Have you ever considered the true cost of owning a house?
I will be honest. When my wife and I bought our first house, we didn’t know. We had no idea.
Sure, we knew all about taxes, mortgage, and insurance. And we heard about emergency funds and having a little extra set aside each month.
But, we didn’t know about everything else. You know what I mean. The other little expenses that don’t show up on the mortgage documents at the closing table.
What am I referring to? Well, the basic costs of interior maintenance a home like paint, molding, and flooring. Or the cost to keep it nice like mops, vacuums, or trash collection.
Then, there’s exterior maintenance with lawn mowers, trimmers, hoses, shovels, rakes, mulch, flowers, snow blowers, and pest control. And you can’t forget replacing things like the roof or garage door opener.
So, what are new, inexperienced home buyers supposed to do? Well, I have some tips for you to consider as you make your first home purchase. Don’t do what we did. Go in with more knowledge and preparation.