Leigh Insurance Agency of St Augustine Blog
The shift from leasing to finally owning a home is one of the most significant accomplishments for a person. It’ll take you several years to build your credit and to become financially ready to purchase your own home. While owning a home is a huge accomplishment, it also involves a great deal of work. There are several duties that you would need to learn and here are some of them.
Make Your Mortgage Payments
Possibly one of the most significant responsibilities that you have when you purchase your home. It is more important that you make these payments on time every month. It is different when you were renting a house if in case that you cannot pay for one month, you can always get away with an apology and promises to compensate the next month.
With paying a mortgage, this is not the case. If you are late, it will have a downside effect on your credit report and will result to foreclosure of your house. Make sure that you do not miss on paying your mortgage.
Pay Your Bills and Property Taxes
When you are renting, property taxes and water bill is not one of your concerns. Now, as a homeowner, it is one of your responsibility to pay your property tax so as not to accumulate interest that will add up to the amount of money that you loan.
As for the water bill, usually, it is one of the landlord’s responsibilities. However, as a homeowner, it is part of the statements that you need to pay. Your bill would depend on how much water you use.
During the times that you are still renting, whenever there is something that needed repairing, we always call out to our landlord. Now, when you own your home, any necessary repairs would be your responsibility. Making this as one of the most expensive duties of being a homeowner. You can save up on this if you can handle the job on your own, if not, then you can always pay for someone who can.
Home Sweet Home
Being a homeowner is not that easy. There are many obligations that you need to shoulder. However, the sense of pride in owning a home is irreplaceable. Always make sure that you are consistently on time with your payments and your bill.
Once you have acquired your property, make sure to get an insurance plan for your sweet home. Enjoy your new home! At Leigh Insurance Agency, we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (904) 826-0799. Get your free quote today by CLICKING HERE.