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Budgeting for a Future Home Purchase

Budgeting Beyond the Home`s Sales Price

Determining how much home you can afford takes some number crunching. Sure, you should look at the listing price -- but that`s only one part of the equation. In reality, there are dozens of other expenses you`ll face as a homeowner.

So what should you consider when budgeting for a home purchase? These expenses are a good place to start:       

It`s important to understand the full scope of a home`s cost -- both now and over time. Make sure you have a clear picture of what you can and can`t afford.