The Full Cost of Owning a Home in Wellen Park

Choosing a home

The monthly picture

• Principal and interest on your loan.
• Property taxes. In Florida these can reset after a sale, so budget from the purchase price rather than the seller's current bill.
• CDD assessment. Many Wellen Park neighborhoods have a Community Development District assessment that appears on the annual property tax bill.
• HOA dues, and any separate club, golf or dining minimums.
• Homeowners insurance, including wind coverage.
• Utilities, lawn care if not included, and routine maintenance.

Choosing a home

One-time costs

• Closing costs, title insurance and lender fees.
• HOA capital contributions or transfer fees at purchase.
• Inspections, and for resales, insurance inspections such as a four-point or wind mitigation report.
• Window treatments, furnishings and any upgrades for a new home.

Choosing a home

Good to know

If the home will be your primary residence, Florida's homestead exemption can lower your taxable value and limit future increases; you apply with the county after you buy. Rick can help you estimate the full monthly cost for any specific home before you make an offer.

Next step

Have a question?

Rick is glad to talk through anything in this guide as it applies to you.

Ask Rick to estimate a home's full cost · Ask Rick a question