How much will utilities be?
If you are currently living in a rental home or apartment, you may not be paying all the utility bills you will be responsible for. If you are moving from California or another more steady climate, you will need to be ready for high energy bills that will come during the summer when you will have to run your AC. If you are purchasing a new home, the builder will often have an utility bill estimate for how much you will pay, otherwise you may want to contact the local utility companies to see if they offer a per square foot estimate or if they have any content that will help you determine your potential energy bills.
How much are HOA Dues?
Every HOA is different and charges different dues. HOA’s can simply provide management to the community or include community clubhouses, pools, tennis courts, golf courses, basketball courts, and more. Your real estate agent will be able to show you how much the HOA dues are for each house you visit and what is covered by each HOA. Once you are in escrow you will be able to get a copy of the HOA rules and regulations to see what exactly is permitted in the community. You will want to read through this carefully as some HOA’s have the power to require you to make certain upgrades that may cost you a lot of money. If you get these rules, you will have the chance to back out of the sale if you do not agree with the HOA’s regulations. HOA dues can be paid monthly, quarterly, or annually and we’ve seen them range from $30 to over $300, so make sure you take notice of the HOA dues when you go to purchase a home in Henderson, Las Vegas, or Boulder City.
Budgeting out what all goes into owning a home will help you make a more prepared decision when purchasing a home in Henderson, Las Vegas, or Boulder City. The last thing you want is to find yourself house poor and unable to travel and spend money on what you want because your home is taking up so much of your income. Hiring a licensed real estate agent from Nevada Desert Realty will help you make informed decisions and will get you in contact with a trustworthy mortgage lender.