Common rookie home buyer mistakes - AmericaNowNews.com

YourHome

Common rookie home buyer mistakes

Buying your first home is exciting. It's also very expensive. On top of a down payment and mortgage payments, you'll have to pay closing cost, insurance, and you may be on the hook for appliances and other home improvements too.

You should also plan to spend between one and three percent of the purchase price ever year just on maintenance. So, if your house cost $300,000, that's $9,000 a year you could be spending to keep it in shape. If the house is a fixer upper you'll spend more.

So before you sign anything, work up a realistic budget, and don't get talked into something you can't really afford.

Copyright 2014 America Now. All rights reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Fugitive Friday: Central Virginia's Most Wanted

    Fugitive Friday: Central Virginia's Most Wanted

    Friday, July 18 2014 12:10 PM EDT2014-07-18 16:10:28 GMT
    Fugitive Fridays tracks down Central Virginia's most wanted. Take a look at the photos and see if you can help police track down these suspects.
    Fugitive Friday helps track down Central Virginia's Most Wanted.
  • Physicians warn against giving melatonin to children

    Physicians warn against giving melatonin to children

    Parents desperate to get their troubled sleepers to bed are turning to synthetic melatonin, which is a supplement sold over the counter. But expert warn it could have adverse effects on child development.
    Many adults turn to sleep aids like melatonin, but now more parents are giving them to their kids, too. We talked to physicians to see what they had to say about how it could affect your child's development.
  • Six deadly foods for dogs

    Six deadly foods for dogs

    Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
    Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
Powered by WorldNow