How Buying a Home Changes Your Life
If you've just purchased your first home, congratulations are in order. It's exciting, but it can also be intimidating, as it's likely to be one of the most expensive purchases you'll ever make and you'll be faced with a host of new responsibilities. Owning a home is a new beginning, so take a deep breath and prepare for your new adventure. What changes when you buy a house? Owning a home gives you a wealth of freedom and responsibility. In fact, virtually everything changes when you buy a home. While your monthly payments on the home may be similar to your previous rental payments, you'll also be responsible for maintenance and building insurance. This means you're likely to be more financially responsible. Additionally, you're likely to invest more in the future of your home and potential upgrades, so frivolous spending could be a thing of the past. Balancing these obligations is the freedom to upgrade your home as you wish and the knowledge ...
