Here are some final tips to make life as a new homeowner
more secure.
Saving
Many unexpected expenses arise such as
getting a roof fixed, buying a new water heater or even fixing window glass.
For all this you need money. Right after the homeowner ship start an emergency
fund or save in the bank so that you don’t get off guard at time of need.
·
Regular maintenance
Perform regular maintenance of the house.
Take excellent care of the house as you have put huge amount of money in it.
Fix and mend the broken things before they damage too much.
·
Housing Market
There is absolutely no reason to check the
housing market if you don’t want to sell the house. You have just bought a
house, live in it for few solid years before making the selling decision.
·
Don’t sell your home for your retirement
Continue to save the maximum in your retirement
savings accounts each year. If you want to look at your home as a source of
wealth in retirement, consider that once you've paid off your mortgage, the money
that you were spending on monthly payments can be used to fund some of your
living and medical expenses in retirement.
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