While purchasing a home is a significant milestone, many homeowners face unexpected expenses beyond the mortgage. These “hidden” costs can vary greatly depending on the state you live in. From taxes to maintenance, here are eight states where homeownership comes with the highest concealed expenses.

California

California is renowned for its stunning landscapes and vibrant cities, but it also tops the list when it comes to hidden costs of homeownership. Property taxes, insurance, and maintenance costs are among the highest in the nation. Many homeowners find themselves spending more than anticipated on necessary repairs and renovations, driven by the state’s varied climate and seismic activity.

New York

Owning a home in New York can be a costly endeavor. Beyond the hefty purchase price, homeowners face ongoing expenses like property taxes and high insurance premiums. can also skyrocket, especially in older properties. Additionally, the cost of living in New York contributes to the overall expense of homeownership, making it one of the most expensive states to own a home in.

Massachusetts

Massachusetts combines historical charm with modern urban living, but its homeownership costs are notably high. Property taxes are a significant burden, and the state’s unpredictable weather often leads to unexpected repairs. For many, the cost of maintaining a home in Massachusetts is a surprising financial strain, making it crucial to budget carefully for these hidden expenses.

Hawaii

Living in paradise comes at a price, particularly when it comes to homeownership in Hawaii. The cost of living is already high, and homeowners must contend with additional costs like property insurance and maintenance. The island environment can lead to rapid wear and tear on homes, necessitating frequent and costly repairs.

New Jersey

New Jersey is known for its high property taxes, which significantly impact the overall cost of homeownership. In addition to taxes, maintenance and insurance costs can quickly add up. Many homeowners are caught off guard by the extent of these expenses, underscoring the importance of financial preparedness when buying a home in this state.

Connecticut

In Connecticut, the hidden costs of homeownership can be a financial burden. The state’s property taxes are among the highest in the country, and maintenance costs for older homes can be significant. For those looking to own a home in Connecticut, planning for these additional expenses is essential to avoid financial strain.

Maryland

Maryland offers a mix of urban and rural living, but the cost of homeownership can be steep. Property taxes and insurance premiums are key contributors to the hidden costs. Additionally, maintenance expenses can be higher than expected, particularly for homes in areas prone to extreme weather or coastal erosion.

Illinois

Homeowners in Illinois face a variety of hidden costs, with property taxes being a major factor. The state’s infrastructure and climate can lead to increased maintenance needs, adding to the financial burden. Understanding these costs ahead of time can help prospective homeowners better prepare for the full scope of expenses associated with owning a home in Illinois.