Hidden Homeownership Costs In Atlanta, GA
Everyone knows that when you buy a car, you’re paying more than just the sticker price.You need to think of insurance, gas, maintenance, and repairs. The same can be said of buying a house. In fact, you may be surprised at how much you pay beyond the asking price for your house.
Where Your Home Costs You
According to Gail Cunningham, vice president of public relations for the National Foundation for Credit Counseling, many people make their mistakes by being an emotional buyer rather than a logical one. “Oftentimes, homeowners make the largest financial decision of their lives — buying a home — with their heart, not their head. They get emotionally involved with the property,” she says. This means a homeowner can end up underestimating exactly how much they will really need to spend to stay in a house. One more obvious example of this is constant wear and tear—especially in an older home. But there are also more subtle ways that you may have to pay, like property taxes, or a shared cost like fencing. Fulton County property taxes are expected to rise—and those in the city of Atlanta proper will be shelling out even more.
The Atlanta Market
It may help to put this in the context of the greater Atlanta housing market, which is one of the best in the country – if you are trying to sell. An analysis from RE/MAX Atlanta shows that people are able to sell their home for 8 percent more than last year, nearly twice the national average of 4.9 percent. What is driving people to Atlanta? For one, the entire Southeast is becoming more popular for buyers in general, and Atlanta is one of the shining cities in terms of quality of life and culture. This also comes with a higher cost of living, which may motivate you to want to move elsewhere. Selling your house in Atlanta doesn’t have to be a headache. In fact, you don’t even have to spend time searching for a real estate agent or juggling showings. HomeGo eliminates all that. We can help you sell your home quickly at a fair price, while avoiding the stress and hassle of traditional selling.