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Hidden costs
In addition to the principal, mortgage-payments, taxes, insurance and closing costs, there are numerous hidden costs of home ownership that most first-time homebuyers are unaware of.
One-time purchase
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Deep cleaning
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Changing locks and keys
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Window treatment – blinds, curtains, rods
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Tools – basic repair tools, lawn mowers, snow blowers, leaf blowers, grill
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Furniture
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Fire extinguisher, garbage bins
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Home security installation
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New appliances
Recurring fees
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Property Taxes
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Utility bills – gas / oil, water, electricity
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HOA fees
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Exterior maintenance – sprinklers, new plants
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Paint
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Internet
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Home security subscriptions
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Air duct cleaning
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Gutter cleaning
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Chimney cleaning
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Yard maintenance
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