What are the monthly expenses of owning a house?

I need to cut down on some expenses. What are the monthly costs of owning a house?

Question from Joshua Ramirez - Mon 2021-04-08

Answers 2

  • It depends on the size of your house, where you live, and how much upkeep you do yourself. But in general, you can expect to spend between $1,000 and $2,000 per month on a mortgage, property taxes, homeowners' insurance, and utilities. If you want to reduce your costs further, you could always consider downsizing to a smaller home or moving to a less expensive area. You could also try doing some of the repairs and maintenance work yourself instead of hiring a professional. Just be careful not to take on more than you can handle!

    Response from David Wilson - Mon 2022-08-05

    Owning a house can be expensive, but there are ways to cut down on your monthly costs. One way to reduce your monthly expenses is to downsize your home. Another way to save money is to get a roommate or two. You can also limit the number of times you turn on the air conditioning or heat each month. Finally, make sure you are getting the best deal on your mortgage and homeowner's insurance.

    Response from Karen Hill - Mon 2022-09-08

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