Purchasing and moving into your first home is a huge deal which many of us look forward to. That is when you can finally say you’re financially independent. But homeownership means a lot of responsibility, and while buying a house is the first step, that’s only the tip of the iceberg.
While rent is a much cheaper option when it comes to having your own place, you might consider purchasing a house as a more beneficial investment in the long run. However, if you don’t want to go bankrupt after buying your first house – which, let’s face it, is not so much fiction with real estate prices and housing costs being currently despicably high – starting small might be the way to go. And when it comes to small living on a budget, tiny houses are a great choice, since they may be even ten times cheaper than a traditional house.
However, since the purchase is only the beginning, here are a few things to keep in mind when it comes to the financial side of buying your own house:
- Don’t be fooled by listing prices
When seeking eco tiny homes for sale, take some time to consider post-purchase costs before you jump head first in a purchase just because the price listed is small. Planning ahead will save you a lot of stress and unnecessary costs along the way.
Think about living costs, utility bills, insurance and try to make a list of all the things you’ll have to pay for after getting the house itself.
