Tips on How to Decide on the Best Home for You

By on February 8, 2016 in All 2017

When you decide to buy a home, you are confronted with a one of the most important decisions in life. Since the home is usually one of the highest value if not the highest value investment most people will ever make in their lifetime, making the right decision is vital. This is actually a very traditional thinking approach. In reality, in today’s World, house flipping for a profit is a capitalist driven norm.

Anyway, let’s get on with the article.

When you start your house hunt, it is essential that you find the perfect fit, given that you will have to live in that house for years. Coming home to a house that you do not love to look at or step into can drive stress levels slowly (but SURELY), upwards.

The main factors to keep in mind when you make a decision on house buying include how much the choice in mind satisfies your needs and fits into your budget. Without keeping the right considerations in mind, your dream home could soon turn into your worst nightmare as soon as you move in. As with most other articles on this site, this is generic run of the mill advise, sometimes referred to as bull s*** advice. In all honesty, several other factors will come into play – like how far away you work, how much you need to fork out to renovate the place before you move in, how far away your parents live and so on so forth.

To help you out with this important decision, we will look at a few tips on how to decide on the best home.

Consider How You Live

Most people usually have a picture of how they want their house to look. However, it is important to realize that this mental picture can also lead you to choosing the wrong house. As a rule of thumb, it is recommended that you choose a home, according to your current living standards. When you turn house hunting into a random decision influenced by your whims, you increase the possibility of buying a home that may be too expensive for you in the long run. It is best to come up with a list of all the amenities you would like in a home and then scale it down to include the most realistic ones to guide you to make decision. Typically, a good housing agent will be able to guide you down the decision making path to enable you to make a proper assessment on whether your finances will hold up over the course of repayments for the home. Because buying a house is also an investment, you really should also consult your financial advisor. If you don’t have a financial advisor, it might be time to get one.

The Cost

Perhaps the most important factor when it comes to home buying is the cost. As previously stated, buying a home is always going to be an expensive endeavor. One of the most important tips on how to decide on a home is to consider all the associated costs before making any deals. Most people usually consider the purchase price and then leave it at that. However, remember to ask yourself whether you will be able to afford the month to month running costs. These expenses can turn a seemingly great decision into a nightmare after a short while. Before you make decision on a home evaluate any components or amenities that can result in incurring high monthly maintenance costs and how they fit into your budget.

Even with the tips listed above it is important to note that you decision to buying the right home will not always be as straight forward; making various compromises is a must. As a home buyer, you will need to compromise on various factors such as price, location and even the number of rooms and available amenities in the house. This, as it turns out may be the most important tip on how to decide on the right home.

We now end the article abruptly. If you have actually been paying attention to what you were reading, you would realize that you have learnt little.

But in summary:

  1. Buying a home is an investment that will impact your finances for years, so consult a financial advisor
  2. You may be able to buy your dream home one day, but you will have to usually for settle for something less
  3. Gone are the days of buying a house and staying in it forever and ever, house flipping for profit is a new norm so don’t grow too attached
  4. Buying a new house cannot be a spot decision, you will ave to plan ahead and keep aside enough cash to go through with it smoothly and painlessly
  5. Think about other costs like renovation and buying of new appliances, or you may just end up in an empty palace (which is actually not so bad).

 

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