Real Estate - David Matney

VIDEOS

Check out our video resources to learn more about the buying and selling process.

Nebraska Property Taxes & Home Insurance

Property ownership in Nebraska comes with unique financial considerations, particularly when it comes to property taxes and homeowners insurance. Nebraska is known for having relatively higher property taxes compared to the national average, making it essential for homeowners and buyers to fully understand how these costs impact overall affordability.

In addition to taxes, home insurance plays a critical role in protecting your investment. Factors such as the age of the home, roof condition, and weather-related risks can significantly influence your insurance premiums and coverage options.

Property Taxes in Nebraska

Nebraska property taxes are primarily used to fund local services such as schools, infrastructure, and public safety. Tax rates can vary by county and municipality, but they are generally higher than many other states. Understanding assessed values, levies, and exemptions can help homeowners better plan for long-term costs and avoid surprises.

Home Insurance Considerations

Insurance providers in Nebraska evaluate several risk factors, including severe weather exposure such as hail, wind, and storms. Homes with updated features—especially newer roofs—often qualify for better rates and more comprehensive coverage. Choosing the right policy ensures both financial protection and peace of mind.

Why New Roofs Matter

A new roof is one of the most important upgrades a homeowner can make in Nebraska. Due to frequent hail and windstorms, older roofs are more susceptible to damage, which can lead to higher insurance premiums or even coverage limitations. Many insurance companies offer discounts for newer roofs because they reduce the risk of claims. Additionally, a new roof enhances property value, improves energy efficiency, and provides long-term protection for your home.

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With rising interest rates and insurance costs, the old "renting is throwing money away" mantra is being challenged. David Matney breaks down why renting might actually be your smartest financial move. 1. The "Maximum vs. Minimum" Rule The most overlooked difference between renting and owning is the

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Top Mistakes Homebuyers Make in Omaha, Nebraska

Buying a home in Omaha, Nebraska is an exciting step, but many buyers—especially first-time buyers—make avoidable mistakes that can cost them thousands of dollars or lead to long-term regret. Understanding the local market, costs, and process is key to making a smart and confident decision.

From underestimating property taxes to overlooking inspection details, these common mistakes can impact your finances and overall homeownership experience. Here are the biggest pitfalls to avoid when buying in Omaha.

Underestimating Property Taxes

Nebraska has some of the highest property taxes in the country, and Omaha is no exception. Many buyers focus only on the purchase price and monthly mortgage, but overlook how much property taxes will add to their payment. This can significantly affect affordability and long-term budgeting.

Skipping or Rushing the Home Inspection

In a competitive market, some buyers feel pressured to waive inspections—but this can be a costly mistake. Older homes in Omaha may have issues with roofs, foundations, or storm damage. A thorough inspection helps uncover potential problems before they become expensive surprises.

Ignoring Insurance Costs and Roof Condition

Omaha experiences hail, strong winds, and severe weather, which can drive up homeowners insurance costs. Buyers often forget to factor in insurance premiums—or fail to check the age of the roof. Homes with older roofs may come with higher insurance costs or limited coverage, while newer roofs can qualify for discounts.

Not Understanding Omaha’s Neighborhoods

Omaha offers a wide variety of neighborhoods, each with its own pricing, taxes, school districts, and lifestyle. Choosing the wrong area for your needs—whether it's commute time, amenities, or resale value— can lead to dissatisfaction later. Researching neighborhoods is just as important as choosing the home itself.

Letting Emotions Drive the Decision

It’s easy to fall in love with a home and overlook potential downsides. Buyers sometimes stretch their budget, ignore warning signs, or rush into decisions. Staying focused on your long-term goals, budget, and practical needs will help you make a smarter investment.

Suburan living in Omaha

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Homebuyer FAQ – Top 10 Questions Answered by David Matney

Buying a home can feel overwhelming, but these are the 10 most commonly searched questions by homebuyers, answered clearly by David Matney. Use this FAQ to guide your homebuying process and avoid common mistakes.

1. How much home can I afford?

Your budget isn’t just the house price — include taxes, insurance, mortgage interest, and maintenance. Calculating real costs early prevents financial stress and ensures you can comfortably afford your home.

2. Do I need to get pre-approved for a mortgage?

Yes — a pre-approval letter shows sellers you’re serious, confirms your budget, and speeds up the buying process.

3. What should I know about interest rates?

Even small changes in interest rates can significantly impact your monthly payment. Compare lenders and lock in favorable rates when possible.

4. What are closing costs and other fees?

Closing costs include title fees, escrow, taxes, and lender fees. They can add several thousand dollars to your purchase, so budget accordingly.

5. Should I worry about property taxes and insurance?

Yes — ongoing costs like property taxes and homeowners insurance affect your monthly budget. In Nebraska, taxes are higher than the national average.

6. What inspections are necessary?

A full home inspection protects you from unexpected repairs, including roof, foundation, plumbing, or mechanical issues.

7. How do I choose the right neighborhood?

Location impacts lifestyle and resale value. Consider schools, commute times, amenities, and future developments.

8. When should I make an offer?

Don’t wait too long — competitive homes sell quickly. Be prepared with pre-approval and act when you find the right property.

9. Should I negotiate on upgrades and repairs?

Yes — inspections may reveal issues that can be negotiated for repairs or credits, saving you money and protecting your investment.

10. What are common buyer regrets?

Buyers often regret not budgeting for all costs, rushing the process, or letting emotions guide their decisions. Stay informed, patient, and intentional.

VIDEOS

Check out our video resources to learn more about the buying and selling process

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