Thursday, July 26, 2012

Handling hidden home ownership expenses

San Francisco broker Tara-Nicolle Nelson lists six hidden expenses and how to handle them.

  1. Property tax increases.  Understand how property taxes work and deduct them on your tax return.
  2. Utilities. Do an energy audit so that your can stop leakages and reduce costs.
  3. Unexpected repairs. Reduce home repairs by keeping home systems well maintained.
  4. HOA dues increases. Get to know your neighbors and get them to help keep HOA expenses down.
  5. Special assessments. Stay involved in HOA and knowledgable about local government so you have input into special assessments.
  6. Basic maintenance. Plan for maintenance, putting money aside for regular maintenance.

 Go to Trulia to get more information.

No comments: