budgeting house cost (HOA, insurance, appliances)

[xpro]

I'm looking into buying a house in the Mandarin area. I'm coming up with the expected monthly costs so I can budget properly.

The house is 2000 sq feet and these are the costs I have come up with

property tax: $200
electric and water: $200
internet: $80

Total $480 per month for property tax and utilities.

It will be just a single person living in the house. Are those costs fairly accurate? anything else I'm missing?

[sware2cod]

Home Owner's Insurance.

[xpro]

Originally Posted by sware2cod

Home Owner's Insurance.

How much should I be expecting for that? it's a 1994 house with wind mitigation.

[ShakenStirred]

Originally Posted by xpro

I'm looking into buying a house in the Mandarin area. I'm coming up with the expected monthly costs so I can budget properly.

The house is 2000 sq feet and these are the costs I have come up with

property tax: $200
electric and water: $200
internet: $80

Total $480 per month for property tax and utilities.

It will be just a single person living in the house. Are those costs fairly accurate? anything else I'm missing?

$200 for property taxes seems really, really low. Did you mean $2000?

Also, you need to budget for maintenance items....roofing, ac, painting, appliances, etc.

SS

[xpro]

Originally Posted by ShakenStirred

$200 for property taxes seems really, really low. Did you mean $2000?

Also, you need to budget for maintenance items....roofing, ac, painting, appliances, etc.

SS

I meant $200 per month. Even though it's paid annually I will be putting money aside for it on a monthly basis. I think for maintenance it's about $100 a month too. so I'm looking at total of $680 per month. That's more than I was expecting.

[Purifyone]

If you live where there is an HOA fee yearly for the neighborhood.
1994 house -- not sure if that electric bill would be that low, depending on the
type of construction and insulation.

[xpro]

Originally Posted by Purifyone

If you live where there is an HOA fee yearly for the neighborhood.
1994 house -- not sure if that electric bill would be that low, depending on the
type of construction and insulation.

How much electric are you paying? I would have the thermostat set at about 77/78F

Honestly I'm surprised how expensive just the utilities and taxes are by themselves. House does not look like such a good investment.

[Purifyone]

Live in mandarin, 1994 house, frame built, 2300 sq ft with pool, day time i am at 78/night time at 72/
3 people live here full time. new hot water heater, new pool pump, got the attic insulated last year..only thing left to get is new windows..I am on budget billing at $450.00 a month. summer can go at high at $500+ and winter in the $300+. I would LOVE a bill cheaper...but not sure what else I can do.

[xpro]

Originally Posted by Purifyone

Live in mandarin, 1994 house, frame built, 2300 sq ft with pool, day time i am at 78/night time at 72/
3 people live here full time. new hot water heater, new pool pump, got the attic insulated last year..only thing left to get is new windows..I am on budget billing at $450.00 a month. summer can go at high at $500+ and winter in the $300+. I would LOVE a bill cheaper...but not sure what else I can do.

Wow that's very expensive. The water, sewage and electric are all on that one bill right? How much of the $450 is for electric only? I think the main reason for the high cost is your pool.

[Purifyone]

It is the way the house was built so I have been told over the last 14 years.
JEA has been out here numerous time, not the pool. This month total bill was $480.00
electric was $380, the rest was water and sewer. Don't forget you also want to
get the termite bond, that will be an annual fee.