| According to a recent report, only about 38% of homeowners say they were prepared for ownership costs beyond a mortgage payment. Those include property taxes, PMI, insurance, HOA dues…plus home maintenance, remodeling, yard care, pest control, cleaning services, utilities, and more. Buyers should estimate about $1 per square foot per year for these expenses. So a 2,000 sf house would require $2,000 per year, more or less, depending on the condition of the home. |