Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Housing Cost Revisit- What's your expense to keep your house afloat?
Old 11-15-2013, 09:26 AM   #1
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 443
Housing Cost Revisit- What's your expense to keep your house afloat?

Housing cost Revisit- What's your expense to keep your house afloat? please do NOT include your mortgage. Since we like to compare apple to apple, we like to see the cost of true housing. For now, just assume your mortgage is zero.

Mortgage: not included
Cable TV,internet: not included

Taxes: $3400
Ins: $650
Utilities: $2600
HOA: $180
BackYard work: $720
Front door repair: $120
3 new toilet+labor: $550
Window treatment: $125
New dehumidifier: $280
New humidifier: $90
-------------------------
TOTAL $8220.00

wow.. that's alot of money not including the mortgage. Money that flushed out just to keep the house afloat.

Enuff

what's your?
__________________

__________________
Enuff2Eat is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-15-2013, 09:41 AM   #2
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,164
Remember, house are "money pits", but you have to live somewhere. On our $235,000 home in Texas:

Taxes: $4800/yr
Ins: $1200/yr
Utilities: $400/mo. (water, gas, elec, cable)
Upkeep: ~ $100/mo. (misc. repairs)

$15.6K per year.

(or $1300 per month, about the same as apartment rent here)
__________________

__________________
aja8888 is offline   Reply With Quote
Old 11-15-2013, 09:54 AM   #3
Thinks s/he gets paid by the post
 
Join Date: Jul 2012
Location: Mississippi
Posts: 1,878
Quote:
Originally Posted by Enuff2Eat View Post
Housing cost Revisit- What's your expense to keep your house afloat? please do NOT include your mortgage.

what's your?
No problem, I don't have a mortgage . My utilities include cable/internet.

Utilities $318/month 3816/yr
Tax 140/month 1680/yr
Ins 90/month 1080/yr
misc/maint 50/month 600/yr

total 598 7176
__________________
rbmrtn is offline   Reply With Quote
Old 11-15-2013, 10:05 AM   #4
Full time employment: Posting here.
 
Join Date: Jan 2011
Location: Just North of Boston
Posts: 519
let's see...
Taxes: $6200
Ins: $1100
Utilities: $7200 (Electric, water, wood)
BackYard work: $3000 (no including all the time supplies the SO puts into the yard)

Total: $17,500, about $1,500 a month.
__________________
ChiliPepr is online now   Reply With Quote
Old 11-15-2013, 10:17 AM   #5
Thinks s/he gets paid by the post
Brett_Cameron's Avatar
 
Join Date: May 2011
Location: South Eastern USA
Posts: 1,010
Property Tax: $914/year
Insurance: $2,418/year
HMA: $100/year
Yard Care: $900/year
LP Gas, electricity, water, garbage collection: $4,474/year
2013 House Repairs/Maintenance: $2,125. (includes central AC external unit replacement)

Total: $7,599.62 per year or $633 per month for 3000 sq ft, 4 br, 1 1/2 story house on a lake.
__________________
All that glitters is not gold. -G. Chaucer, W. Shakespeare
All that is gold does not glitter. -J.R.R. Tolkien
Brett_Cameron is offline   Reply With Quote
Old 11-15-2013, 10:32 AM   #6
Recycles dryer sheets
 
Join Date: Oct 2011
Location: Upstate Ruralia
Posts: 283
Interesting....It may he helpful too to include the state you live in, and whether it is "rural" or "urban" in nature....

Here goes...North-Western PA, on edge of Allegheny National Forest, rural area, 1986 ranch house value @ 165,000. on paved State road, approx 1 acre. Water Well, Turkey Mound Septic System.

Annual Costs From 2013 Spreadsheet:

Real Estate/School Tax: 1862
Home Insurance: 612 (repl. cost 230,000)
Natural Gas Heat/HW: 1311 (includes semi- heated 30x30 garage)
Electric Co-op 1040
Garbage Pickup 144

TOTAL: 4969/year or 414/month.

