5 Expenses Homeowners Pay That Renters Don’t: A Guide for Houston, Texas Homebuyers

May 26, 2023

5 Expenses Homeowners Pay That Renters Don’t: A Guide for Houston, Texas Homebuyers

Owning a home is a dream for many people, but it’s important to be aware of all the costs involved before you make the leap. In addition to the down payment and monthly mortgage payment, there are a number of other expenses that homeowners need to budget for. Here are five expenses that homeowners pay and renters don’t:

1. Property taxes

Property taxes are a recurring expense that homeowners must pay to the local government. The amount of property tax you owe is based on the assessed value of your home, and it can vary from year to year. In Houston, the average property tax rate is 1.9%. The money collected from property taxes goes towards funding public services such as schools and roads. While it may seem like an additional burden for homeowners, paying these taxes contributes positively to improving their quality of life.

2. Homeowners Insurance

Homeowners insurance is another essential expense for homeowners. This type of insurance protects your home and its contents from damage or loss due to fire, theft, or other disasters. The cost of homeowners insurance varies depending on the size and value of your home, as well as your location.

3. Home maintenance and repairs

Homeownership comes with the responsibility of maintaining and repairing your home. This can include anything from repairing a faucet to refurnishing the floors. The cost of home maintenance and repairs can vary depending on the age and condition of your home. When you rent a home or apartment, most maintenance and repair issues are handled by the landlord or property management company. However, as a homeowner, it is up to you to take care of these tasks yourself or hire someone else to do them for you. Maintenance includes routine tasks such as cleaning gutters, changing air filters, and checking plumbing systems for leaks. Repairs may include fixing a leaky roof or repairing damaged flooring.

4. Home improvements

Home improvements are optional expenses, but they can add value to your home and make it more enjoyable to live in. Some common home improvement projects include painting, remodeling the kitchen or bathroom, and adding a deck or patio. The cost of home improvements will vary depending on the scope of the project.

5. Real estate agent fees

When you buy or sell a home, you’ll need to hire a real estate agent. The realtor’s commission is typically 5-6% of the sale price of the home. This fee is paid by the seller, but it’s important to factor it into your budget when you’re considering buying a home.

In addition to these five expenses, there are a number of other costs that homeowners may need to budget for, such as HOA fees, lawn care, and snow removal. It’s important to do your research and factor in all of these costs before you make the decision to buy a home.

If you’re thinking about buying a home in Houston, Texas, be sure to contact a qualified real estate agent. They can help you find the right home for your budget and needs, and they can guide you through the home-buying process.

Here are some additional tips for Houston, Texas homebuyers:

  • Start saving early for a down payment. The minimum down payment for a conventional mortgage is 3%, but you may be able to qualify for a loan with a lower down payment if you have good credit.
  • Get pre-approved for a mortgage prior to looking for a home. This will give you an idea of how much you can afford to spend, and it will make the home-buying process go more smoothly.
  • Be prepared to pay closing costs. Closing costs are fees linked to purchasing of a home. They can range from 2-5% of the purchase price of the home.
  • Do your research on neighborhoods and schools. Before you buy a home, it’s important to research the neighborhood and the schools in the area. This will help you make sure that you’re choosing a home that’s right for you and your family.
  • Be patient. The home-buying process can be long and stressful, but it’s important to be patient and don’t give up. The right home is out there for you, and with a little patience, you’ll find it.

Homeownership may look glamorous and appealing on the surface, but it comes with many hidden costs that renters don’t need to worry about. Unfortunately, these expenses can add up quickly and put a strain on your finances if you are not well-prepared. Thus, before making the big decision to become a homeowner, it is important to consider all of the potential expenses that come with owning a home so that you can budget accordingly for them. Fortunately, by doing this research in advance you can enter homeownership prepared for whatever unexpected costs may arise along the way!

If you’re ready to start your homebuying journey, contact some of the qualified real estate agents in Houston, Texas today. Depending on your budget and needs, they can help you find the right house.

Jay Thomas real estate team qualifies to be among the most credible real estate agents in Houston, Texas. It is an absolute delight for our team to help and guide you through the entire process inclusive of all the direct & indirect expenses involved!

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Selling your house can be challenging, but with the right guidance, it can be a smooth and successful process. Whether you’re a novice seller or have experience in the real estate market, comprehending the intricacies of selling a house is crucial. The Jay Thomas Real Estate Team is committed to ensuring your selling experience is as seamless as possible.

1. Preparing Your House for Sale:

 a. Home Staging: Presenting your home in the best light is vital. Consider decluttering, depersonalizing, and arranging furniture to showcase your property’s potential.
 b. Repairs and Improvements: Address any necessary repairs and consider making strategic improvements that can add value to your home.

