Tips to Keep Your Monthly Payments Low: Homeownership in 2024

The monthly costs to own a home are more than just your mortgage, taxes & insurance! If you are a budget-minded homebuyer, this is the episode for you!
In this episode, I'll break down the various costs associated with homeownership in Florida, ensuring you're well-prepared to budget effectively ☀️🌴
PLUS...I’ve also got tips to help you keep these costs down! 💵
Starting with the monthly mortgage bill, we will discuss the principal, interest rates, escrow for taxes & insurance, and mortgage insurance (PMI).
We will also dive into the different Neighborhood Fees, including HOA and CDD fees.
And let’s not forget about Property Maintenance & Utilities! From lawn care to pest control, internet to trash collection, you will need to budget for all of the things to keep your house running properly and looking beautiful!
Lastly, I'll touch on the importance of setting aside funds for home repairs. Being prepared can save you from financial stress when unexpected repairs arise!
While homeownership may seem daunting, it's absolutely doable with the right knowledge and planning!
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Melanie Atkinson is a Tampa Bay Area REALTOR® with COMPASS (at time of filming with Smith & Associates). She is a full-time, residential REALTOR® with over 17 years of experience. Whether you are new to the Tampa Area or a long-time resident, Melanie is here to help you navigate the buying & selling process. This channel was started because Melanie loves to show newcomers to the Tampa Area, or those pondering a move, why it is such a special place to call home ❤️🏡
You can register at my website! www.melanielovestampabay.com/...
Call/text me if you are looking to buy/sell a home in the Tampa Bay area!
📞 813.616.2427
License ID: SL3202862
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[@elroyfields4812]

Hi Melanie thanks for sharing. Regarding insurance rates is there a cutoff year of construction that will usually keep your premium reasonable? (no flood zone)?