Things that a homeowner will pay, that a renter will not

[Prettyjanie]

The things home owners pay varies from country to country. In Nigeria, we call them Landlords. What the landlord pays and what the tenant pays is regulated by the tenancy agreement. For example any repairs a tenant carries out above 15k, the landlord will deduct it from the next house rent.

 

[Sake]

You may be right but those things you list is not something that the homeowner will need to pay monthly and you can even skip some of those most of them sre optional, unlike when you're renting a house you need to pay in time or else you're going to get kicked out.

 

[Debola]

There are a lot of people who think that having a home will cost lesser than just renting one, but the truth is they are wrong about it. Why? Simply because there are a lot of things a homeowner will pay. Below will be a list of these things soo that people will have an idea about it.


1. Insurance for Homeowners
2. Cleaning the Pool (if you have one)
3. In some areas, lender-required
4. flood insurance
5. In some areas, earthquake insurance.
6. Taxes on property
7. Pickup Trash
8. Water service and sewer service
9. Reparations and Maintenance
10. Control of pests
11. Trimming Tree

With these list, I can say that it will cost more if you are a homeowner, do you have such things to add? Please share yours in the comment below. Thank you.

By and large, it is less costly to rent a home than to own one, thanks to numerous expenses involved in home ownership. Renters pay a monthly fee to live in someone else’s property, while homeowners pay a monthly mortgage to eventually own the property in which they live. But those mortgage payments, as well as the initial down payment to secure the home, are just the tip of the financial iceberg. There are also property taxes, as well as maintenance and other costs, many of which continue for as long as a home is owned—even after the mortgage is paid off.

 

[marky]

The things property holders pay changes from country to country. In Nigeria, we call them Landlords. What the landowner pays and what the occupant pays is controlled by the tenure understanding. For instance any fixes an inhabitant does above 15k, the property manager will deduct it from the following house lease.

 

[Trojan8]

I quite agree with your list, owning a house goes beyond just building it. There are a tone of other costs that is associated with it and has to be paid. Most times renting a house is better especially if you hope to channel those funds elsewhere. I feel people are too pressurized into building a house with less emphasis on how expensive it is.

 

[Akinwale701]

There are a lot of people who think that having a home will cost lesser than just renting one, but the truth is they are wrong about it. Why? Simply because there are a lot of things a homeowner will pay. Below will be a list of these things soo that people will have an idea about it.


1. Insurance for Homeowners
2. Cleaning the Pool (if you have one)
3. In some areas, lender-required
4. flood insurance
5. In some areas, earthquake insurance.
6. Taxes on property
7. Pickup Trash
8. Water service and sewer service
9. Reparations and Maintenance
10. Control of pests
11. Trimming Tree

With these list, I can say that it will cost more if you are a homeowner, do you have such things to add? Please share yours in the comment below. Thank you.

All the above listed things to pay for by a homeowner is a normal thing to do. The fact that one incurs expenses over vehicles or cars doesn't mean a sensible and reasonable person will say he or she will not buy a car for convenience purpose. The same applies to owing a house, it is better to be a landlord than a tenant.

Post automatically merged: Feb 2, 2021

There are a lot of people who think that having a home will cost lesser than just renting one, but the truth is they are wrong about it. Why? Simply because there are a lot of things a homeowner will pay. Below will be a list of these things soo that people will have an idea about it.


1. Insurance for Homeowners
2. Cleaning the Pool (if you have one)
3. In some areas, lender-required
4. flood insurance
5. In some areas, earthquake insurance.
6. Taxes on property
7. Pickup Trash
8. Water service and sewer service
9. Reparations and Maintenance
10. Control of pests
11. Trimming Tree

With these list, I can say that it will cost more if you are a homeowner, do you have such things to add? Please share yours in the comment below. Thank you.

All the above listed things to pay for by a homeowner is a normal thing to do. The fact that one incurs expenses over vehicles or cars doesn't mean a sensible and reasonable person will say he or she will not buy a car for convenience purpose. The same applies to owing a house, it is better to be a landlord than a tenant.

