{"id":115,"date":"2026-10-21T10:00:00","date_gmt":"2026-10-21T10:00:00","guid":{"rendered":"https:\/\/www.findequityloanswithrhonda.com\/blog\/?p=115"},"modified":"2026-10-21T10:00:00","modified_gmt":"2026-10-21T10:00:00","slug":"homeownership-costs-go-beyond-the-price-tag","status":"publish","type":"post","link":"https:\/\/www.findequityloanswithrhonda.com\/blog\/2026\/10\/21\/homeownership-costs-go-beyond-the-price-tag\/","title":{"rendered":"Homeownership Costs Go Beyond the Price Tag"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/rhonda-wayne-smith\/price-house-home-remotion-videos-363a\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>When thinking about buying a home, it\u2019s easy to get fixated on the listing price\u2014but there\u2019s so much more beneath the surface. New research highlights why it\u2019s crucial to look at the annual cost of homeownership, not just the sticker price. Factors like mortgage interest, taxes, depreciation, market risk, and appreciation can dramatically shift what you\u2019re actually paying each year. On average, economists put the annual user cost at around 5% of a home\u2019s value nationwide, but that number can swing widely: some properties push closer to 7%, while others dip to about 2%. For example, two homes priced at $500K could have very different yearly outlays\u2014one might cost $35K a year (at 7%), another just $10K (at 2%). This is why comparing annual ownership costs to local rents can be much more meaningful than just comparing prices. Before the 2018 federal tax law changes, homeowners who itemized could count on bigger tax breaks, but now many use the standard deduction, which reduces the tax benefits linked to homeownership. As someone who guides clients through both residential and commercial financing, I always encourage a full-picture approach: look past the price tag and consider the annual costs and how they stack up against local rents. It\u2019s a practical lens\u2014and one that can make a real difference in your long-term financial goals.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When thinking about buying a home, it\u2019s easy to get fixated on the listing price\u2014but there\u2019s so much more beneath the surface. New research highlights why it\u2019s crucial to look at the annual cost of homeownership, not just the sticker price. Factors like mortgage interest, taxes, depreciation, market risk, and appreciation can dramatically shift what [&hellip;]<\/p>\n","protected":false},"author":131,"featured_media":116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/posts\/115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/comments?post=115"}],"version-history":[{"count":1,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/posts\/115\/revisions"}],"predecessor-version":[{"id":117,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/posts\/115\/revisions\/117"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/media\/116"}],"wp:attachment":[{"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/media?parent=115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/categories?post=115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.findequityloanswithrhonda.com\/blog\/wp-json\/wp\/v2\/tags?post=115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}