Homeowner be prepared. Some people are surprised when they discover the purchase price and mortgage payments are not the only costs associated
with owning a home.
A financial buffer should be kept in case of cash emergencies, home repairs,
or other unexpected events. Monthly take-home pay should also comfortably
cover living expenses such as food, clothing, insurance, gas, car repairs,
entertainment, vacations and other debts.
Everything seems to cost more than expected; from paint, wallpaper and
curtains to general upkeep and property taxes. Ask a real estate agent (or your mortgage specialist)
to help you estimate some of these additional costs for houses in your preferred area.
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