Owning a home and taking care of the property management comes with a list of demands, or in nicer language, Projects and “To Do’s”. The list always starts out manageable as the new venture begins. What many of us forget to consider is the financial upkeep that comes with homeownership. Like fixing the roof after a hail storm, replacing appliances, or coming up with the money to have a dead tree removed from property grounds…etc. Before you take the huge leap from renting to owning a home here is something to think about…
Do you have enough financial stability to manage your property if an issue arises?
Set a goal for yourself before taking the plunge by having a nice financial safety net to fall back on in case it is needed. You won’t regret the hard work put in to creating a financial sanctuary for yourself.
Check out this article posted by WTHR which shares interesting facts regarding American savings and our abilities to handle unpredictable circumstances.