“Our home is our castle, our sanctuary, our haven of safety. It is where we can just be, create, and enjoy the pleasures of life.” – Jewel Star, 7 MAGIC KEYS TO BUYING A HOME: What You Need to Know for Savvy Home Buying
There is no doubt that there is something magical about owning your own home. I believe that there is an enormous psychological difference between owning a home and renting a place to live from a landlord. One of the reasons for this opinion seems to be as though it’s simpler to believe that once you buy a house, it won’t be necessary to move at the whim of a landlord.
To further emphasise this point, Matthew Kassel of the Wall Street Journal opines that the fact of the matter is that “homes come with far more emotional weight than any other investment we make. A home is a refuge from the world, a place to raise a family and, for some people, an investment they hope will bring them a good chunk of money down the road.”
What constitutes a perfect home?
In my opinion, the answer to this question is a matter of opinion, and it is based on what your personal circumstances are, what your preferences are, and what your primary goal for purchasing a residential property is.
For example, if you are a handy man and enjoy renovating houses in your spare time, your perfect house will be a home that needs extensive renovations. Furthermore, you might be a young up-and-coming millennial with simple requirements; consequently, an apartment close to the city centre will suit you down to the ground.
Tips to help you choose the perfect home
It’s important to remember that all homes will have flaws. You need to determine which flaws you can live with or not. Be that as it may, I do believe that every property must meet certain basic requirements to make the purchase worth your while. Consequently, here are three five tips to help you find a residential property that suits your needs:
It’s important to determine your purchase price range before you start looking at houses. When determining your budget, you need to factor in renovation costs, closing costs, as well as other sundry costs that you might incur. If you need advice on the costs involved, a real estate broker such as Triangle House Hunter will advise you on the average costs for a wide range of locations. Once you have determined what your maximum budget is, it’s vital that you stick to these figures so that you don’t overspend.
Once you have your budget worked out, the next step is to decide what type of home you would like to buy. For example, if you are looking for a fixer-upper, you will more than likely pay less for the house; however, you will need to factor in the cost of the renovations.
The address of your new property is vital to both its resale and investment value. Furthermore, it’s important to factor in the cost of transport, time, and convenience from your home to your work. It does not help buying a house in the suburbs for less than you will pay for an apartment in the city centre when the cost of traveling to work and back increases exponentially. Your will end up losing money in the long run!