Bills you have to pay when owning a house

Owning a home comes with several ongoing costs beyond the initial purchase. New homeowners must budget for significant recurring expenses to manage their property effectively.

Key bills include:

- Mortgage repayments

- Home insurance, which is a requirement from most lenders

- Council rates to fund local services and amenities

- Utilities like power and internet

It's also crucial to budget for regular maintenance and repairs, often estimated at 1% of your home's value annually, to prevent larger issues.