Friday, September 21, 2018

5 Finance Tips to Know When Buying a New Home (Part 3 of 5)

(3) Budget For Unplanned Repairs

If a larger home is an uncomfortable increase in cost of living, then you might not be ready for what comes next - inevitable home repairs. Home repairs will be needed on a regular basis. The cost for these repairs will vary widely. But especially with a larger home, you will need to plan on high repair costs as cooling, watering, plumbing, electrical, roofing, etc. are all more extensive systems. While planning your finances for purchasing real estate, add into your budget a savings for home repairs.

No comments:

Post a Comment