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Before you buy that home, avoid utility bill shock

Source: CNBC
Housing affordability isn’t just about your monthly mortgage or rent payment. Utility bills can also add up.

 

Median spending on utilities is $2,715 per year – or $226 per month – for single-family homes, according to a new analysis from real estate website Trulia. Even when you’re comparing homes of similar sizes and prices in the same region, it found, energy costs can vary widely based on factors like the local utility providers’ rates, the age of your home and the size of the lot it sits on.

 

To avoid a surprise, ask about utilities during your hunt. Real estate listings often include estimates, but it’s smart to ask for a copy of recent statements to see real numbers.

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About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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714-835-7126

714-835-7126

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