Researching Utilities Is Essential in Determining Home Buying Budget

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The importance of factoring in taxes and insurance costs when considering a home buying budget is well known, but Bank of America reminds us of another pesky monthly expenditure to keep in mind.

“If you’re moving into a larger home than you’re used to, a home that is newer or older than you’re used to, or located in a climate that’s hotter or colder than you’re used to, ask your real estate professional if he or she can find out what the home’s energy bills have typically been,” the financial institution suggests. “This can help prevent being surprised by a higher utility bill than you’re expecting. If you’re moving into a new community, find out about water costs, as well.”

Image via flickr/Tax Credits

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