Many renters dream of the day that they can move into their own home. Unfortunately, this dream has been a disaster for some people, because they bought their home before they were ready. Here are some things that you should consider before buying a new home.
You should have an income that is sufficient to cover your home expenses. Remember, owning a home in Virginia is different than paying rent. As a homeowner, you are not only responsible for your mortgage payments, you also have to pay your property taxes and homeowner’s insurance.
In addition, you need to take care of all of the maintenance tasks. You will not have a landlord to call when your sink is clogged, your roof leaks or storm debris breaks your window. You should take this into consideration before buying.
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