Here is week three in our series of home buying tips: Avoid Sleeper Costs
The difference between renting and homeownership is the sleeper costs. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities, and homeowner-association dues.
New homeowners also need to be prepared to pay for repairs, maintenance, and potential property-tax increases. Make sure you budget for these sleeper costs so you’ll be covered and won’t risk losing your house.
This is an area where we can really give you advice and insight that can save and make you money. We’ve written a short report: The 5 Big Mistakes Buyers Make and How to Avoid Them. If you would like a copy, call us at 616-730-1254 or email SREteam@SpicaRealEstate.com, and we will send it over to you right away.