I Just Bought a House, Now What?


Post-Purchase Q&A:

  • What do I do with all of these closing papers?
    Keep your closing papers organized in a separate file as long as you own the property. You’ll need them for tax purposes if you decide to sell your home. Read More
  • What are some immediate expenses I can expect?
    Besides your mortgage payment, be prepared to pay for homeowner’s insurance, property taxes, HOA fees, maintenance and repairs, utilities, and any appliances and furniture that weren’t included in your home purchase. Read More
  • When should I consider refinancing?
    Before refinancing, figure out your “break-even point,” or how long it will take you to recoup the costs of refinancing through lower monthly mortgage payments. Read More
  • When should I consider doing major home updates?
    Home updates can be pricey. If you used all your savings on closing costs and the other initial expenses of buying a home, save up some money before tackling major improvements. Read More
  • How soon can I sell?
    You can sell your home immediately if you need to, but you may end up losing money if you haven’t built up much equity. Read More
  • How do I budget for home maintenance costs?
    Most housing experts recommend setting aside 1 to 3 percent of the purchase price of your home each year for maintenance and repairs. Read More

More Post-Purchase Questions and Answers

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