5 Things I Learned From Buying My First Home Modest Money1 Comment

If you would have told me one year ago that I was going to be a homeowner by now, I would have rolled my eyes and told you to stop putting pressure on me. I’m doing just fine the way things are, thank you!

But then, I started diving in to the personal finance blogging community and quickly learned from blogs like this one that your money is pretty useless sitting in a standard savings account. I also learned how renting a home can be a waste of money if you’re financially ready to buy. So I grabbed a handy myFICO calculator and crunched the numbers. And then my head exploded. Not only could I afford a home, I could afford a pretty decent home. Who woulda thought? I sure didn’t.

Flash forward 6 months and I’m the proud owner of my first little desert bungalow, fully-loaded with years of home repair and improvement projects. Here’s what I learned in the process:

1. You can’t rush a house

I mean this in two ways. First of all, the home buying process is long. I was lucky enough to have a lender willing to do a 30-day close. That means only…

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This entry was posted in Real Estate, and tagged , Modest Money1 Comment
By : Adam | 23 Oct 2014
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