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RandyBett

Budgeting Basics for First-time Buyers outlines several expenses new home buyers often overlook when budgeting. These include moving costs like truck rentals and gas, ongoing maintenance for the yard and home, and utility deposits and payments for services like water, gas, electric, phone and cable that are not included in an apartment. The document stresses the importance of planning and budgeting for these less obvious costs to avoid surprises.

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Budgeting Basics for First-time Buyers
Buying your first home is a lot of fun but there is more to it than meets the eye when it comes to budgeting. Most new home owners are financially savvy enough to calculate the mortgage, interest, taxes, and insurance payments; but tend to forget less obvious expenses..
Here to help are a few budgeting basics for first time home buyers
Moving Expenses: Truck rentals, time off of work and, of course, - gasoline moving takes money whether you do it yourself or pay others to do it for you so plan accordingly.
Maintenance: From lawn care to fixing a door knob, owning your own home involves maintenance. Few first time home buyers remember the expense of maintaining a yard until the neighbors start giving them dirty looks. Dont be caught by surprise because this is one area where expenses can add up fast.
Set aside funds for a lawn service and pool maintenance, or plan to purchase the tools required to do it yourself, including lawnmowers, garden and hand tools plus other general maintenance items.
Utilities & Communication: New home buyers are frequently surprised by the cost of utilities since many apartments include basics like cable, trash, or water. Set aside enough funds for deposits and the first payment for utilities, phone, cable and other necessities.
Dont forget to find out if your cell phone, cable, and other services are available in the new area otherwise, you may be forced to break a contract to obtain services.
Randy Bett www.BetterGroupRealEstate.ca

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Budgeting basics for(finished)

  • 2. Buying your first home is a lot of fun but there is more to it than meets the eye when it comes to budgeting. Most new home owners are financially savvy enough to calculate the mortgage, interest, taxes, and insurance payments; but tend to forget less obvious expenses..
  • 3. Here to help are a few budgeting basics for first time home buyers
  • 4. Moving Expenses: Truck rentals, time off of work and, of course, - gasoline moving takes money whether you do it yourself or pay others to do it for you so plan accordingly.
  • 5. Maintenance: From lawn care to fixing a door knob, owning your own home involves maintenance. Few first time home buyers remember the expense of maintaining a yard until the neighbors start giving them dirty looks. Dont be caught by surprise because this is one area where expenses can add up fast.
  • 6. Set aside funds for a lawn service and pool maintenance, or plan to purchase the tools required to do it yourself, including lawnmowers, garden and hand tools plus other general maintenance items.
  • 7. Utilities & Communication: New home buyers are frequently surprised by the cost of utilities since many apartments include basics like cable, trash, or water. Set aside enough funds for deposits and the first payment for utilities, phone, cable and other necessities.
  • 8. Dont forget to find out if your cell phone, cable, and other services are available in the new area otherwise, you may be forced to break a contract to obtain services.