4041 W. Central The Village Green Toledo,Ohio 43606



Compare Listings

Costs When Buying Your First Home

Costs When Buying Your First Home

First Time Home Buying

Buying your first home is a very exciting life event. Don’t let surprise costs dampen your experience. Plan ahead for home ownership costs so you aren’t caught off guard.

Home Buying Costs

The Effler Schmitt Team has nearly 50 years of combined experience in Ottawa Hills and the Greater Toledo Real Estate Markets. Our agents are fantastic at getting to know our clients wants and needs, and helping them find the perfect home. Once your purchase offer has been accepted, get ready to start planning your budget. Home buying costs typically include:

  • Home Inspection
  • Down Payment
  • Title Transfer
  • Monthly Escrow Payment- which combines your property taxes, your mortgage payments, and private mortgage insurance if required
  • Association Fees (where applicable)
  • Home Owner’s Insurance

Home Utility Costs

Whether you are new to paying those utilities bills or have been for years, if your new home is larger than your previous living space you can expect to pay more in utility costs. Our agents at Effler Schmitt Co can help you be prepared by getting utility cost estimates for the home you are buying. We also provide you with a handy contact sheet for getting all your utilities transferred to your name. Below are basic utility costs you can plan for:

  • Cable/Streaming Service/Internet
  • Electricity
  • Gas
  • Water/Sewer

Home Maintenance

Note that every home is different and not all homes will have the same expenses. The list below is intended to cover many  common home owner expenses. Some home owners chose to hire out maintenance services while others take the do-it-yourself approach. Your approach to home maintenance care, and your home’s unique maintenance needs, will influence how much you should budget.

  • Alarm System annual fee
  • Chimney Sweep every 1-2 years
  • Driveway Seal coating every 2-3 years
  • Gutter Cleaning 1-2 times per year
  • HVAC Filter monthly
  • Irrigation Winterizing
  • Lawn Care
  • Septic Tank
  • Snow Removal

So there are some of the basic costs you can expect when buying your first home. Now you can enjoy your home knowing that you are financially prepared to maintain your investment.

To stay up to date with the ESC Real Estate Blog simply check out our websitelike us on Facebook, or follow us on Instagram.


Effler Schmitt Co.

Related posts

Fall Family Friendly Activities Near Toledo + Trick or Treating times!

There are many family friendly fall activities near Toledo. From pumpkin and apple picking, to also...

Continue reading
by Effler Schmitt Co.

2021 Toledo Area Home Sales

Check out our 2021 Toledo area home & property sales!   2021 Toledo Area Home Sales   2021...

Continue reading
by Effler Schmitt Co.

Visit a Toledo Area Garden Center or Flower Nursery

Spring is here and summer is quickly approaching. Get your yard blooming with a visit to a Toledo...

Continue reading
by Effler Schmitt Co.

Join The Discussion