Property Tax

Annual Property Tax 

– Two installments in a year. Details can refer to another video. 

The average house tax is 1-1.2%, with a maximum increase of 2% per year. If the house is located in a newly developed area, there may be a special assessment – Mello Roos. In this part, you can ask the builder when viewing the new buildings.

Home Insurance 

I would definitely recommend all buyers to buy Home Insurance. If you buy a house with a loan, Lender will definitely ask to buy home insurance to protect the property. If the property owner rents out the house, the landlord must buy landlord insurance. Insurance is very important for protection of the asset.

HOA Property Management

If the house has a Home Owner Association(HOA), a monthly fee needs to be paid. HOA fees are mainly for maintaining public buildings and green plants in the community. Some condos or townhouses also include roof maintenance.

Home Maintenance: Such as, gardner, alarm, trash, pool maintenance

In addition, the home requires some regular maintenance, such as:

• Gardner, ask the gardener to regularly mow the grass, trees, and flowers.
• Home Security Alarm, home security can be installed to improve home security.
• Trash, participate in waste management and regularly collect garbage every week.
• Pool, monthly swimming pool maintenance and cleaning.

The basic ones are of course water, electricity and gas. You have to pay for how much you used.

The above is the basic costs of owning a home in California. Every house is different. The amount of annual cost will vary.

If you have any questions or demand about selling or purchasing homes, please contact me.