When the idea was presented to me to buy a house at the young age of 22, I had absolutely no idea what was involved in home ownership. Nearly two decades later, I can honestly say that although there are plenty of factors involved and it is a lot of work, buying a home was one of the best decisions I have ever made.
Housing codes, inspections, permits, repairs and replacements if something malfunctions or breaks down, renovations and remodels – the to-do’s and financial responsibilities of home ownership can certainly add up. In the beginning stages of buying your first home, one of the best things to do is to be fully prepared and accepting of all if the challenges that will come after you sign the final papers at closing and receive your keys.
Knowing what’s to come after closing is only half the battle. Without a doubt, there is a whole handful of ins and outs when buying your first home.
Doing research and knowing what to expect during the home buying process will not only help ease the stress and (sometimes) frustration that comes with buying your first home, it can also save you a great deal of money, ensuring that you made a good investment for years to come.