Buyer Tip: Build up Your Savings Now

Down payments and closing costs aren't the only thing you need to consider when saving for a home. You will need some cash set aside after you close for things like moving expenses, furnishings, and possible home repairs. Try to plan ahead for the cost of moving boxes and supplies like bubble wrap and tape, renting a moving truck, or hiring professional movers to help. Then once you are in the home you will most likely want new furnishings, rugs, shower curtains, etc. Also keep in mind the home may need a few repairs so try to keep some money set aside just in case.