5 Caveats When Buying Your First Home

Buying a home is probably the largest purchase of your entire lifetime and one single mistake can easily cost you tens of thousands of dollars. The word Caveat means “Let him beware” in Latin and it is important to remember these Caveats when buying your first home.

If you are in the market for your first home, you’re probably excited about the prospect of no long living with relatives or no longer making your landlord rich by paying his mortage. However, there are many other issues that you should consider when selecting a property. For instance, you want to make sure that the house is in a nice area close to things that you like or need. What else should you be looking out for?

Taming Home Maintenance Costs

When considering home maintenance costs one “Rule of Thumb” suggests that you set aside 1% of the value of your home as a repair budget. So if you live in Pennsylvania and you own a median priced home of $195,000 you should set aside $1,950 per year for repairs. This doesn’t mean that every year […]

To Rent or Buy: That is the Question

As a young person, once you decide it’s time to move out of your parent’s house or upgrade from a college dorm room, the next step is to determine exactly where you want to live. You have two options for living situations. You can either rent, or you can buy. Unfortunately, there is no easy answer to whether […]