You already know that your down payment and monthly mortgage principle and interest are the biggest expenses you’ll have when you buy new housing. However, if you’re a first-time home-buyer, you may not know about these additional costs, which may have been included fully or partially in your rent. Be sure to budget for them.
- PMI. Private Mortgage Insurance, which is based on the value of your home, protects the lender in case you default on your loan. It becomes part of your mortgage payment and drops off when you own about 80 percent of the value of your home.
- Property Taxes. These are usually due twice a year and are also based on what your home is worth. For easier budgeting, you can request that the total annual payments be divided into 12 parts and made part of your mortgage expense.
- HOA. The Homeowner Association dues are paid monthly to the management companies of new developments to take care of common-area amenities such as the community pool, driveways, and insurance.
- Maintenance and Utilities. To keep your home looking good, you’ll need to occasionally mow the lawn, clear gutters and fix anything that breaks down. If you don’t know how to do these yourself, you need to hire someone to perform these tasks. Your utilities cover such services as electricity, water, gas, trash pickup, cable TV and Internet access. Request that each utility be turned on by the time you move in.
For more information on buying a new home in Orange County, please contact us. We want to put you into the house of your dreams.
electricity, water, gas, phone, and cable
Dramatic week at Trumark Urban’s first condo development in San Francisco!
These pictures by Steve Gallagher, vice president of construction, show the completion of footings and mat foundation — all poured last week.
The perimeter waterproofing is now in place and wall forms are constructed and ready for positioning. The reinforcing steel bundles have been dropped into the basement.
But the most interesting shots are of workers on the tower crane as it’s being installed.
Check out the guy being lowered onto the tower by the construction crane!
A big shout out to our sister company, Trumark Urban, as it prepares to pour the foundation on its first project – a 27-unit condo community in the Cow Hollow neighborhood of San Francisco.
The construction crew has been working hard over the past few months to prepare the site at 1501 Filbert St.
Check out the album with photos showing the completion of the excavation and shoring, the installation of the reinforcing steel for the footings/mat, and the install of the foundation and base section of the tower crane.
The concrete subcontractor is preparing for foundation concrete pours on Tuesday and Wednesday.
It’s always good to stop digging… and start building!
We all know that Brian Steele is a hard-charging land acq guy, but we had no idea his secret talent is bull fighting! Find out about his favorite food, his fantasy career and the words he lives by below!
Name: Brian Steele
Title/Position: Senior Vice President, Land Acquisitions
Office Name/Location: Trumark Homes – Danville, CA
Fantasy career: Fighter Pilot in the US Navy
Favorite ethnic cuisine: Thai Food
Most exotic travel experience: ATV trip through the Corcovado Rain Forrest in Costa Rica
Starbucks order: Grande Drip with a little room
Most played musician on iPod: Blake Shelton
A perfect day in would be: Sleep in and then fly to Hawaii for a vacation
Best advice you ever received: “Don’t confuse efforts with results”
Your secret talent: bull riding
What you like most about your work: the people. I enjoy finding creative ways to meet the unique needs of land sellers, cities and neighbors to transform an idea into a home where families can gather and create memories that last a lifetime.
Favorite weekend activity: Social gatherings – laughing, enjoying time with friends & family
Worst subject in high school: civics class only because I was too distracted by an attractive young woman who would later become my wife!
What inspires you? I’m enlightened by volunteering and hearing personal testimonies of failure turned triumph
Most productive time of day: Mid-morning
Reality show you’re embarrassed to admit you watch: Duck Dynasty
Person you’d like to have dinner with: Elon Musk
Your first job: Kentucky Fried Chicken
What you’re most proud of: My family
A business tool you can’t live without: iPhone
Next travel destination: Italy/Germany
What’s next for you: Focused on acquiring the next great land deal
A bad habit: energy drinks
Favorite possession: My health!
What book is on your nightstand now? The Experience Economy
A job you’d want if you weren’t doing this job: Automotive Customization
Words you live by: work hard and stay humble
First thing you do when you get to the office: Write out to-do’s for the day/week and clear emails/voicemails
Last thing you do before you leave your office: say goodnight to the cleaners!
Your favorite guilty pleasure: shopping on eBay