14 Jun 2007 07:07 am
The Secret of the true costs of owning a home
| The temptation to buy a house can be strong, especially if you’ve been renting for a while, have gotten married or are ready to start a family. To help you estimate your own cost of home ownership and come up with a realistic housing budget, I offer my experience as an example. Below, I itemize the expenses Alex and I have paid over the past four years, complete with dollar amounts. Your own costs will vary depending on the size, condition and location of the house, but this should help you anticipate what you’re getting into. Homeownership comes with a bevy of benefits, but you’ll want to make sure it’s the right move for you at this point in your life before making that long-term commitment. |
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