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5 Expenses Homeowners Pay That Renters Don't

Zillow

So before you meet with a real estate agent, consider these five costs homeowners pay that renters don't - they could make you reconsider buying altogether. Property taxes. As long as you own a home, you’ll pay property taxes. On average, HOA fees cost anywhere from $200 to $400 per month.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Make Predictable Monthly Payments When you're a renter, you're at the mercy of a landlord. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too.

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Buying a Second Home – What You Need to Know

PennyMac

Renters rely on landlords who take care of their property. Even if you aren’t living in your second home or renting it out, you still have to take care of the property. If you’re renting, there’s also landlord insurance. Budget for times when a rental property doesn’t have tenants or if you rent for short-term periods.

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The Complete Guide to Buying a Home After College

Raleigh Realty

These challenges can be overcome if you find a great real estate agent. A landlord can ratchet up rental payments whenever they want to. Gain Tax Deductions Once you graduate into the real world and land a job, you'll have to pay taxes. And for one more benefit, you can deduct your property taxes.

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How to Buy a Home as a Single Mom or Dad

Raleigh Realty

Maintenance - You don’t have to worry about maintenance or yard work, as those are all things that a landlord or property management company would take care of for you while you are renting a property. Be vocal about your specifications for your ideal home with your real estate agent.