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How To Budget Before Buying A Home

JohnReider
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How To Budget Before Buying A Home

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  1. How To Budget Before Buying A Home Budgeting is an important task that you must do before buying a home as it helps you get ready for closing costs & other upfront payments. Here is a step-by-step budgeting guide. Create a spreadsheet and list your monthly income & expenses including a separate line for future housing expenses. 1 Have an estimate of your mortgage payments; consider the principal, interest, monthly payments etc. 2 3 Start maintaining a line of money for property taxes & home insurance. Get an approximate of utility bills & also keep aside some funds for regular maintenance as well as repairs. 4 5 Continue adding funds to your emergency fund for any unforeseen situation. www.johnreider.com John Reider Properties 455 E. Central Texas Expwy, Suite 101, Harker Heights, TX 76548 Phone: (254) 699 - 8300

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