Unexpected Expenses to Prepare for When Buying for the First Time

Buying your first home is an exciting time in your life. There's a sense of accomplishment and excitement in the air. As you prepare for your home purchase in mid-Missouri, you may start to think about the financial responsibility that comes along with becoming a homeowner. As the expert for first time home buyers near Eldon, MO, our team of agents have some tips for new homeowners. To start with, you need to get an idea of your future costs of owning a home and that's what this week's blog is all about.


Home Upgrades

There are many upgrades that can be done to different spaces. Depending on your personal preference and living condition needs, you may have a long list of to-dos to your new home. These home upgrades take time and money. As you invest in your home, try to save up for your major projects ahead of time that way it isn't so much of a crunch when it comes time to purchase your needed materials and labor.

Exterior Maintenance

If you're buying your first home, you've likely been renting of living with someone else and not responsible for exterior maintenance. The most common maintenance outside is mowing your lawn. If you don't have one already, purchasing a mower can be a big financial burden. If you plan to hire that task out, you'll have to adjust your budget for that added expense, as well. Other maintenance tasks outside that will likely cost may include working on the landscape.

Furnish Home

Many first time home buyers don't have much furniture if any at all. Buying furniture for a new home can be quite a financial undertaking. A way to save on this big expense would be to furnish what you need and leave the other spaces for later to help stretch out your budget. Another way to spend less is to find second-hand furniture to complete your space.


Personalize Space

Making your space your own is an exciting part of owning a home. From painting to decorating, there are many fun tasks that come with homeownership. Unfortunately, these tasks have some costs associated with them. Plan ahead to help budget personalizing your space into your new home purchase!

It's best to factor in future expenses of homeownership as you prepare for your budget as a homeowner. Don't be surprised by these common unexpected expenses that go hand in hand with owning a home. Our experienced team of real estate agents in Eldon, MO are here for your first time home buyer needs. If you're thinking about purchasing your first home for sale in mid-Missouri, contact Devine & Associates today and we'll help you get started on your home search!

Devine & Associates Would Love To Help You Buy A Home!

Our real estate team in Eldon, MO would be thrilled to help you buy your first home.  We specialize in first-time buyers and we understand the unique challenges and concerns many people in your situation face.  If you are thinking about buying your first home, we hope you'll give us a call!

The BEST Real Estate Agents in Central Missouri!

Where Your Best Interests and Our Best Efforts Meet!

                                                                                                                                                                             (573) 392-9900
203 E. 10th St., Eldon, MO 65026
(573) 207-8407
213 N. Main St., Laurie, MO 65037
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Location: Etterville, MO 65026, USA

Comments

  1. Cynthia WilsonDecember 23, 2019 at 10:30 PM

    Buying vs. Rent to Own Homes The very first step to purchasing a house is typically to submit an application for pre-approval or pre-qualification from a financial institution or a different lender. To learn more about rent to own homes, visit on hyperlinked site.

    ReplyDelete
  2. AnonymousJune 15, 2021 at 5:46 AM

    I found this blog informative or very useful for me. I suggest everyone, once you should go through this.

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  3. Levi BrydeAugust 8, 2021 at 11:40 PM

    I usually use EXP Realtyy when I'm looking to purchase a home anywhere in the United States. Their representatives are always willing to assist me in obtaining my desired home. You may also contact their local agents if you want to purchase, sell, or rent a real estate property anywhere in the United States.

    ReplyDelete
  4. cbjamaicaFebruary 25, 2022 at 5:11 AM

    Buying house is a dream for everyone . For buying house for first time you need to prepare for many unexpected expenses. After reading your article I got very much information about unexpected expenses and It resolved many of my doubts.

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  5. RCI Realty PlusMay 26, 2022 at 12:10 AM

    I am very thankful and greatful to you for sharing this best knowledge with us. This information is very helpful for us.
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  6. Century21September 8, 2023 at 12:23 AM

    Great Blog!
    I love to read about essential things that we should consider while purchasing a house. Thanks a lot for giving the time and writing an amazing piece of knowledge.
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