top of page
Responsibilities of Homeownership
Answer the following questions to help determine if you are ready for homeownership:
Are you and your family ready, willing, and able to...
-
Make a commitment to live in the same home for up to 30 years? (It's easy to move when you rent, but when you own a home, moving is much more complicated!)
-
Mail your mortgage payment to the mortgage company every month? (All mortgage companies, including Square Foot Ministry, will foreclose on homeowners that become delinquent in their payments.)
-
Save $800 for closing costs and other start-up expenses relating to homeownership?
-
Budget for ALL expenses of homeownership, including but not limited to water, heat, electricity, garbage, property tax, homeowner's insurance, etc.
-
Pay monthly association fees if your home is in an association?
-
Fix a broken toilet yourself or spend money to hire a plumber when it breaks?
-
Spend hours of your "free time" keeping the house in good condition? (painting, doing repairs, yard work, cleaning, etc.)
-
Learn the skills necessary to do maintenance on your home?
-
Keep the lawn mowed (including maintaining a lawnmower)?
-
Spend time getting to know your neighbors, since good relationships with neighbors are the start of healthy, strong communities?
If you answered "yes" to all of these questions, you may be ready to become a homeowner.
If you answered "no" to any of these questions, you may not be ready to accept the responsibilites of homeownership at this time. That's ok! It's better to know you will not be happy as a homeowner before you own a home.
Important:
When you purchase a home through Square Foot Ministry, SFM becomes your mortgage company, not your landlord. The house and any problems or damage that occur after move-in are the homebuyer's responsibility.
If you feel you could be a new Square Foot Ministry Homeowner, continue to the application.
bottom of page