About the same as an apartment rentals around here, WITHOUT utilities.
__________________
Lcountz is offline   Reply With Quote
Old 11-15-2013, 10:49 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,018
Condo fees $265/month = $3180/year
Property tax $1650/year
Insurance $300/year
Utilities $25/month = $300/year
Maintenance and improvement $800/year (based on underspending a budget of $1000)

Total $6230
No mortgage
British Columbia
__________________
Meadbh is offline   Reply With Quote
Old 11-15-2013, 11:06 AM   #8
Recycles dryer sheets
 
Join Date: Apr 2011
Location: Castro Valley
Posts: 400
Property Tax: $440/month
Utilities: $375/month
Insurance: $100/month
HOA: $50/month
Maintenance: $100/month

Total: $1065/month $12,780/year

4 bedroom house in SF Bay Area (2050 sq ft)
__________________
jkern is offline   Reply With Quote
Old 11-15-2013, 11:37 AM   #9
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 7,164
Quote:
Originally Posted by Meadbh View Post
Condo fees $265/month = $3180/year
Property tax $1650/year
Insurance $300/year
Utilities $25/month = $300/year
Maintenance and improvement $800/year (based on underspending a budget of $1000)

Total $6230
No mortgage
British Columbia
Utilities $25/month? Our fuel cost adjustments on power use are more that that per month. How do you do this? Is cable/TV/Internet included?
__________________
aja8888 is offline   Reply With Quote
Old 11-15-2013, 11:47 AM   #10
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,890
Costs during ALL of 2012 (annual, not monthly, thank goodness!):

Taxes: $956
Insurance (homeowners+flood): $2301
Utilities: $1612 (water/sewer/trash, natural gas, electric)
HOA: $0, no HOA
Lawn guy to cut the grass: $1400
Plumber and new hot water heater: $618
Hurricane repairs (replace wall to wall carpet in living room): $511
Termite Inspection $95
-------------------------
TOTAL $7493 ( = $624/month)

The two bedroom apartment I lived in prior to buying my house is now going for $1105/month, and my quality of life is much better now. But then, I have paid off my mortgage so I would expect an advantage in my monthly outgo.

This is for a 3 bedroom, 2 bath, 1600 square foot home on a 50'x100' lot in a relatively nice New Orleans inner suburb (very urban, Lcountz!).
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 11-15-2013, 11:55 AM   #11
Recycles dryer sheets
MikeWillRetire's Avatar
 
Join Date: Apr 2012
Posts: 162
Property tax and insurance: 4200
Utilities: 2280
Water and Sewer: 780
HOA: 300
Maintenance: 6000 (it is high because I save for future renovation)

Total: 13,560/year = 1130/month

3 bedroom house in Maryland (1300 square foot plus a 625 sf basement)
__________________
MikeWillRetire is offline   Reply With Quote
surprise
Old 11-15-2013, 12:18 PM   #12
Recycles dryer sheets
 
Join Date: Oct 2005
Posts: 443
surprise

Wow, With all the number posted so far. No wonder why people need to work much longer to support and keeping their housing just afloat.

How does a low income person can afford to keep their house? let alone eating, and unexpected bills?? $600-$1200/mon without mortgage?? Social security aren't gonna cut it. :-(
__________________
Enuff2Eat is offline   Reply With Quote
Old 11-15-2013, 12:29 PM   #13
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,890
Quote:
Originally Posted by Enuff2Eat View Post
Wow, With all the number posted so far. No wonder why people need to work much longer to support and keeping their housing just afloat.

How does a low income person can afford to keep their house? let alone eating, and unexpected bills?? $600-$1200/mon without mortgage?? Social security aren't gonna cut it. :-(
My $624/month cost is about half of the average SS payment ($1269/month in July, 2013 according to ssa.gov). So, that would only leave me with $644/month for everything else.

But then, if I had nothing but SS for retirement, I would be living in a much smaller, cheaper house. This one is a median priced home, here. People need to be realistic about what they can and can't afford.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 11-15-2013, 12:34 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,420
Retirement on just SS, and for a single person? Where's Masterblaster with his photo when we need him?

