Comparing cost of home ownership

My Brother had it correct after all

Basement dweller

0 rent
0 RE tax
0 utilities


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coposrv said:

Whoa. I love HH. I want to retire there.


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Me too. I just bought the house last year as an investment, and haven’t been back there yet. It’s rented full tilt. Hilton head is awesome. Such a great vibe there. Tons of midwesterners retire there. Totally laid back. I was definitely surprised at the taxes and insurance costs. My house in Wisconsin has a lot more square footage and 3 acres, and taxes are half.

2 bedroom, 3 full bath ranch, bit over 1300sqft up, and about 1300 livable downstairs. 2 wood/gas fireplaces. 2 car attached garage. Corner lot.
House is $170,400
Taxes about $2,200 (going up again this year, no matter how much I fight.)
Insurance $1622 annually (tornados, wind, hail, flood, and earthquakes)
Electricity depending on season $80 winter- $140-160+ summer (our electric rates are higher than most, even with a nuke providing 50%+ of the power. We share it with KC, but they pay about 1/3 less than Wichita...)
Gas $80 winter, $30 summer.
Trash 70 every 3 months.
Water ~$38 a month.
Have a deep well for the yard, sprinklers. More than enough gph for 2 houses... Helps the water bill, but that big pump uses lots of electricity though...

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There's some Rich MoFo Ballers in here with Million dollar pads!

Brutal Metal said:

There's some Rich MoFo Ballers in here with Million dollar pads!

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Ones a surgeon.

Brutal Metal said:

There's some Rich MoFo Ballers in here with Million dollar pads!

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Too bad Treynor probably wont pop by lol

blk02edge said:

I dont see one poster in here claiming some crazy Dr. Dre unrealistic fantasy crib numbers lol, anyway, I just wanted to see the rough costs of house/tax not exact numbers or anything too specific.

Wtf is abnormal about the 300-700k houses posted in here?

I had to search up Arkansas real estate... Damn there are some nice homes for the money there but that is certainly not the norm everywhere else. You should do a quick search of Vancouver real estate and laugh at what 1Mil gets you. I live 4 hours east in a rural hick town and prices are at least more realistic

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I don't think Treynor has posted yet.

tistan said:

I don't think Treynor has posted yet.

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id bet his annual car insurance cost more than every penny I'm worth

blk02edge said:

id bet his annual car insurance cost more than every penny I'm worth

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Treynor prolly figured out some way to not have insurance and if anything happens he figured out a way to legally make it someone else's fault.

House - $260k-ish
Property Taxes - $2,600yr
Insurance - $1,240yr
Water/Sewer - $800ish a yr
Electric & gas - $1,700ish a yr
Trash/Recycle - $175yr

3 bed/3 bath, 1700 sq ft 5 year old Ranch.

I'll play:

2300sq ft house on corner lot 2bath 4 bedroom single story

House: ~270K
taxes - 4800 (mostly locked now)
insurance - 800 / year
Water/sewer/trash - 900 / year
elec. - 500 / year
gas - 700 / year
HOA 360 / year

Stanger00 said:

Are your numbers in American dollars or CAD? I assume nothing. This way we can do some analysis and see what the percentages are in inputs and outputs.

House Value - $609k
Property Tax - $11,987yr
Garbage and Water - $1650yr
Home Insurance - $780yr
Gas & Electricity - $2800yr (average $240 month) summer/winter months are high fall and spring are cheap.



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Why are your property taxes so high? I am in Concord as well

Assessed Value - $580k
Property Tax - $6800 yr
Garbage/Water - $1k
homeowners - $1100 yr
Gas Electric ~3k yr

blk02edge said:

is your property tax deductible during tax time? Can you guys write off those huge 10k+ annual taxes?

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Yes, but there was a cap recently set that I believe went into effect this year.

kirks5oh said:

Value—$1.25M

Property taxes $16k
Flood/homeowners—$9k
Gas/electric—$5k
Other utilities—$3k
Misc expenses —$3k

Hilton head island
The taxes in Wisconsin are much much less

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That insurance is pretty steep. Yikes.

DriftwoodSVT said:

That insurance is pretty steep. Yikes.

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Hurricanes and flooding. It’s about 5 times the cost of things in Wisconsin

1996slowbra said:

Why are your property taxes so high? I am in Concord as well.

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I moved out of Concord in 2017. I live in Oakley and it’s a new community with mello-roos special assessments and a police department special assessment adding up to $5300 a year on top of the normal county tax. I live in a 3300 sqft 4/3 and 3 car garage home and it was 200/250 less than a comparable home in Brentwood. My taxes plus an HOA would of been close to the same if we went that route, we picked particular new communities and most had HOA. We weighed our options.


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Tucson, Az

House Value - $290k
Property Tax - $3,600 yr
Garbage and Water - $120 month
Home Insurance - $1000 yr
Gas & Electricity - $330-370 month

2880 sq ft, 5 bedrooms, 3 bath, pool and hot tub. Heater on the pool, but we don't use it....cost wayyyy to much.

1700 sq ft house w/ 30x30 garage in rural West Virginia...

paid $136,000 for home May 2016
-property tax- $975/year
-garbage pick up-$180/year
-home owners insurance-$900/year
-natural gas bill- about $30/month
-electricity- $140/month.

Jeez some of you have high value properties.

Here's the house me and my wife will be moving into next month.

Sweden:

Price: $200k
Property tax: $590/year
Garbage: $250/year
Insurance: $500/year
Electrical bill: $1800/year
Heating: $1800/year
Water & sewage: $650/year
Chimney sweeping (is that correct?): $80/year
Internet (500mbit/500mbit): $250/year
TV: $150/year



This is purely based on the previous owner. I'm guessing it will in total be equal but the electrical for us will be cheaper and the heating will be more expensive as I'll have the garage warmer.

Surrounding suburbs/border of Chicago

1800sqft single family, 3bd/2b, detached 2 car garage, .25 acre

House Value - $365k
Property Tax - $6,000yr
Garbage and Water - $650yr
Home Insurance - $900yr
Gas & Electricity - $1300yr

Rental property - 3 flat apartment building, 3700sqft, corner lot, 2 car garage

House Value - $370k
Property Tax - $11,200yr
Garbage and Water - $2100yr
Home Insurance - $1300yr
Gas & Electricity - $0yr (tenants pay their own)
Current rental income - $39,000yr