6 smart steps every new homeowner should take

As you take the leap into homeownership, be sure to consider these practical concerns.

What could be more exciting than taking the leap from renter to first-time homeowner? You can turn the key in a lock that no landlord has access to, read in a hammock in your own backyard and paint your dining room bright red. Some first-time homeowners get swept up in all the excitement and make mistakes that can jeopardize everything they’ve worked so hard to earn.

Don’t be one of those people: Take a few moments to ponder these seven practical concerns that will help ensure that your first home becomes the place of luxury and financial freedom you expected it to be.

  • Don’t overspend on furniture and remodeling

  • Adjust to the expenses of homeownership
  • Don’t ignore important maintenance items
  • Hire qualified contractors
  • Get help with your tax return
  • Don’t confuse a repair with an improvement
  • Get properly insured

These tips are from MSN.com, click here to read the full article.

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