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 Should you rent or buy? 

Clearly not everyone is qualified to buy a home. In fact, prior to making the decision to purchase a home, many people have not yet fully evaluated all of the costs associated with becoming a home owner. In addition to the initial down payment and closing costs there are several other costs to budget for, such as:

• Homeowner's Insurance
• Home repairs, including appliances, air conditioning, furnace, roof
• Property taxes
• Utility bills, electrical, gas, water, sewer, garbage, telephone, internet
• Lawn care
• Pest control
• Security system
• Remodeling
• Association or membership dues
• Furniture
Even if you are very handy, dealing with broken appliances, a leaky roof or a fallen tree can be a huge nightmare. The way to avoid this is to establish a savings account dedicated to the unforeseen expenses. Being prepared and educated can make homeownership a wonderful experience.