You are using an older browser version. Please use a supported version for the best MSN experience.

The 8 hidden costs of owning your home

Mediafeed Logo By Mia Taylor of Mediafeed | Slide 1 of 9: Making the transition from renter to homeowner is a dream come true for many people — browsing Zillow is a practically modern American pastime. But when planning to make the dream of buying a house a reality, you need to plan for more than just the cost of the house and your potential monthly mortgage payment. There are regular costs that you’ll have to account for, including property taxes and basic upkeep, plus unexpected expenses to save for, including emergency maintence and surprise assessments. Here are some of the costs you need to add to your budget spreadsheet when figuring out how much house you can afford and how much you need to save.

The hidden costs of owning a home

Making the transition from renter to homeowner is a dream come true for many people — browsing Zillow is a practically modern American pastime. But when planning to make the dream of buying a house a reality, you need to plan for more than just the cost of the house and your potential monthly mortgage payment.

There are regular costs that you’ll have to account for, including property taxes and basic upkeep, plus unexpected expenses to save for, including emergency maintence and surprise assessments.

Here are some of the costs you need to add to your budget spreadsheet when figuring out how much house you can afford and how much you need to save.

© Rawpixel / istockphoto
Loading...

XD Load Error

More from Mediafeed

AdChoices
image beaconimage beaconimage beacon