Warren County Ohio Real Estate News and Observations: The Hidden Costs of Home Ownership

The Hidden Costs of Home Ownership

azaleasWhen you're buying a home you know there are certain expenses to expect:

The mortgage

Real estate taxes

HOA fees



And of course there are other expenses you know to expect to hit if you live in a home long enough:

New roof

General maintenance such as exterior painting

Furnace/AC and water heater

Appliance repairs


But did you think about some of the other hidden costs of your home purchase choice?

And some of those hidden costs aren't in dollars, but in time.

How long will it take to commute to work?

The lawn.  Are you going to hire out someone to mow, or do it yourself? 

And here's one from personal experience, gardening.

I'd be understating if I described our flower garden as "extensive".  We didn't start with much when we bought the home, but over two decades later much has changed.

For instance we have 50+ azaleas lining the majority of the treeline around our front and side yards.  Orange, white, yellow, pink and fuschia blooms highlight our spring.  And skipping the expense of the purchase of those plants, there are expenses with maiyntaining just those flowers.  They need fertilizer annually, and that's a few bags.  And peat moss.  LOTS of peat moss.  Roughly 40 bales.  And time, LOTS of time weeding, fertilizer and spreading that peat moss.  So just that portion of our garden costs approximately $500 annually.

And the rest of our garden?  Again, less skip the costs of the flowers themselves, but our bill at the nursery added up as we established our garden.  But a significant annual expense?  Mulch.  And not just a little mulch.  If I'm doing it myself, it's about 3 tall pallets of bagged mulch.  Yes, bulk mulch might be cheaper, but there's that time thing.  Two jobs means I typically don't have an abundance of time to spend in the garden, so I need to be able to piecemeal that work, thus the preference for bagged mulch.

Now that's just one example of how there can be hidden costs with a home.  Someday we'll sell our home, and the next buyers inherit the flower garden.  Will they realize what they're getting?  We hope so!


Need help with buying or selling a home in greater Cincinnati? 

Just give us a call  at 513-520-5305 or email Liz@LizSpear.com.

We look forward to hearing from you! 

Bill & Liz aka BLiz


Serving Warren County Ohio & Adjacent Areas







The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 2 commentsLiz and Bill Spear • September 04 2018 02:13AM


Bill- and should you be lucky enough to live on a deep water canal as we did for many years, add to that the expense of the seawall maintenance, dredging the canal, and the salt water eating away at everything. That said, I wouldn't trade those years for anything. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 7 months ago

I feel like financial independence is the most important part before anything else goes above and beyond.

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) 6 months ago