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3 Things to Consider Before Buying a House

January 26, 2021 by Bautis Financial

Here are some things to consider before entering the real estate market as a home owner.

Buying a home is a long term investment. Here are some things to consider before entering the real estate market. 

  1. Saving to put 20% down will help you in the long term, both in interest and mortgage insurance.
  2. Budget to set aside money each month for home repairs, 1% of your home’s value annually is a good rule of thumb.
  3. Save up for emergencies. Setting aside 6 months of your expenses is a good rule of thumb. 

Planning for the long term will let you buy your first home with confidence. Not sure if you should rent or buy? Here are the pro’s and con’s of both.

Need more specific assistance? Schedule a complimentary consultation with our advisors.

Category: Budgeting/Saving, Investments, Real EstateTag: Buying a Home, Home Insurance, Homeowner, Mortgage, Real Estate Market
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