Owning a home is everyone’s dream and given the chance, most people may very well just grab the chance of being a homeowner. Being a homeowner, however, is not just a simple matter of owning a house and living in it happily ever after. The happily ever after comes but with responsibilities.
Here are some things you should know about owning a home:
– Maintenance and upkeep
Your home is your and your family’s protection against the elements of nature. For it to serve as your family’s shelter for years on end, regular repairs and maintenance must be made to keep it in tip-top shape.
– Fire insurance
You never know when accidents may occur and without fire insurance, you could very well lose everything should a fire occur in your home.
– Real estate taxes
Annual real estate taxes must be settled with the local government. A home could be one of the most expensive investments you’ll ever make in your life, but one whose benefits could outlast you. After all, if you take care of your home then your home will take care of you. – source: Metrobank.com.ph