Ep. 35 – So You Bought a House…Now What?!?

Keywords

home ownership, real estate, maintenance costs, budgeting, appliances, tax benefits, homeowner responsibilities, financial planning, hidden costs, property value

Summary

In this episode of the R.E. Real Estate Podcast, hosts Clint Galliano and Ben Harang discuss the often-overlooked costs associated with home ownership. They delve into maintenance responsibilities, hidden costs, and the importance of budgeting for repairs. The conversation also touches on appliance longevity, financial planning for homeowners, and potential tax benefits. The hosts emphasize the need for preparation and research to ensure a smooth home ownership experience.

Takeaways

·         Home ownership involves more than just mortgage payments.

·         Budgeting for maintenance is crucial for preserving home value.

·         Hidden costs like HOA dues can impact your finances.

·         Appliances have a finite lifespan and may need replacement.

·         Research is key when purchasing new appliances.

·         Setting aside funds for repairs can alleviate stress.

·         Homeowners should keep receipts for appliances for warranty purposes.

·         Tax benefits can be associated with home ownership.

·         Understanding your responsibilities as a homeowner is essential.

·         Planning ahead can lead to a more enjoyable home ownership experience.

Sound bites

"The real costs of home ownership."

"Be prepared for maintenance costs."

"Put some money aside for repairs."

Chapters

00:00 Understanding the Real Costs of Home Ownership

05:29 Hidden Costs and Maintenance Responsibilities

11:11 Appliance Longevity and Replacement Strategies

14:20 Financial Preparedness for Homeowners

18:18 Tax Benefits and Homeowner Exemptions

Hosts 

Ben Harang, REALTOR® La. 

License #: 36589 

Keller Williams Realty Bayou Partners 

Mobile: 985.859.2500 

Office: 985.262.4400 

[email protected]

benharang.com 

Clint C. Galliano, REALTOR® 

La. License #: 995704723 

Keller Williams Realty Bayou Partners 

Mobile: 985.647.4479 

SMS Hotline: 985.200.5447

Office: 985.262.4400 

[email protected]

clintcgallianorealtor.com 

Produced by Clint Galliano 

Music by Wiggins Studios

Click here to view the episode transcript.