Are bills payments different if you live in a house you built and own rather then buying/renting one and if so how are they different?

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Are bills payments different if you live in a house you built and own rather then buying/renting one and if so how are they different?

In: 10

No, not different. Mortgage is cheaper than rent. But electricity and gas and water depends on things like insulation, and sealing more than who put it there.

It doesn’t matter whether you built it yourself or if you bought it from someone else.

It does matter if you own/rent.

If you own the house, you’re responsible for property taxes, and all utility bills including water, sewage, trash/recycling pickup, gas, electricity, and cable/internet. Depending on the city some of those may be optional and some may be included in your property taxes.

If you rent, you typically pay gas/electric/cable/internet and the owner pays the water/sewage/trash/taxes.

Over time a house will usually appreciate, so you have a good chance of making money when you sell it.

That being said… anything that goes wrong needs to be paid for by you.

A good home warranty can help cover some parts.

Australia here.

If you own a house regardless if you built or purchased an already built house you pay everything. Rates water gas electricity and any insurance you want to have on it.

If you rent a house you only pay electricity, water usage (service charge, waste and parks and recreation water usage are pay by the landlord) internet, gas, and personal content insurance if you choose to have it. Landlord pay all council rates and home insurance and usually renters insurance.

The bills are the same in both situations. When renting, if you don’t pay them directly then the owner pays them using your rent.

I’ve lived in apartments that had ‘guaranteed monthly bills’ where (for example) the water bill was always $50 regardless of how much I used. I might save money by using a lot of water and having a guaranteed small bill, while my neighbor uses only a little water and has a high bill, so it all averaged out for the owners. I’ve also lived in apartments that included cable and internet, but again the owner pays that bill using part of my rent.

If you build a house you can save on utilities by putting in a well, septic system, or solar array. You can also save energy by making sure the house is well insulated or has energy efficient appliances.

If you use the city utilities then there is a bill, and they don’t care who the owner is.