| Buying and selling a home is a both emotionally | | | | maintenance costs, paying property tax and |
| and financially challenging procedure. In this first | | | | mortgage payments. |
| part, we're going to break the house buying | | | | Financing your purchase - be aware of the big |
| process down to smaller steps and provide you | | | | numbers that come with the purchase, including |
| with a quick checklist. | | | | down payment and closing costs. Again, don't trick |
| Ownership? - the very first thing you should be | | | | yourself if you were renting a house before - if |
| thinking about is whether home ownership is the | | | | you can afford 2000$ / month, it doesn't mean |
| best available option. Owning a home comes with | | | | that you can cover a similar mortgage, as the |
| a certain set or responsibilities - amongst other it | | | | base mortgage is just the beginning of the total |
| includes moving the lawn, purchasing furniture | | | | housing costs. A general rule of thumb is to add |
| (don't trick yourself - while older furniture might | | | | 50 percent on top of this amount to get a |
| have cut it in your rental place, a new home | | | | realistic assumption. |
| incentivizes a new, fresh design), repairing and | | | | |