Hidden Costs of Home Ownership for New Construction Homes Exposed!

There are hidden costs to most things, including home ownership. In new construction, those hidden costs may be a bit different than you’re expecting, especially since most of your home amenities and appliances will be brand-new.
Regardless, I’m going to help you prepare for the hidden costs you may run into when buying a new construction home. Learn what they are so you’re not surprised when you finally settle down in that dream home!
00:00 Intro
01:30 Hidden Cost Number # 1
06:57 Hidden Cost Number # 2
07:50 Hidden Cost Number # 3
14:54 Outro
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😀 Info provided is opinion and for entertainment purposes.
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🔎 Sources
Niche, Wikipedia, TravelTime, Census, Real Estate Commission, NTREIS
😀 Info provided is opinion and for entertainment purposes.
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Hidden Costs of Home Ownership for New Construction Homes Exposed!
#newconstructionhome #homeownership #zakschmidt

[@realtorchic]

🔥🔥🔥 here in FL SERVICERS can’t seem to count! Escrow shortages every year!

[@DARLINGNIKKITV]

Zach, I have to say...I have a realtor that I absolutely love and adore. I wouldn't trade or cheat on her at all for any reason but I must tell you how amazing I think you are. Your videos are so informative and helpful, and if I didn't have a person 🗣 YOU WOULD BE MY PERSON. Keep up the great work ❤️ I'm gearing up for a build in Solterra and if I get the opportunity to run into you I must get a selfie!!

[@zakschmidt-DallasTXrealestate]

Thank you so much my friend. Really appreciate the kind words and support. Best of luck on your new home purchase!

[@robb.7078]

I've also seen hoa assements to join the HOA on new builds. This can be up to 10% of the sell price.

[@DARLINGNIKKITV]

I ran into this when we purchased our first home (new build) in Heartland in 2022. Our mortgage went up $600 because of that 2nd year and the property tax including the actual house being built on it lol

[@AT-zl6dk]

Thank you 🥲

[@shawnfranklin2227]

Learned alot

[@pamelahayes7457]

Love your videos! So helpful !

[@zakschmidt-DallasTXrealestate]

Thnks friend!

[@blindsey1043]

The monoply decore the monopoly man is rolling dice olatung his owb game Please whwre u get that decire ❤❤❤😂i love it

[@zakschmidt-DallasTXrealestate]

for sure those all came from,.. ikonick.com/

[@blindsey1043]

@@zakschmidt-DallasTXrealestate thankz

[@pedrorobles2223]

So I'm having a new house built, the finance people/ lender is saying that I will have to pay the home owner premium at closing then monthly once I move in. My question is do I need to pay fir insurance when I am having a house built before it's even done? Like they are saying, I have to.. not sure if that is right

[@zakschmidt-DallasTXrealestate]

In my experience no. Unless you are doing something custom most production builders you dont own it until you close on it. Which means you cant insure something that is not yours. In order to close and take posession you will have to have it insured. Most of the time on that they will fund your escrow account with one year worth of premuim and then you will begin paying on the future months. But again none of that until right before closng.

[@kenstewart1506]

4:57pm. I’m buying a new construction home in a subdivision. Can I request any upgrades while the home being built. Example, can add a ceiling fan even if it’s not standard?

[@zakschmidt-DallasTXrealestate]

Depends on the builder. There is a certain point you reach when no changes can be made. And often times they will charge a change fee. In the case of a ceiling fan I wouldn’t do it. You can do it cheaper and better post closing.

[@mechellestudio5430]

I want to sell my 2019 built home in Midlothian, but it seems you only do new homes, so can you suggest someone for me

[@zakschmidt-DallasTXrealestate]

I do listings as well. I really enjoy them. Have a lot of fun and they get really great marketing with me. I just do a lot of new construction on the buyer side so if you want to list send me an email or shoot me a text and let’s talk about it.