Here's how much homeownership costs per year, on top of your mortgage

If you're gearing up to buy a home, you've likely readied yourself for high home prices and higher mortgage rates. But thousands of dollars worth of hidden home costs may take some buyers by surprise.

"Really, it's just the starting line of another type of financial commitment, which is the ongoing costs of homeownership," he said. Over a decade, we're talking about $180,000 in"hidden" expenses,"costs that people don't necessarily take into account when they're first-time homebuyers," Ostrowski explained.2019 vs. 2024: Homes are harder to find, and even harder to afford Emily Hanford-Ostmann 3:48 PM, Jun 05, 2024 The tab of hidden expenses includes property taxes, homeowners insurance, and utilities like energy, internet and cable bills.

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2019 vs. 2024: Homes are harder to find, and even harder to affordEmily Hanford-Ostmann is an Emmy-nominated producer and graduate of the E.W. Scripps School of Journalism at Ohio University.
Source: 10News - 🏆 732. / 50 Read more »

Jobs report shows added jobs, higher wages in May; Unemployment edges up to 4%Emily Hanford-Ostmann is an Emmy-nominated producer and graduate of the E.W. Scripps School of Journalism at Ohio University.
Source: 10News - 🏆 732. / 50 Read more »