Compare Cost of Ownership When Buying a Columbus Home - Columbus Ohio Real Estate | Buyer's Resource Realty Services

Compare Cost of Ownership When Buying a Columbus Home

Columbus Home Ownership CostColumbus area home searches usually focus on the list price, but the purchase cost is only part of the picture. Successful home ownership means thinking long-term and looking ahead. Here are a few items to compare when evaluating properties!

Property Taxes. The tax rate on your Central Ohio home will vary by county. As your Exclusive Buyer’s Broker, we can verify the property tax assessment data and the prior year’s tax bill. You can get some idea of Franklin County property tax rates by visiting the Franklin County Auditor website.

Homeowner’s insurance. The average homeowner’s insurance premium in Ohio is $872 per year. Your annual policy premium will vary depending on the home’s location, home age and condition, replacement cost and other factors.

Homeowner’s Association fees. The monthly costs, bylaws and financial condition of these associations must be evaluated carefully. When you become our Buyer-Client, we will help you obtain copies of the association financial report and rules, and screen them for any red flags.

Utilities. Household utilities average about $450 a month in Ohio.

Maintenance costs. From mowing the lawn to replacing the hot water heater, homeowners must deal with miscellaneous expenses and repairs. Some of them can be a surprise, so it’s best to have funds set aside.

We hope this information is helpful! As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

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