4 home functions that sound good but can cost you a lot of money



If you want to To buy a house, you may want this property to meet certain criteria. Perhaps you need a certain number of bedrooms, a minimum number of bathrooms, or other improvements such as an open floor plan.

But beware: some of the home functions that seem enjoyable can actually cost you a lot of money – money that you’ll need to shell out in addition to your monthly ones. mortgage payments. Here are a few to keep in mind.

Start your path to financial success with a bang

Get free access to select products we use to help us meet our financial goals. These fully proven options can be the solution to help boost your credit score, invest more profitably, create an emergency fund, and more.

By submitting your email address, you agree that we will send you monetary tips along with products and services that we believe may be of interest to you. You can unsubscribe at any time. Please read our Privacy statement and Terms and Conditions

1. Duplex rooms

One of the things that prompted my husband and I to buy our current home was the two-story living room. We loved how our main floor looked so open. Fast forward more than 10 years and I can tell you that while these ultra-high ceilings can look pretty, our lower floor is a heating nightmare because of this feature.

As the temperature rises, those of us on the couch don’t get much heat, and so we have to pump up heat to stay warm. Result? Very expensive bills.

2. Large-sized windows.

Another feature of our home that we really liked when we bought it is the large windows. We have them in the living room and above the front door, and they let in a lot of natural light. In addition, they look really beautiful and unique.

The problem, however, is that shutters or shutters that are too large can cost a lot of money as they usually need to be made to order. In fact, although we paid about $ 150 per window to put curtains on our regular windows, at the time we quoted $ 600 for our large windows. And if you don’t close those large windows, they can let in a lot of heat in the summer, making your air conditioning bills more expensive.

3. Swimming pool

Although in our house there is no poolour neighbors have one and trust me when I say they spend countless hours and a lot of money keeping this pool up and running. In fact, HomeGuide estimates that pool maintenance costs an average of $ 960 to $ 1,800 a year, but that figure only covers things like chlorine and cleaning. When you include water and electricity, the average annual cost of owning a pool is between $ 3,000 and $ 5,000.

Where I live, eight weeks of summer camp can easily cost many thousands of dollars per child, so if you have multiple children, a pool can be a good investment. But if you are going to buy a house with a pool, make sure you really benefit from it – especially if you live in an area where the pool can only be used for a few months of the year due to the climate.

4. Wooden deck.

Many people prefer the look of natural wood to woodgrain for backyard terraces. My husband and I felt the same when we put ours. But now we understand how expensive it is to maintain wood flooring.

Not only do we have to rent a pressure washer every year to clean our deck, but we also have to grind and refurbish or paint it every two years. If we do the job ourselves, annual maintenance can only cost a few hundred dollars, but sanding and painting a deck can be a multi-day job, depending on the weather, and we can’t always fit it into our schedules as we are working in full. -time within a week. When we need to outsource work, it can easily exceed $ 1,000 per year.

Prepare for maintenance costs

No matter what type of home you buy, you need to consider the cost of maintaining your home. budget… But you should also be aware that maintaining certain features may cost more than servicing others. Keep them on your radar so you don’t get caught off guard.


Source link