Hidden Home Ownership Costs

Aug 28, 2015

Silver house key lying on a contract for house sale

When compared nationally, the hidden costs of owning a home in Denver are relatively low.

Hidden costs are annual costs like homeowners insurance, property taxes, utilities, as well as outsourced maintenance costs, such as yard care and carpet cleaning.

According to a study conducted by Zillow, only Atlanta and Phoenix have cheaper annual hidden costs of owning a home than Denver.

In the Denver area, the hidden costs a homeowner will experience are $8,146 annually, which isn’t bad compared to the national average of $9,477.

Interestingly, of the 15 surveyed cities, Denver had the cheapest “annual optional maintenance costs,” at $2,782.

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