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How much do you spend on your home?
12-02-2018, 08:19 AM
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#1
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gone traveling
Join Date: Oct 2018
Posts: 309
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How much do you spend on your home?
We spend about $300 per month, just under $210 for taxes and insurance and budget $100 for repairs.
Please note this is not how much did you spend on your home also this does not include upgrades or updates.
Edit: So we are all talking about the same thing please do not include utilities. Just what you pay, if you pay a mortgage than that amount if it's paid off how much you pay for your taxes, insurance, hoa and please estimate how much you pay or budget for repairs (monthly).
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12-02-2018, 08:33 AM
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#2
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Full time employment: Posting here.
Join Date: Oct 2018
Posts: 530
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3k. This only includes payment,taxes, insurance and extra principal. 2 years to payoff then we will be around $500.00 a month for taxes and insurance.
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12-02-2018, 08:53 AM
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#3
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Recycles dryer sheets
Join Date: Aug 2006
Posts: 232
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Mortgage is paid off. Taxes and insurance is around $650 per month.
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12-02-2018, 09:03 AM
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#4
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Bought it 32 years ago, so nothing today.
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12-02-2018, 09:07 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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$2284.11 All in Per Month in 2018. (No Mortgage)
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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12-02-2018, 09:08 AM
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#6
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gone traveling
Join Date: Oct 2018
Posts: 309
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Quote:
Originally Posted by gerntz
Bought it 32 years ago, so nothing today.
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No taxes or insurance and nothing budgeted for repairs?
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12-02-2018, 09:10 AM
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#7
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gone traveling
Join Date: Oct 2018
Posts: 309
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Quote:
Originally Posted by ShokWaveRider
$2284.11 All in Per Month in 2018. (No Mortgage)
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Are you renting?
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12-02-2018, 09:13 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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Quote:
Originally Posted by SmallCityDave
Are you renting?
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LOL, Nope, Owned our home(s) with no mortgage since paying off the first in 1995. But we only have one at a time and always pay cash. That number includes utilities, HOA, EVERYTHING needed to run the home in 2018. Not a LCOL area. We like the amenities and neighbors where we are. We have friends that live in LCOL areas and it is not for us.
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"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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12-02-2018, 09:18 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Property tax is $2400. Insurance $1000. We figure $100 monthly for maintenance. We've added a few things in the last couple years, a gas range and had the driveway paved.
Still much cheaper than our KC home with the ridiculous taxes.
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12-02-2018, 09:22 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 6,985
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Our property taxes are 700/year on a house worth 350k and insurance is 60/month.
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12-02-2018, 09:24 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,655
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Around $4K/mo. Could reduce by $1,850 if we paid off our mortgage, but no plans to do that since it’s fixed at 3.3875.
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12-02-2018, 09:39 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Posts: 2,962
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Property taxes last year were about $3600. However, we rent our 30-acre "back yard" to a local farmer who pays us $3700 per year. Insurance w/umbrella is about $1K annually.
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12-02-2018, 09:44 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,679
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About $6k a year for my studio apartment within a large co-op complex. And it's only that low this year because of two unexpectedly large property tax rebates which, along with the expected third one, nearly eliminated my property taxes due this year.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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12-02-2018, 09:49 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,659
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Property tax: $406
Insurance: $87
Mortgage: $964
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12-02-2018, 09:58 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2011
Location: Placerville
Posts: 1,788
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Property tax; $250
Insurance; $200
Upkeep; $200
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Total; $650
Note; we have 5 acres, of which at least 1 full acre is landscaped and irrigated. Home value is approx $800,000
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12-02-2018, 10:00 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by gerntz
Bought it 32 years ago, so nothing today.
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No property tax, insurance or repairs?
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May we live in peace and harmony and be free from all human sufferings.
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12-02-2018, 10:05 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Coronado
Posts: 3,655
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Property tax, HOA and insurance comes to $850/mo in our very HCOL area.
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12-02-2018, 10:05 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by Teacher Terry
Our property taxes are 700/year on a house worth 350k and insurance is 60/month.
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Where do you live? Typical property tax rate is about 1.2%. Yours is really low. The insurance premium is pretty low also.
Looks like Hawaii has really low tax rate:
https://taxfoundation.org/how-high-a...es-your-state/
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-02-2018, 10:16 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,148
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Some confusing answers above, how could you spend nothing?
We're at $459/mo - $152 prop tax, $105 insur, $71 HOA, $58 lawn fert, $73 other, $0 mortgage. But that's going to go up next year when DW buys her dream home...
I did not include utilities, TV, phone, etc. that would add considerably.
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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12-02-2018, 10:24 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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Quote:
Originally Posted by ShokWaveRider
$2284.11 All in Per Month in 2018. (No Mortgage)
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Just to break it down a little, for those who think that it is just Taxes and insurance are the only home costs. These are monthly numbers for 2018, I am not including all our, what we consider mandatory costs.
RE Taxes: $535
Insurance: $170 (Home, Flood, Termite Bond, Umbrella)
Cable & Internet: $130
Utilities: $300
Telephone: $80
House Maintenance: $300
HOA: $300
We live in what I call a Medium Cost of Living area.
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"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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