What Does It Really Cost to Own a Home? Expenses Every Homeowner Should Budget For

When most people think about the cost of homeownership, the first number that comes to mind is the monthly mortgage payment.

While the mortgage is certainly one of the largest housing expenses, it’s only part of the financial picture. Owning a home comes with a variety of ongoing costs that can add up over time, from property taxes and insurance premiums to maintenance, repairs, and utility bills.

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Energy-Saving Upgrades Homeowners Are Prioritizing

Many homeowners once treated energy efficiency as optional.

People usually consider it during major renovations, while building a new home, or after opening an especially painful utility bill in the middle of summer.

Today, rising utility costs and growing awareness around household energy use are pushing efficiency upgrades much higher on homeowners’ priority lists.

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