Oh well, I will have to do the job. Here's how one can live for $1000/month.

__________________
NW-Bound is offline   Reply With Quote
Old 11-15-2013, 12:37 PM   #15
Full time employment: Posting here.
 
Join Date: Mar 2012
Location: seattle
Posts: 643
Quote:
Originally Posted by Enuff2Eat View Post
Wow, With all the number posted so far. No wonder why people need to work much longer to support and keeping their housing just afloat.

How does a low income person can afford to keep their house? let alone eating, and unexpected bills?? $600-$1200/mon without mortgage?? Social security aren't gonna cut it. :-(
Also, [without having looked very closely] it's looking like most rental units in the U.S. are seriously under priced.
__________________
bld999 is offline   Reply With Quote
Old 11-15-2013, 01:31 PM   #16
Recycles dryer sheets
 
Join Date: Jan 2006
Posts: 162
14,500 Taxes
2,000 Insurance
2,200 Electric
1,850 Gas Heat
1,800 Cable/Phone/Internet
1,300 Lawn
1,200 Pool
-------------------------------
24,850

So about $30k/year if you include home maintenance and repairs.
__________________
Seems to me that the corporation's race to the top is resulting in a race to the bottom for the employee's quality of life. FIRE can't come soon enough.
kjpliny is offline   Reply With Quote
Old 11-15-2013, 01:37 PM   #17
Moderator
ziggy29's Avatar
 
Join Date: Oct 2005
Location: Texas
Posts: 15,612
While my wife is working as clergy and we have a parsonage provided for our use, we pay about $10 per month on a renter's policy and maybe $20 a month on average for little around the home things we fix up a little on our own. All the other significant expenses and utilities are assumed by the church (only the satellite TV bill is our responsibility, and if we get better Internet here, I'd probably give that up). So our own "housing costs" are probably less than $500 a year right now.

This is how you can live pretty well on a household income of about $30K.

We are probably burning close to $4000 a year on the house we're trying to sell, but we hope an offer is coming early next week; our agent seemed to think that was coming when I talked to him yesterday.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
ziggy29 is offline   Reply With Quote
Old 11-15-2013, 01:58 PM   #18
Administrator
Janet H's Avatar
 
Join Date: Feb 2007
Location: Pacific NW
Posts: 4,956
2,900 Taxes
2,300 Insurance
3,600 Electric, water, garbage
1,800 Cable/Phone/Internet
3,100 repairs, Lawn, etc

---

14,700
__________________
E-R.org Custom Google Search | You're only given a little spark of madness. You mustn't lose it. (Robin Williams)
Janet H is offline   Reply With Quote
Old 11-15-2013, 02:20 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,432
Not quite sure what the point is but I'll contribute.

~ 2,000 sf lakefront home in northeastern Vermont

Property taxes.........$5,950
Insurance....................550
Propane....................1,250 (heat, hot water and propane cook stove/oven)
Cord wood...................450
Electricity....................950
Snow removal..............500
Repairs/maint...........1,500 (provision, varies from year to year)
Telephone....................150 (Ooma Premier)
Satellite TV..................800 (Dish, 2 tuner DVR & one other TV)
Internet.......................600
Trash/recycling.............200
Total.....................$12,900
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Old 11-15-2013, 02:24 PM   #20
Thinks s/he gets paid by the post
Major Tom's Avatar
 
Join Date: Nov 2009
Location: SF East Bay
Posts: 3,129
I don't think this thread really applies to me as I don't own a home, but I'll put my 2 cents in anyway (as I did the last time this subject came up in a thread). As you don't want mortgage included, I suppose that means you don't need to know how much rent I pay - but I'll tell you anyway.

After my rent of $640/month is paid, my other housing related expenses are minimal -

Electricity/water/gas - included in rent
Maintenance - included in rent
Landline + DSL service - $30
No cable

I live in the East Bay part of the SF Bay area.
__________________

__________________
ER, for all intents and purposes. Part-time income <5% of annual expenditure.
Major Tom is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 06:25 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.