5 questions to ask before buying a home
When it comes to buying a home, it’s easy to be distracted by the idea of a cozy fireplace, wood floors, and beautiful kitchen islands. It’s totally understandable because those are the exciting things about being a homeowner, but before you decide to move forward, there are several influential factors that contribute to determining if it’s a worthwhile investment for you. Don’t find yourself caught up in the recessed lighting and freshly stained deck and make a hasty purchase before asking yourself the following questions:
1. Can I really afford to buy a home?
Buying a home comes with several expenses beyond your monthly mortgage payment. These additional expenses can make a big impact on your budget. Avoid becoming “house poor” by investigating the following items before buying your home:
- The amount of homeowners insurance ;and taxes you could potentially have to pay
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