Getting Along in a New City: Homeowner Costs

by Robin Tanner 01/19/2020

Image by Mohamed Hassan from Pixabay

There are many parts and pieces that go into relocation. Finding the perfect home is, of course, an important step in the process. But once you have found a residence in your new city or town, it is crucial to consider other home-ownership factors that will affect your monthly and annual expenses. As part of your relocation preparation, research what other fees and bills you may need to pay outside of your mortgage. 

If you’re moving to a new state, review the escrow process and any new, or different, closing costs that may increase the amount you’ll owe. Understand what annual property taxes will be assessed and fees you will be responsible for. Homeowners Associations may also function differently in your new city or state. Closely review all paperwork and research what costs are normal for the area. Know what your requirements are as a homeowner, so you don’t agree to anything outside the norm or incur fees from not aligning to your contract.

Utility costs vary from city to city and state to state, but even within the same city, prices can be different from neighborhood to neighborhood. While you’re house hunting, include a visit to the electricity, water, gas and trash company websites that service the homes you’re considering. For electricity and water, learn what the costs are per unit, time of day and any special programs available for conservation. See what bins your new trash company offers and how much they charge per month. There might be different sizes available to you at different pricing, along with compost or yard waste bins and lower to even free rates for recycling. Your new city may also have monthly fees for general upkeep of parks, greenbelts and other public services.

When you consider the monthly mortgage payment you can afford, it’s smart to take these other costs into account. You might be able to make a mortgage payment, but a high electricity or water bill might put your monthly outgo outside your budget. It’s easy to forget about these little (or big) costs. Make your move easy and successful by planning for monthly and annual costs outside of your mortgage.

About the Author
Author

Robin Tanner

Robin’s Mission Statement: I am here to help people realize their dreams!!

Robin Tanner has lived in Benicia for over 30 years, and is very grateful to wake up every morning in this beautiful little town. She is your neighborhood consultant, not a salesperson. Because of this you will get all the latest information on schools, neighborhoods and about the town in general. She was a teacher in her past life, making her an expert educator. You can be sure she will help you make the best-educated decision possible when buying or selling your home.

Her love of working with people and helping them find what they want and need, will make this a fun and exciting journey. She has a great team alongside her that can help with your FICO scores and loan approvals as well as helping cross any other bridge you may come to (Short Sales and Foreclosures). Her team helps everyone with all aspects of the buying and selling procedure, and will do what needs to get done to make this a positive experience.

Robin believes that as part of her job she must continue to grow and learn. To achieve this goal, she is always taking classes to advance her knowledge of the Real Estate industry. You will be informed of all new information pertaining to any Real Estate.

She lives passionately and adventurously and is so grateful for all the fantastic clients she has had over the years, many of whom have become great friends! When Robin isn’t working as your real estate consultant, she is enjoying the outdoors while boating, horseback riding or gardening.

Areas served: Solano County & Contra Costa County

Specialties: Residential Properties, Relocation, Luxury Market, Seniors Community,Ranch/Ranchettes, Land, Mobile Homes, Short Sales, Bank Owned, Industrial/Warehouses, Investment Properties, Residential Income

Awards/Achievements:
• Thomas R Stone Associate of the Year 2011
• R.V. 'BUD' Stone Most Inspirational Agent 2012

Education/Work Experience:
• Real Estate Certification
• Certificate for Early Childhood Education
• Certificate for Medical Insurance
• Pre-School & Elementary School teacher
• Landscape Architecture

Community Involvement:
• Soccer coach
• Little League coach
• School Volunteer


ROBIN TANNER
Title: REALTOR® (707) 333-5604
[email protected] English
www.robintanner.com
CalBRE #01509690