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Healthy Finances, Extra Expenses

dreamstime_xs_24552614Finding a perfect home for your family at Smith Mountain Lake is easy. But the responsibilities of home ownership will be more of a burden than a blessing if home buyers aren’t properly prepared. Popular financial consultant Dave Ramsey provides a helpful list of tips meant to prepare home buyers for everything involved in owning real estate so that the responsibility doesn’t become a hardship.

One of Ramsey’s tips is to consider the extra costs involved in home ownership as you’re figuring out your budget. Additional expenses may include property taxes, utilities, insurance and HOA dues. These are regular costs to incorporate in the monthly budget. First-time home buyers will also need to be prepared for upkeep and maintenance costs such as lawn care, handyman needs, air filter and light bulb replacements, carpet cleaning and unexpected repairs.

Make sure you meet with a financial consultant and follow the tips on Dave Ramsey’s site to get your finances in order before getting your heart set on a property that will only add stress and pressure to your life over the long run. And when you do have healthy finances and are ready for a Smith Mountain Lake property, your best bet is to contact us at Deb Beran Properties to secure the finest realtor at Smith Mountain Lake.

Category : Smith Mountain Lake Real Estate



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