Home value can be affected by factors beyond your control, but you can still manage the ongoing costs of homeownership. These include:
Mortgage payments: Choosing a longer mortgage repayment period (30 years instead of 15 years, for example) yields smaller monthly payments. So does a bigger down payment. After you purchase a home, you may be able to reduce payments by refinancing or negotiating a lower tax assessment.
Insurance: Compare homeowners insurance rates from different insurers to find the best price and coverage. Choose a policy that’s tailored to your needs rather than simply picking standard coverage. Buying homeowners insurance from your current auto insurance company may earn you a discount. Some home improvements, like a new roof or security system, may also yield lower insurance premiums.
Utilities: Stop energy waste by boosting home efficiency. Make your energy bills more affordable by switching to LED lightbulbs, properly