What are some of the new responsibilities I will have to take on as a first time home buyer? What are some of the benefits?
As a first time home buyer a large part of your time must be put to making sure you can afford down payment and regular mortgage payments on your home, and a disciplined effort towards saving for future repairs and improvements is vital. It is also important to keep in mind that purchasing a home is an investment, it is a low risk investment, but research involving current investment trends in your desired area of living is vital in analyzing the success of your investment. These, among others, are important responsibilities that are largely involved as a first time home buyer, and they must be considered. There are many financial benefits to owning a home, but the most obvious and important benefit is that of appreciation value. When choosing a home, it is important to consider the appreciation value potential of your home, so that when you sell it you may benefit from the difference of the appreciated value from the purchase price of the home.
