21 Surprising Tips You Need to Know Before Buying a House
Your first (or even fifth) house purchase is a huge decision. It seems like there are a million things you need to know before buying a house.
In order to help you with your home-buying checklist, I interviewed 21 different experts on the top thing they wish they knew before buying their first house.
A good home inspection will cost you several hundred dollars.
Hire a Home Inspector
The cost of a home is far more than the purchase price. I wish I would have taken into account how expensive everything else is when budgeting for my first home.
Keep the Hidden Costs in Mind
Keep in mind it’s customary to charge a daily pro-rated portion of your PITI payment (Principal, Interest, Taxes, and Insurance), not the market rate.
Renting Back Isn’t Always at Market Rate
If you’re buying a house while living alone, it’s easy to offset your mortgage by renting a room or your entire house on Airbnb during major events.
Be a Stay at Home Landlord
Most of us want to fix everything quickly, but fail to realize how much even the smallest of updates can be.
Home Improvement is Expensive
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