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| Photo by Binyamin Mellish from Pexels |
Buying a home is a huge decision that can affect how you live the rest of your life. Although most people know better than to take this lightly, many people fall for some common pitfalls that they could avoid through planning. This house is your future home, so take the time you need to make sure it's the perfect fit for you.
Going Beyond Your Budget
This mistake is one of the most common ones. A lot of people like to follow the rule of making sure your house payment is no more than thirty-three percent of your monthly income- but it should get calculated on a person-to-person basis. What bills do you pay every month? Calculate everything down to groceries and fun that you have.
How much is left?
Although an ideal budget is fun to have, being house poor isn’t fun. What's the good in owning your own home if you can't afford to furnish it?
