The Art of Buying the Perfect House
The art of buying the perfect house is something only you can know with a few tips and tricks and knowing exactly what you are looking for. A lot of first time home buyers, or consumers who are buying a home with a suddenly larger budget than expected, go out with stars in their eyes and sometimes buy with emotions rather than with their minds. The key to this is reigning in your emotions and trying to concentrate on just a few very important and key elements to accomplish the art of buying the perfect house that suits YOU or you and your partner’s needs.
When buying the perfect home you need to be sure and know your budget. Just because the bank approves you for a larger amount than expected, does not mean that you should use the entire amount that you were approved for. Go over your budget and know exactly how much you want to spend on a house and what a comfortable monthly payment would be for you to be able to handle. Some important things to consider when thinking of a monthly payment is if money is tight for one reason or another, you think you can still handle the payment without a problem. If you buy something that you can afford when things are going WELL, but not if there is a sudden strain on finances, then you really should consider if you truly need to buy that particular home. Particularly if a spouse or partner loses a job and your income becomes the main source for a while, could you still afford to make the house payment and afford to pay for necessities like groceries, electricity and the like? This is a very important question to ask yourself when buying a house.
Another important part to mastering the art of buying the perfect home is to reign in your emotions and concentrate on what is truly important. For example, if location is more important, then try to find a house that meets your needs in your ideal area. Write a list of your needs and a few small wants that you want and give the list to a real estate agent that you trust. For example, if you need 3 bedrooms and 2 baths but you want a bonus room or a 4th bedroom as a want you can list that as an optional “want” or as a “bonus” on your list. These things can go far – you can even ask for a Home Insurance Quote in advance so you can keep that number in mind! If your real estate agent can find everything you want or need in a home but it’s not in your ideal location, you need to weigh what is more important to you. Would you rather live a mile or two away from your target neighborhood in the house of your dreams or in a house that may not have everything you want in your target neighborhood? You need to decide what is more important to you and stick with that. Buy with your mind and not with your emotions.
Be sure you know exactly what you need and what your priorities are, how much you can afford to spend, and don’t let your emotions get in the way (probably the best of all home buyer tips!)! If you do, you may end up buying a house that is too expensive or that is pretty to look at but is impractical in maintenance or location. This is how you master the art of buying the perfect home.