Are you ready to buy your first home?
By Yvette Belisle, Associate Broker, REALTOR®
(Alaskan Spirit Realty Brokered by Realty ONE Group Aurora)
Buying your first home is one of the biggest decisions you are going to make in your life. A lot of people relate buying the first home to the current market condition. However, the main factor to consider is your personal finance. Are you financially ready for your first home? 5 Signs you are ready for your first home You are ready with a budget: Homeownership comes at a cost and it is important to be financially ready for the house. Do some research and get an idea of the cost of homeownership in your area. You need to consider the additional expenses such as utility bills, property taxes, maintenance cost, home insurance, and homeowner association fees. If the total cost is within your budget, you are ready to buy your first home. Reliable income source: Buying your first home will p...