Owning a Home? How Much Does It Cost?
The cost of owning a home is determined by the type of home you own. The majority of consumers make monthly mortgage payments that include taxes, homeowners insurance, and, on occasion, mortgage insurance. It requires money to pay for utilities such as power, heating, and water, and homeowners must be prepared for unforeseen bills such as roof replacement. Yard maintenance may be expensive if your house is on a big lot, and HOA fees are expected if you live in a condominium or gated community.
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