What are some of the monthly or annual operating costs of a residential property?

By
Real Estate Agent

What are some of the monthly or annual operating costs of a residential property?

Some, but not all, of the ongoing costs that you may incur when you own a property include:

  1. mortgage payments (including principal and interest)
  2. property taxes
  3. hydro
  4. water
  5. sewage
  6. septic tank cleaning
  7. natural gas (commodity and delivery)
  8. oil (commodity and delivery)
  9. property insurance
  10. condo maintenance fees
  11. maintenance fees
  12. grass cutting service
  13. snow removal service
  14. landscaping service
  15. maid cleaning service
  16. home owner association dues
  17. tree trimming
  18. pest control
  19. pool cleanup fees
  20. lawn sprinkler maintenance
  21. property insurance
  22. cable TV or satellite television
  23. telephone landlines
  24. alarm monitoring fees

What are some of the monthly or annual operating costs of a residential property?

Posted by

Are you looking to move within or relocate to the Greater Toronto Area?

Marc Swartz, CPA, CA serves clients in the Greater Toronto Area of Ontario, Canada. I primarily focus on Toronto, North York, Scarborough, York Region (including Markham, Unionville, Stouffville, Thornhill and Richmond Hill) and Durham Region (Pickering, Ajax and Whitby).

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Marc Swartz, CPA, CA

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Re-Bloggged 3 times:

Re-Blogged By Re-Blogged At
  1. Dr. Stacey-Ann Baugh 11/12/2010 11:04 PM
  2. Jim Frimmer 06/19/2011 09:15 PM
  3. Donna Malone 06/19/2011 11:25 PM
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Topic:
Real Estate General Information
Location:
Ontario York Region Scarborough
Tags:
buyers

Comments 9 New Comment

Rainmaker
821,559
Marc Swartz
CPA, CA - Toronto, Durham & York Regions, Ontario

Hi Stacy-Ann - Thanks for the reblog.

November 20, 2010 10:21 AM
Rainmaker
821,559
Marc Swartz
CPA, CA - Toronto, Durham & York Regions, Ontario

Hi Jim - We use the term "hydro" and "electricity" interchangably to describe the same type of utility in Ontario and likely across Canada.  But you are correct that hydro is related to water.  I think I will write a separate post in the near future on this topc.

November 20, 2010 10:28 AM
Rainer
638,225
Carl Winters

You don't realize the expense until you see it listed; then you realize the cost of having a place to live.

June 18, 2011 09:36 AM
Ambassador
1,384,289
Jennifer Fivelsdal | Call 845-758-6842 Helping you achieve your real estate goals
In Dutchess Columbia and Ulster Counties
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571

Mark I came via Russel's Re-blog.   This is certainly a great list, it should give new home buyers an idea of what owning a home involves.

June 19, 2011 07:13 AM
Rainmaker
137,026
Aida Pinto
Real Estate Broker (562) 916-3237
United Associated Brokers

Hi Mark...yes, I came by your blog via Russel's blog....like Jennifer says....it is a great list....and I will reblog with just one slight change....the Hydro thing! ...I don't know what that is either....lol!

June 26, 2011 07:04 PM
Rainmaker
821,559

Marc Swartz

CPA, CA - Toronto, Durham & York Regions, Ontario
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Read the RSS feed of Marc Swartz.  Follow Marc Swartz on Twitter.  Connect with Marc Swartz on LinkedIn.   See my videos on YouTube.  Learn about real estate, mortgages, communities and more!  See photographs taken by Marc Swartz on Flickr. 
Friend Marc Swartz on Facebook.(friend) 
Become a fan of the real estate business page of Marc Swartz on Facebook.(fan)

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