What are some of the monthly or annual operating costs of a residential property?

By
Industry Observer

What are some of the monthly or annual operating costs of a residential property?

Some, but not all, of the ongoing costs that you may incur when you own a property include:

  1. mortgage payments (including principal and interest)
  2. property taxes
  3. hydro
  4. water
  5. sewage
  6. septic tank cleaning
  7. natural gas (commodity and delivery)
  8. oil (commodity and delivery)
  9. property insurance
  10. condo maintenance fees
  11. maintenance fees
  12. grass cutting service
  13. snow removal service
  14. landscaping service
  15. maid cleaning service
  16. home owner association dues
  17. tree trimming
  18. pest control
  19. pool cleanup fees
  20. lawn sprinkler maintenance
  21. property insurance
  22. cable TV or satellite television
  23. telephone landlines
  24. alarm monitoring fees

What are some of the monthly or annual operating costs of a residential property?

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Dr. Stacey-Ann Baugh 11/12/2010 03:04 PM
  2. Not a real person 06/18/2011 11:10 PM
  3. Jim Frimmer 06/19/2011 02:15 PM
  4. Donna Malone 06/19/2011 04:25 PM
Topic:
Real Estate General Information
Location:
Ontario York Region Scarborough
Tags:
buyers

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Rainmaker
2,446,675
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

  Good list....sometimes buyers look at condo fees and think they will pay "nothing" if they have a single family home....as if there were no maintenance and replacement costs ....ahhh...but we know better !

Nov 08, 2010 11:08 PM #1
Rainmaker
1,144,814
FN LN
Toronto, ON

Hi Sally and David - Semi-detached houses and townhouses will also incur maintenance and replacement fees as well.

Nov 08, 2010 11:13 PM #2
Rainmaker
526,147
Dr. Stacey-Ann Baugh
Century 21 New Millennium - Upper Marlboro, MD
A doctor who makes house calls.

This is a great list.  I am going to reblog this.

Nov 12, 2010 03:03 PM #4
Rainmaker
1,113,765
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

At the risk of sounding ignorant, I have to ask what “hydro” is, especially since you listed water right below it. Hydro to me has always meant water. Is it a Canadian thing (I was told to say that by someone sitting just a few feet from me; it’s his fault). J♪♫♫♪

Nov 18, 2010 06:46 PM #5
Rainmaker
1,144,814
FN LN
Toronto, ON

Hi Stacy-Ann - Thanks for the reblog.

Nov 20, 2010 02:21 AM #6
Rainmaker
1,144,814
FN LN
Toronto, ON

Hi Jim - We use the term "hydro" and "electricity" interchangably to describe the same type of utility in Ontario and likely across Canada.  But you are correct that hydro is related to water.  I think I will write a separate post in the near future on this topc.

Nov 20, 2010 02:28 AM #7
Rainer
639,083
Carl Winters
Canyon Lake, TX

You don't realize the expense until you see it listed; then you realize the cost of having a place to live.

Jun 18, 2011 02:36 AM #8
Ambassador
1,603,798
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Mark I came via Russel's Re-blog.   This is certainly a great list, it should give new home buyers an idea of what owning a home involves.

Jun 19, 2011 12:13 AM #9
Rainmaker
140,919
Aida Pinto
United Associated Brokers - Downey, CA
Real Estate Broker (562) 916-3237

Hi Mark...yes, I came by your blog via Russel's blog....like Jennifer says....it is a great list....and I will reblog with just one slight change....the Hydro thing! ...I don't know what that is either....lol!

Jun 26, 2011 12:04 PM #10
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Rainmaker
1,144,814

FN LN

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