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Not all renovations are a one-time cost: Be mindful of the fact that if you add on to your home, you could also be adding considerably to your heating, cooling, and electricity bills. When you’re in the process of buying a home, be sure to look at estimates for the utilities, taxes, landscaping, and homeowners association fees—and be aware that renovations you make can affect these costs. So, before you decide you need heated floors and a swimming pool, do the math to figure out what it will take to keep them up and running!
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