership can be unbearable. Take a look at some of the costs you can expect to face in our latest post!

Owning a house is expensive. Owning the wrong house is even worse. It’s important as a homeowner that you look past just your mortgage payment and really dive in to see what your house is costing you. Is there a better option out there? Have you outgrown your house or o you need something smaller? Did you inherit a home? Has the mortgage become too much to handle? All of these situations can be overwhelming to some degree or another. With a direct sale to H&M Realty Group, you’ll be able to quickly put an end to all of the ongoing costs so you can sell your house and move on.

Here are just a few of the costs a Orange County homeowner will face: 

Your Mortgage

Your mortgage on the property is likely your biggest bill each month. Is it worth it? Does spending this much on a house make sense for you, aligning with your goals? Keep in mind that your mortgage also includes interest and possibly mortgage insurance. These are costs you are paying each month that aren’t lowering the principle on the home.

Monthly Utilities & Expenses

People are often surprised when they add up their utility bills each month. Between the electric, gas, water, sewer, waste removal, cable, wifi, landlines, security company, and other bills homeowners pay each month, the totals can be into the thousands! In many cases, it can be like paying a second mortgage! When you are dissatisfied with your property or feel stuck with a house you don’t want, paying these bills each month can make you feel stressed and resentful. If you are tired of all the costs and bills, it may be time for you to consider a sale!¬†Living somewhere that is smaller or more energy efficient will help you to save money on your utility costs.

Property Taxes

When selling your house in Orange County, you will be responsible for the property taxes up until the day of closing. If your house sits on the market for a long time, your tax obligation could equate into hundreds or even thousands of dollars. This is even more money that you’ll need to spend on the house that you would have likely rather put toward something else.

Maintenance

Every house needs routine maintenance in order to avoid unnecessary repairs. Keeping up with this maintenance is always important, but even more so when your house is listed on the MLS. The house will need to be kept in tip-top shape, maintained at the highest of standards.

Repairs

Home repairs are inevitable. No matter how well you maintain the property, something is bound to break. When you put your house on the MLS, you could end up owning the house for several more months. This is more time for something to go wrong with the house. You’ll likely be making repairs to the house to make it more desirable to buyers, you might find yourself having to make larger repairs while your house is listed as well.

Landscaping

Whether you are taking care of the landscaping yourself or hiring someone to do it, the outside of your house must be maintained… especially when it is listed on the Orange County MLS. Curb appeal is important, so you’ll need to put your best foot forward!

With a direct sale of your Orange County house, you’ll be able to avoid the continued holding costs as well as repairs! What is your house really costing you?

Learn more about the costs of homeownership! Contact us today! 949-625-4533

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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