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List of bills to pay when owning a house11/6/2022 ![]() ![]() House maintenance costs vary, with some months being very low (or even non-existent), and others being more expensive. One of the costs of owning a home is maintenance. Owning a house also has one additional cost that can be pretty big at times. While some systems and companies have the electric billing set up to be charged each month, many charge quarterly. Those who have rented will also be familiar with the electric bill that needs to be paid. These rates include your access to the water and sewerage system, water usage, and (for those who have an electric hot water heater), hot water usage. Some rentals ask tenants to pay the water bill, so you may already be familiar with paying these. When you own a property, you'll generally be responsible for the water and sewerage rates. ![]() The body corporate generally also takes care of building maintenance and any fixes that need to happen on shared grounds. This can include the grounds (including garden maintenance), pool, gym, meeting rooms, barbeque area, and any other shared space that exists. A body corporate manages the common areas of a strata title property. If you own a strata title property, you'll likely be required to pay a body corporate fee on a quarterly basis. Rates are one of the regular costs of owning a home and should be accounted for in your budget. Once you’re aware of the rates category your property falls under, you can learn a little more about the rates you'll be required to pay. Rates are calculated based on land valuation, which means the individual cost will differ depending on how much your site is worth. What are the quarterly costs of owning a home? RatesĪ quarterly cost that those new to homeownership may be unfamiliar with is the rates. ![]()
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