What you need to know before you buy a house

In this episode, we delve into the often overlooked topic of what causes your house value to decrease once you've purchased it. We explain how ongoing costs such as property taxes and insurance premiums can significantly affect your ability to afford your home. With insights from the latest news stories, we provide a detailed analysis of how these costs have surged in recent years, especially in areas like Florida. By understanding these hidden factors, you'll be better equipped to navigate the complex world of homeownership.

Chapters:
0:00 Introduction
0:07 Factors Impacting House Value
0:37 The Cost of a Mortgage
0:52 The Impact of Property Taxes
1:35 Case Study: Lindsay Lane, California
2:03 The Dilemma for Florida Homeowners
3:30 Cost of Homeowner's Insurance in Florida
4:59 Increase in Insurance Premiums
5:46 The Real Cost of Rebuilding a House
7:30 Tweaking Your Coverage
8:36 Self-Insuring Your Property

#RealEstate #Homeownership #PropertyTaxes #InsuranceCosts #HomeValues #FinancialPlanning