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Home Phantom Costs

Home ownership is no joke. There are a ton of costs that are not covered in a mortgage, if you have a mortgage.

    1. HOA

    More and more communities have an HOA.

    An HOA can be good in keeping a neighborhood well maintained, at a cost.

    They can also be mismanaged.

    Dramatically increase year over year.

    Create legal problems.

    And so on.

    2. Lawn/Flowerbed Care

    Many homes have outdoor needs.

    3. Utilities

    Usually are not covered and are increasing due to climate change.

    4. Repairs

    Roof. Air conditioning. The list goes on.

    5. Home Owners Insurance - Fire/Flood insurance

    Insuring a home is not free.

    6. Design

    Interior design and furniture can be really expensive.

    7. Appliances

    Again not free

    8. Too Much Stuff

    Many times when people buy a home they start gathering a lot of stuff, to the point where they go out and rent a storage unit to store even more stuff life holiday decorations.

    9. Holiday Decorations

    Homeowners are big on creating memories.

    10. Pool - backyard toys

    Pool, trampoline etc.

    11. Cars

    Now that you have a house with a garage better fill up that garage.

    12. Property taxes

    These go up over time.

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