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Buying A Home In North Texas: Expenses Of Homeownership

Buying A Home In North Texas: Expenses Of Homeownership

Naturally, anyone who purchases a home in Flower Mound, Denton, Highland Village, or any city or community in the Dallas area, expects certain expenses, such as a mortgage, taxes, and insurance. You may even include a few new pieces of furniture in budgeting for your new home. What expenses might you incur that you didn’t anticipate? Our Flower Mound real estate agents have come across a few unexpected expenses homeowners have run into over the years.

Many people who have rented in the past fail to think about bills the landlord may have taken care of, such as water, trash, or even heat. These things add up – and as a homeowner, you will be responsible for all.

Landscaping/seasonal decorating. Every homeowner typically includes groceries, gas, electricity, Internet, mortgage, car payments, and other figures when coming up with a budget, but what about seasonal decorating, spring/summer home projects, and landscaping? These things can really add up, so don’t forget to consider them when purchasing a home.

Home maintenance. Most people who rent can rely on the landlord or property owner to replace rotten boards, fix the roof, repair water leaks, etc. As a homeowner, these costs will now come out of your budget, so be prepared.

Interior updates. When you live in an apartment or rental home, most people are not as apt to redecorate or give their living spaces a fresher look – after all, it’s not really your property! As a homeowner, there will be occasions on which you want to freshen up, whether it’s a coat of paint on the kitchen walls, new window treatments or a different floor in the living room, or even a complete bathroom makeover when yours gets a little tired looking. All of these things add up, so it’s a good idea for homeowners to always put a little extra money away in savings for a “rainy day.”

There is no feeling that compares to owning your own home, but know in advance that there will be little bumps along the way that require your attention, and a little money! Owning your own home in a prestigious Dallas-Ft. Worth metro community is a dream of many, one that you can live with the right approach.

At Team Nelson, our Flower Mound realtors want those who are buying a home in North Texas to be fully prepared for expenses you may not otherwise anticipate. Give us a call today for more tips, or help finding your dream home.

What People Are Saying

  • Working with Kevin was a wonderful experience. We were so unfamiliar with the area and had all the added stress that comes along with moving, Kevin knew exactly how to handle us and the situation. He put us in contact with the right people and we found the neighborhood and home we were praying...

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    Team Nelson really acts as a team to make sure we had feedback and input on both the sale and purchase on two of our homes. While I hope not to be moving anytime soon again, if we did, Bill would be my first call.

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    Curt Evans

    Tara was outstanding thru our whole home buying process. She was always available to answer any questions or concerns that we had. Can’t speak high enough about the service we received.

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  • Bill and his entire team were awesome! Total pros and always will to point me in the right direction through a stresful time! Highly recommend Your Home Free!!

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    If you are looking for the very best Real Estate Agency to sell your home, then Team Nelson is the one for you! Bill's team sold our home with the utmost of professionalism, in a very timely manner, for the price we where hoping for. Bill has a great team, with each member exhibiting a individual...

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    Bill and his team were great to work with and I encourage anyone looking to buy and sell to give them a call. They are extremely knowledgeable in all things real estate and get the job done right. Bill was always very responsive to any questions we had in the buy and sell process. I couldn't have...

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