Before you buy your first home, it's important to understand the costs you can expect to pay as a home owner.

To give some estimates, we'll assume you bought a 1,600 square foot, 10-year old single-family home in Maple Ridge.

Here's a summary of your estimated home ownership costs beyond your mortgage: 

• New locks - $200
• Alarm system - $30/month
• Security cameras - $300

• Pipe burst repairs - $300
• Faucet replacement - $300
• New toilet - $300

• Painting - $2,500
• New flooring - $5,000
• Window treatments - $1,000
• Kitchen appliances - $6,000

• Property taxes - $320/month
• Municipal utilities - $58/month
• Hydro, gas - $275/month
• Cable, phone, internet - $225/month

• Window replacement - $600/window
• Caulking, spray-foam, weather stripping - $250
• Furnace replacement - $3,000
• Tankless water heater - $1,500
• Standard water heater - $1,000
• Electrical upgrades - $1,000

• Roof replacement - $20,000/20 years
• Shingle maintenance - $450/5 years
• Gutter clearing - $150/year
• Power washing - $150/year
• External paint - $7,500/10 years
• Drain tiles - $10,000/20 years
• Deck, patio, shed maintenance - $100/year
• Pest removal - $200
• Garage door repair - $200
• Driveway resealing - $500

• Disaster kit - $200
• Backup generator - $400
• Home insurance - $1,000/year