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Consider the Maintenance Costs
Whether buying a new or older home, it is good to know what your ongoing maintenance costs will be.
The maintenance costs can range from 1.5% to 4% of the home's original price. This does not necessarily apply to homes over a million dollars, however, it is a reasonable average for many home buyers, especially on starter homes.
If money is tight... consider a home warranty to protect you from unplanned costly repairs. Home warranties will cost between $300-$400 and cover many major home systems and built-in appliances for one full year after close.
A home warranty will either pay to repair or replace a covered item and the homeowner pays a minimal deductible rather than the full cost of repairs.
Our agents can answer any questions you may have about obtaining a home warranty.
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