Buying a home will be one of the largest investments you will ever make. It can be a very costly adventure if you are not prepared and know some helpful money saving tips!
1 – Be Prepared. Take some time to look into what money you will need, and know your own financial situation. Look for ways to save, and most of all be prepared for additional costs.
2 – Understanding a “mortgage”. Oh “mortgages”, a very important and necessary component of buying a home, yet probably the most misunderstood. Be sure to ask questions of various professionals as well as understanding all the lingo. Know exactly what you are comfortable spending and do not waiver.
3 - Know your costs. We are not just talking about what you will spend monthly on your mortgage. There are a lot of other costs such as deposits, down payment, house inspections, lawyer fees, title insurance, taxes, utility transfer/set up fees, moving costs, insurance, changing locks, small repairs/updates, furniture/appliances, monthly utilities, and paint/decor.