A $200,000 home costs more than a $185,000 home, right?
Well, yes andno. Assuming the same type of financing for both homes, the $200,000 homedoes cost more initially. But many factors contribute to the overall long-termcost of a house. Here are some things to keep in mind when trying todetermine the true cost of purchasing a particular home:
• Does it have a pool or hot tub that requires maintenance?• How much yard maintenance is required and who will perform it?
. • Are there trees that should be removed?
• What are the utility costs? Although your usage won’t be exactly the sameas the current owners, you may be able to get their utility bills for the pastyear from them or directly from the utility company.
• How soon will the roof need to be replaced?
• Does the house need repainting?
• Does the electrical system need upgrading to handle the load for yourappliances and electronics?
• Does the home have aluminum wiring, lead-based paint, or other safety orhealth hazards you will want to address?
• Does the house need new carpeting or flooring?
• What remodeling projects do you see as a must?
• Will appliances need replacing? What items convey?
• What are the estimated property taxes for the property?
Also, be sure to get a professional inspection to identify other potentiallycostly problem areas.Tips for BuyingHow much does that home really cost?This information is brought to you by a proud member of the Texas Association of REALTORS®. Whenever you buy, sell,or lease real estate, make sure your agent is a REALTOR®.
Janna & Jerry Burton
William Davis Realtors
972-625-0852 - Office
214-850-9014 - Cell
http://www.burtonteam.com Search all available homes in the DFW area.