You are right - it is stressful! But it is sooooo worth it! You will have to save a little nest egg for repairs and unexpected expenses - but hopefully you and your hubby can do most of them, and that will save you half of what it would cost someone else to do it.
The YTer who said that, in time, your payment will be lower than rent and new homes is exactly right. The sooner you take the plunge into home ownership, the better!
I know you are so excited - I'm an old timer, but I remember when we bought our first house, it cost - get ready - $19,000. It was about 1100 sq feet with 2 bedrooms and a huge yard. We sold it 3 years later for $35,000 - bought another one for $42,000 and sold it a few years later for $65,000.
It is just a wonderful feeling to own a home - but be sure to try to get that little savings account set up for repairs and a couple of mortgage payments, should you be out of work for a bit.
Congratulations!!! It is so exciting to buy your first home - ENJOY!!!
__________________  Rex & Rowdy's Mom  |