Below are the monthly expenses you can expect when owning real estate in Ocean City or the surrounding areas. These costs will vary depending based on the property type, size and location of the Ocean City real estate you purchase:
- Cable and Wifi
- Water and Sewer
- Gas (where applicable)
- Property Insurance
- Condominium or Homeowners Association Fees (where applicable)
- Trash Pick-Up (outside of Ocean City)
- Property Taxes
- Mortgage Principle and Interest (where applicable)
If you are buying a property that is part of a condominium association your water, gas, trash pick-up and master insurance policies are typically covered by the monthly condominium fees. Additionally, some of the larger Ocean City condominium associations also cover cable and wifi.
When you are buying a single family home you will need to account for exterior and yard maintenance.
Once you identify some Ocean City properties that are of interest I can help you determine what the monthly expenses will be relative to the property type, size and location.
If you have any other questions or want to discuss this in greater detail feel free to contact me directly anytime at 443-614-9179 or via email below.