My fiance and I want to buy a house and I am in charge of figuring the cost. I need a list of things that will be a cost to us such as water, heating, garbage.
I have water, hearing and garbage... what else?
Also a resource of the cost of living in Northwestern Indiana would be ultra-helpful.
2006-10-25 11:50:48 · 11 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
There is also your electricity costs for lights, TV, computer, insurance for fire, theft and accident, property taxes including local that is county and school taxes to name a few more. However, if you are really interested go to a certified and reliable real estate agent in the neighborhood -- It is always good to ask for recommendations if possible. The agent will certify you that is determine what kind of house you can afford since the agency is the one who refers you to a bank for a mortgage loan. You tell them what financial resources you have and what you owe on your credit cards or any automobile loans and they will take it from there. The local YMCA often gives classes for first home buyers to help guide them through the process. One more thought. Often the house you find will not be perfect so you may need to spend some money on improvements or needed repairs.
2006-10-25 12:10:25 · answer #1 · answered by Sicilian Godmother 7 · 1⤊ 0⤋
House taxes, insurance, water, power, sewer, gas,garbage. But you have to take into consideration ALL of you living expenses like food, clothes, health insurance etc. I think that the formula is that the house payment should equal 1/3 of your take home pay, but its been along time since I bought a house so it may be different now.
2006-10-25 19:06:12 · answer #2 · answered by mommawe 2 · 0⤊ 0⤋
New furniture new appliances and new electronics and moving costs and parking fees if you have no driveway and storage rental fees and when you open new cable or electric account you may have too put down a deposit and of course school and real estate taxes.If you can't afford it don't do it.
2006-10-25 21:19:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Mortgage
Heat
Electric
Phone
Cable
Internet Service
Trash Collection
Taxes
Insurance
Trash
Maintenance (repair costs, tools, supplies, lawnmower, etc)
PMI Insurance (if less than 20% down)
2006-10-25 19:00:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
electric
maintenance ( cost of law care, snow removal )
Insurance ( Home owners)
maintenance ( household failures )
Difference in cost to drive to work
Cable
Telephone
Internet connection
Then add about 20% for those unexpected things that ALWAYS come up
2006-10-25 19:00:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Maintanince cost, mortgage, insurance, taxes, food, internet, phone, cable. I listed an article below that might be of help to you as well.
2006-10-26 01:36:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
electricity, maintenance and upkeep of house, insurance,yard maintenance,maintenance on heaters,air conditioning if you have it. new roof someday. water leaks. gas leaks. its murphys law
if anything can go wrong it probably will. so you should have about 2 grand put aside just for things that can come up that you do not expect.
2006-10-25 19:03:48 · answer #7 · answered by jimandjane 1 · 0⤊ 0⤋
property taxes
home insurance (a biggie)
electric
sewer rent
If you live in a gated community you have association dues
2006-10-25 19:00:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Cable, insurance.
2006-10-25 19:04:02 · answer #9 · answered by Anonymous · 0⤊ 0⤋
electricity, insurance for fire damage or any other insurance, if there's morgage, than that...maintenance, fumigation for termites or any other pests...security system, telephone, Roofing checking for leaks, plumbing, repainting, basically that's it.
2006-10-25 19:08:05 · answer #10 · answered by marhaba_hi 3 · 0⤊ 0⤋