C
ongratulations on your new home! While owning a house can be a dream come true, it also brings unexpected expenses. Let's consider the costs of homeownership for a $450,000 three-bedroom home in Coppell, Texas.
You've made a 10% down payment and secured a mortgage, but now you need to cover closing costs, which typically range from 2-5% of the purchase price.
As you prepare to move in, hiring professional movers will cost around $1,500-$3,000 for a local move. You'll also need to replace outdated appliances like the washer, dryer, and refrigerator, which can cost between $800-$2,000 each.
Before moving in, consider hiring professionals to paint the interior of your 1,800 sq. ft. home, which will likely cost around $3,000-$5,000.
As you're unpacking, a bookcase falls over, causing damage to the drywall. Repair costs can range from $100-$500, depending on the extent of the damage.
In the spring, if one of your trees dies, removal costs can be around $200-$1,000. You may also need to hire an exterminator to deal with unwanted critters like mice, which can cost between $50-$150 per visit.
To restore your home's ambiance after a pest infestation, you might consider hiring a professional organizer or interior designer, both of whom can charge around $100-$200 per hour.
If you're dreaming of installing a pool next summer, be prepared to spend upwards of $30,000. In the fall, cleaning and servicing your gutters will cost around $150-$300.
When your water heater breaks down in the winter, replacing it with a new one can cost between $800-$2,000. Finally, before using your fireplace for the first time, have it inspected and repaired if necessary, which can cost anywhere from $100 to $500.
