House Poor No More

 

I started reading Romana King's House Poor No More back in mid July, and just finished it today. Because of the time it took to finish, it derailed my reading plans a bit, but that's okay - I think it was an important book to be reading right now.  I'm at a point where I'm considering home ownership, and didn't want to go into it unprepared.

King's book is not what I originally thought it would be - a book for new homeowners getting into the market.  Instead, it is about homeowners of all types being smart about owning a home.  I admit that, as a potentially first-time homeowner, I found King's book rather intimidating.  It's front loaded with all the things that can go wrong with a house, which honestly scared me quite a bit.  Yes, I know that all of these things might not happen, and that it's good to be aware that they can.  But as someone thinking about getting into the market, it's a rough start!

That said, King gives a very good overview of what home-ownership entails, looking at everything from repair costs, upgrade costs, insurance, mortgage and debt management, and taxes.  This is a Canadian book, so it looks at everything from a Canadian angle, which I was really happy to see as I am Canadian.  It's also structured in such a way that you should be able to use the book in the future even if the prices of things continue to go up.  

House Poor No More is a fairly dense read though.  I found that I couldn't just sit and read it the way I can with some other nonfiction books.  I had to read a chunk, then kind of let that settle in before I could continue reading more.  That being said, it was very much worth the read!  I got this book from the library, but am considering picking it up for myself in the future as a reference!