 

[Oloritoks]

The homeowner will pay land use charges which can either be monthly or yearly, a homeowner will incur the bill of ensuring that the house is well maintained so as not to lose its value , the home owner will also pay government for sanitation fee

 

[Sucrelove]

Here in Africa the homeowner is only interested in your rent any other thing it is the renter that pays the rest like electricity bill, waste management, security bill, and if anything is bad in the house the renter will be the one to repair it and sometimes the homeonwer may deduct it from your next pay rent that is if he wants to

 

[Tinaconcept]

Depends on the location most of this payment is not for houses in some area. For me a house owner is a house owner I prefer to be a house owner than a renter because no matter what the harrasment gotten from a rented house can never be there when you are the owner.

 

[marky]

I very concur with your rundown, possessing a house goes past building it. There are a tone of different costs that is related with it and must be paid. Most occasions leasing a house is better particularly on the off chance that you desire to channel those assets somewhere else. I feel individuals are excessively pressurized into building a house with less accentuation on how costly it is.

 

[Kingsley]

A home owner pays for the land use charge and also pays for certification of occupancy after he or she must have paid for land and other necessary cost in building the house. There are places where they also pay for security.

 

[Adebayonle7]

No matter how much you explain it or make it seem or the differences between countries and their policies. A house owner will always have more bills to pay because he's just like a business owner. Without developing it, how will the business remain. A house can also depreciate and reduce in value but will always require some cost on the part of the owner to continue its development. Where they give out the house for rent or they live in it, there will always be expenses. On the other hand, someone who rents only has a relatively smaller amount of spending on the house. Those spending are only based on their time of stay in the house but the owner has the expenses for a life time.

 

[Henrywrites]

There are a lot of people who think that having a home will cost lesser than just renting one, but the truth is they are wrong about it. Why? Simply because there are a lot of things a homeowner will pay. Below will be a list of these things soo that people will have an idea about it.


1. Insurance for Homeowners
2. Cleaning the Pool (if you have one)
3. In some areas, lender-required
4. flood insurance
5. In some areas, earthquake insurance.
6. Taxes on property
7. Pickup Trash
8. Water service and sewer service
9. Reparations and Maintenance
10. Control of pests
11. Trimming Tree

With these list, I can say that it will cost more if you are a homeowner, do you have such things to add? Please share yours in the comment below. Thank you.

Over here in Nigeria, payment for trash and water is even done by tenants and sometimes, the fee is quite high that you begin to wonder how you ended up in that kind of situation. What I always look at is how I can be able to get better offers such as the coupon discount that I get from electricity bills on a monthly basis.

 

[Ayokex]

Yes the list is very correct. There are many payments made by the home owner which a tenant does not have to pay. That issue of house tax is very important. As the owner of your own house you don't expect your tenants to come and help you to pay for your house tax after you have already collected the rent from them. Other documents like certificate of occupancy are also very important for a house owner.

 

[Bangiszz]

Shutting expenses and land charges. You won't ever get the full market estimation of your home when you sell.

Home loan interest. The sum you will pay relies totally upon your loan fee and the length of your amortization.

Local charges.

Support.

Property holder's protection.

 

[Asad Ali]

That's why any individual who needs to buy a domestic ought to constantly hold an egg nest of their financial savings for emergencies and repairs. Plus, if they have got constructed up sufficient fairness they are able to get a domestic development mortgage that is simple sufficient to pay off. That way, they are growing the price in their domestic and defensive their investment. Renting isn't an investment

 

[Snazzy001]

I dont really understand what you mean things that a home owner will pay and a renter will not.we all know the strength of the two are not equal.a home owner pay for things because the house belongs to him.a renter will always neglect things and wait for the day he will own a house.

 

[Nicklas22]

You're very correct, sometimes being a home owner is not easy because you pay for so many thing like property taxes, maintenance cost, some home owners do insured their houses and they also pay for that
Many home owners will discover problems with their house that requires upkeep and proper maintenance

 

[abubakar3141]

Closing expenses and fees for real estate. When you sell, you will never earn the full market value of your house. ...
Interest on mortgages. The amount you are going to pay depends solely on your interest rate and your amortization period. ...
Taxes on land. ...
Servicing. ...
Insurance from the landlord.

 

[arrain3786]

There are general things that most landlords pay for like property maintenance, repairs and taxes and there are other items that may be more specific to a certain landlord, such as a property management fees or security costs.