Are You Ready To Own Your Own Home?
Many people dream of owning their own home, but are not quite financially and mentally prepared for all the responsibility that goes along with home ownership.
A lot of people think that owning a home will be a lot like renting one, but with the added ability to make decisions about what pets to keep or what colors to paint the walls. Yes, that is part of owning your own home, but like most things in life, with more privileges comes more responsibility.
When you own a home, you alone are responsible for paying the mortgage, making home repairs, following ordinances, home maintenance and paying taxes. Being prepared for these new responsibilities includes looking critically at your financial status and your expectations for your home.
Questions for The Potential Homebuyer
Are you sure you are ready to buy?