You've found the perfect home and you're ready to make an offer. Where should you start? The first step is understanding what you can afford. While it's not nearly as fun as house hunting, fully understanding your finances is critical in making an offer. It will not only help you determine your price limit, but it will also help you understand if your budget can cover a new roof or furnace in the home you may be considering. You also need to understand whether or not you are financially prepared to cover monthly expenses for general upkeep and utilities, which can run hundreds of dollars per month.
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