Owning a home is a major milestone—and a dream for many families. But beyond the mortgage, hidden costs of homeownership can sneak up on you. If you’re not prepared, these expenses can strain your budget and cause unnecessary stress. At B’resheet, we believe that knowledge is power. Let’s break down these costs and show you how to plan with confidence.

What Are the Hidden Costs of Owning a Home?

When you buy a home, your monthly mortgage isn’t the only cost. Many new homeowners are surprised to discover the hidden costs of homeownership—expenses that don’t always show up in real estate ads or lender documents.

H2: Common Hidden Homeownership Costs

1. Repairs and Maintenance

Even new homes need regular upkeep. Think roof repairs, plumbing leaks, HVAC tune-ups, or simple things like replacing a water heater.

Tip: Save 1–3% of your home’s value each year for repairs. For a $250,000 home, that’s about $2,500–$7,500 annually.

2. Landscaping and Outdoor Care

Lawn equipment, tree trimming, and pest control are often overlooked. In some neighborhoods, homeowner associations (HOAs) require regular upkeep.

3. Utilities and Services

Water, gas, electricity, trash collection, internet, and sewer fees can add up quickly, especially if you’re moving from a rental with fewer responsibilities.

4. Property Taxes and Insurance

These are ongoing costs that can rise each year. Make sure to check your escrow account regularly so you’re not caught off guard.

Check your local tax rates at https://www.huduser.gov/portal/datasets/il.html Property Tax Resources.

5. Homeowners Association (HOA) Fees

If your community has an HOA, you’ll likely pay monthly or annual dues. These can range from $100 to $1,000+, depending on your area and amenities.

H2: How to Prepare for Hidden Homeownership Costs

At B’resheet, we believe that with the right preparation, every family can own a home confidently and sustainably.

Build a Housing Budget That Goes Beyond the Mortgage

Use a homeownership budget worksheet (download below!) that includes categories like:

• Maintenance & Repairs
• Utilities
• Emergency Savings
• Property Taxes
• Insurance & HOA Fees

Start a “House Fund” Emergency Savings Account

Having 3–6 months of expenses saved in a separate account will protect you from financial surprises like a burst pipe or major appliance failure.

Get Educated Before You Buy

Join a free first-time homebuyer class through B’resheet. We teach you what to expect, how to budget, and how to spot costs before they become problems.

Call to Action: Let’s Plan—Together

Ready to own a home without surprises? B’resheet is here to walk with you every step of the way.

Contact us today for a free housing readiness check
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