If you’re buying your first home, it’s important that you know you’re going to be responsible for a few more costs than you would as a renter – and it’s important that you plan appropriately for them.
Expenses to Plan for if You Buy a Home
When you buy a house, you can’t just call your landlord and tell him the light switch is broken or that there’s a leak beneath the sink… you have to handle those things yourself.
Most experts suggest saving up at least 3 months’ worth of living expenses to handle emergencies, which is no small feat for most people. That means you have to have enough “padding” in your bank account to tackle surprise expenses – from plumbing and electrical to roofing and lawn maintenance.
You also have to pay for:
- Homeowners insurance
- Homeowners association dues and fees
- Repairs
- Upgrades
- Normal maintenance
The costs are usually outweighed by the benefits, though – and the biggest of those is the fact that it’s actually your house.
Do You Need to Talk to a Lake City Realtor® About Buying a Home?
Whether you’re buying a house, a farm, or a tract of timberland, we can help you find something that’s just right for your needs.
Call us at 386-243-0124 or contact us online. We may be able to help you find the perfect property in Lake City or the surrounding communities.
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