2. Setting the Right Price:

 a. Market Research: Analyze comparable properties in your area to determine a competitive yet realistic price for your home.
 b. Consulting with Real Estate Professionals: Seek guidance from the Jay Thomas Real Estate Team to get a professional opinion on pricing strategy.

3. Marketing Your Property:

a. High-quality Photos and Virtual Tours: Invest in professional photography and virtual tours to make a strong online impression.
b. Online Presence: Utilize various online platforms, social media, and the Jay Thomas Real Estate Team’s website to showcase your property to a broad audience.

4. Working with Real Estate Agents:

 a. Choosing the Right Real Estate Agent: Collaborate with experienced professionals like the Jay Thomas Real Estate Team to guide you through the selling process.
b. Open Houses and Showings: Allow potential buyers to experience your home through open houses and scheduled showings.

5. Negotiating Offers:

 a. Understanding the Offer: Evaluate each offer cautiously, taking into account not only the price but also contingencies, financing, and the buyer’s timeline.
   b. Counteroffers and Negotiations: Work closely with your real estate agent to negotiate terms that sync with your goals.

6. Navigating the Closing Process:

  a. Escrow and Title Company: Engage with reputable escrow and title companies to facilitate a smooth and secure closing process.
b. Home Inspection and Appraisal: Be prepared for a home inspection and appraisal, addressing any issues that may arise.

7. Finalizing the Sale:

a. Signing the Closing Documents: Review and sign the necessary paperwork to finalize the sale.
 b. Handing Over the Keys: Celebrate the successful sale and hand over the keys to the new owner.

8. PostSale Considerations:

 a. Moving Out and Cleaning: Plan your moveout process and ensure the property is left in good condition.
 b. Addressing Legal and Financial Matters: Consult with professionals to wrap up any legal or financial obligations related to the sale.

You Must Read: Navigating the Murky Waters: Understanding the Risks of Falling Property Prices and Rents in Today’s Real Estate Market

Types of House

The selling decision also varies per the type of house you own. Let’s study a little about this subject as well.

Single-Family Homes:

Selling a single-family home often involves catering to families or individuals looking for a standalone property.

Yard and Outdoor Spaces: Highlight the features of the backyard, front yard, and any outdoor amenities. Families often prioritize outdoor spaces.
Neighborhood and Schools: Provide information about local schools, parks, and community amenities, as these factors can be crucial for families.

Condominiums or Apartments:

For those selling a condo or apartment, there are unique aspects to consider:
Homeowner’s Association (HOA): Explain the role of the HOA and any associated fees. Highlight amenities like shared spaces, gyms, or pools.
Condo Regulations: Inform potential buyers about any specific regulations or rules governing the condominium community.

 Luxury Homes:

Selling a luxury home requires a more specialized approach:

High-End Marketing: Invest in top-tier marketing, including professionally shot videos, 3D virtual tours, and high-quality brochures.
Exclusive Networking: Leverage entire real estate networks and events to reach potential high-net-worth buyers.

Historical or Unique Properties:

Selling a historical or unique property involves showcasing its distinctive features:

Heritage and Architectural Significance: Emphasize the historical aspects of the property, including any architectural significance.
Preservation Considerations: Be aware of any restrictions or considerations regarding the preservation of historical elements.


For houses in need of renovation, transparency is key:

Highlight Potential: Showcase the property’s potential and provide estimates for renovation costs. Consider offering virtual staging to demonstrate possibilities.
Target DIY Enthusiasts: Appeal to buyers who are willing to invest time and effort in renovations.

 Vacation Homes:

Selling a vacation property involves marketing the lifestyle as much as the house:

Proximity to Attractions: Highlight the property’s proximity to tourist attractions, outdoor activities, or scenic views.
Rental Income Potential: If applicable, discuss the property’s potential as a vacation rental for extra income.


Selling a townhouse often involves a mix of considerations for single-family homes and condos:

Community Living: Emphasize the benefits of community living while still having a standalone property.
Shared Spaces: Highlight any communal areas or amenities that come with the townhouse complex.

Tailoring the selling process to the specific features and potential buyers of the house type ensures a more targeted and effective approach. The Jay Thomas Real Estate Team can provide customized guidance based on the unique characteristics of each property.

You Can Read Also: Essential Steps to Take Immediately After Receiving the Keys to Your New Home


Selling your house involves a series of strategic steps, and with the support of the Jay Thomas Real Estate Team, you can navigate this process with confidence. By preparing your home, setting the right price, marketing effectively, and working closely with experienced professionals, you increase your chances of a successful and satisfying sale. Remember, selling a house is a significant undertaking, but with the right guidance, it can be a rewarding experience that opens the door to new opportunities.

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