How to Buy a House - Step 6 - Planning For Home Maintenance Costs You don't think about future maintenance costs when considering how to buy a house, but you should. Whether buying an older home or a newly constructed home, equipment can be faulty and costly to repair.
When learning how to buy a house, usually a home's purchase price can be used to project maintenance costs. The recommendations for annual maintenance costs range from 1.5 to 4 percent of the home's original cost. While this is not always true, especially when the purchase price of a home is three-quarters of a million dollars, it is a good rule of thumb for the average home buyer when contemplating how to buy a house.
Since most home buyers are focusing on making the down payment and not saving for future repairs, a home warranty provides a good back-up plan when keepin your checklist on how to buy a house.
A Home Warranty will cover many major home systems and built-in appliances for one full year after closing. A home warranty will pay to either repair or replace a covered item, and the homeowner pays a minimal deductible rather than the full cost of repairs. It's an easy way to manage your home's finances and plan for those unexpected repairs.
To learn more about managing home maintenance costs and how to buy a house, contact me at 717 514-1793 or Ken@KensHomesales.com
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Harrisburg PA Real Estate Expert
Ken Huebsch: Your premier real estate agent in the Greater Harrisburg area. I am a specialist in Harrisburg real estate as well as the communities of Palmyra, Hershey, and Hummelstown. My wife Leslye and I have a combined 40+ years' experience serving our clients -We KNOW Harrisburg. When you plan to buy or sell Harrisburg area real estate, allow us to work for you. We are dedicated professionals and are here for your success.
For more information on how we can best serve your real estate needs, please complete our online contact form or give us a call. Also, check out what our fabulous clients have to say about us on our testimonials page!
Cell: (717) 514-1793 Email: Ken@KensHomesales.com
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