If you are a first time home buyer, don’t forget that there is more to home ownership than paying the mortgage. As a homeowner, there are many financial responsibilities. Some of the basics are utilities, homeowner insurance and property taxes. However, you could also have unexpected expenses arrive for home repairs, such as a leaky roof that needs repair or replacing, an HVAC unit that needs servicing, etc. Whatever the case may be, it is important to be prepared for these “surprise” expenses.
