Years of saving away finally paid off, and you’re moving forward into the next transition of your life—purchasing your first home. Buying your first home can be a thrilling experience.
What most first-time buyers don’t realize are the extra expenses that come along with owning your own property. Just because the calculator says you can afford a home doesn’t always mean you can.
The price of homeownership is made up of recurring expenses that aren’t always obvious. One way to tackle this problem is to create a monthly budget. Check the expenses listed below against your income before purchasing your first home.