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Buyer's Guide • July 17, 2026

What monthly costs should I budget for beyond the mortgage?

by Matthew Tanzer

Your mortgage is only part of the total cost of ownership. On the Peninsula, ongoing maintenance and environmental exposure add to the picture.

What are the main additional costs?

Property taxes, insurance, utilities, and maintenance.

How much should I budget for maintenance?

A common guideline is 1% of home value annually, but older homes may require more.

What about insurance?

Costs vary based on location, fire risk, and property condition.

Are utilities higher near the coast?

They can be, especially with older systems and exposure to moisture and wind.

What about HOA costs?

If applicable, include dues and any special assessments.

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