Posts from July 23rd, 2018

One of the most important things you need to do before buying a house, is establish a budget. You need to know how much you can afford and how much the bank is willing to give you, but that number should include more than just the cost of the house. Here are some common costs that are overlooked when determining a budget.

Closing costs: Usually part of the negotiation, closing costs can be up to five percent of the purchase price, sometimes equaling a couple extra thousand dollars. More often than not, the seller will pay the closing costs, but if not, keep some of the budget available to cover those charges.

Renovations: Unless you are building a house from scratch, you won't find everything that you are looking for. When purchasing a house, make sure to leave room for possible renova...

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