Somewhere in a homebuyer or homeowner’s budget there should be a line item that says "Emergency Fund".
Every homeowner should have an Emergency Fund set aside. That's because someday, something will go wrong. Imagine the roof suddenly starts to leak. Or you discover mould in the basement. Or maybe you get hurt and need to take a month or two off work. What happens to your carefully designed budget then?
Having an emergency fund in place before you buy a home will give you peace of mind – knowing you have some financial buffer to tackle an unexpected financial obstacle.
To discuss this tip or anything Real Estate related please give me a call anytime at 780-908-1224.