Owning a home can be an empowering feeling and is certainly a major step towards financial independence and retirement. But it’s important to consider all the expenses of owning a home, not just the mortgage itself.
For example, your heating costs will increase, or maybe at some point you may need to renovate your house, you may even need to find a 24 hour plumber. Plus you’ll need home insurance and a security system to help protect your investment in your home.
For more ideas on some of the expenses you can expect and some ways to save money, have a look at this infographic created by GoBankingRates. (click image to enlarge)
Find the best bank rates at GoBankingRates.com.