Earmarking Money for AFTER Closing Escrow

Everyone saves to buy a home, right? Well, or you sell a home and buy another with the proceeds. Yes, I suppose you could have an inheritance and use that as your down payment.

Whatever the way you are buying your first, next, or last home...keep in mind, it's not just the 3.5 to 20% (or more) down that you need. It's not just that extra money for closing costs either.

It's money for a rainy day you say? That is super important for sure.

BUT, it's the money you need to have earmarked for allllll the stuff you want to buy for your new home once you move in!

Furniture, appliances, drapes, plantation shutters. Not just talking about the kitchen remodel you want to do and have stashed the appropriate cash for that.

It's the everyday things, the new house has one extra bedroom to furnish. The couch you made sure would fit in the new house just looks unappealing in it's new surroundings. That white fridge you had? Doesn't quite go with the appliances in your new kitchen.

One more thing to consider? Ask your trusted Realtor if any of the things you are thinking about upgrading in your new home are going to be a benefit or a detriment to re-sale value. You likely won't stay there forever and it just may be a waste of big dollars and not get the ROI you were hoping for.