Is Homeownership Right for You?
Friday, 19 March 2010 08:42
Buying a home is one of the biggest emotional and financial decisions you'll ever make, so prepare yourself to make a knowledgeable decision. Although buying a home almost always seems like a great idea, it is important to understand what homeownership involves. Of course, being a homeowner is something to be proud of but it also means having to invest money, time and energy and take on added responsibilities. So, before you decide to buy a home, make sure you're ready.
Last Updated on Thursday, 25 March 2010 15:11
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Are you Financially Ready?
Friday, 19 March 2010 08:42
So, you’ve decided that homeownership is right for you. Now you need to determine if you are financially ready to buy a house. In this Step, you will find a number of simple calculations that you can do to evaluate your current financial situation, how much house you can afford and the maximum home price that you should be considering. Test Yourself To avoid any future surprises, you can do some financial exercises to see where you stand. They include calculating your net worth, determining your current monthly expenses and what your current monthly debt payments are.
Last Updated on Thursday, 25 March 2010 15:11
How Much will it Really Cost?
Friday, 19 March 2010 08:42
administrator
Once you have figured out the home price range you can afford and the type of mortgage you qualify for, you will need to calculate all of the associated costs of the transaction to make sure you are financially ready.
Upfront Costs
You will need to plan ahead to cover the many up-front costs of buying a home. Timing is important to help make sure things go smoothly.
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What Should You Buy?
Friday, 19 March 2010 08:42
administrator
Before you start searching for a home, you need to think about your needs both now and in the future. Here are some things to consider: * Size requirements. Do you need several bedrooms, more than one bathroom, space for a home office, a two-car garage? * Special features. Do you want air conditioning, storage or hobby space, a fireplace, a swimming pool? Do you have family members with special needs? Do you want special features to save energy, inhance indoor air quality and reduce environmental impact? * Lifestyles and stages. Do you plan to have children? Do you have teenagers who will be moving away soon? Are you close to retirement? Will you need a home that can accommodate different stages of life?
Last Updated on Saturday, 20 March 2010 16:56
What Professionals Should You Call On?
Because purchasing a home is probably the biggest investment you will ever make, you'll definitely want a team of professionals working with you throughout the process. The Real Estate Agent No one will play a more important role in helping you find a home than your real estate agent. Your real estate agent's job is to:
Last Updated on Saturday, 20 March 2010 17:06
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Buyers
