Home purchase decision making: 5 factors
Given that, for most of us, the value of our home is our greatest financial asset, doesn’t it make sense to go all out, to move forward, in the smartest way possible, using the best, decision-making processes and Steps? Before, you start, what is called, as Search for house, You should be as prepared and well-informed as possible, and give yourself a full check-up, from the neck up, to ensure that you balance your emotional and logical considerations in a head/heart balance. With that in mind, this article will briefly try to consider, examine, review and discuss 5 key factors that should become a component of that process.
1. Your personal intentions: What are your intentions for this property? Do you intend to stay there long-term, or do you envision it being short-term in some way? home start? Why do you choose this particular property, instead of some of the competition? Why do you think the combination of your wants, needs and personal vision could be fulfilled? Will you be honest with yourself, understanding both your individual strengths and weaknesses to move forward?
two. Personal Finance: How confident do you feel about your personal finances? Have you secured enough financial reserves to proceed, with much less stress and strain? Will you be able to enjoy this residence, without unnecessary stress, tensions, tensions and anxieties?
3. Your individual priorities? Why do you consider certain things to be priorities and others less essential for you personally? Why do you want to own a home? How will it make your life more fulfilling, or will it really? Are you able to do what you feel, want, and need, instead of trying to fit in with the crowd, etc.?
Four. Job/Financial Security: How secure do you feel about your job and future financial security? Will buying a house, at some price level, become a stress instead of a joy? Will you have the discipline and commitment to set aside funds every month for contingencies, reserves, etc.?
5. Your views: It is a matter of mind, over matter. If you don’t have a mind, it doesn’t matter. These famous words, by Groucho Marx, remind us that our perceptions and beliefs are personal, and it is up to each of us to handle life’s obstacles, whether as a problem or a challenge, to overcome them! Henry Ford is credited with saying: You can believe you can, or you can’t. Either way, you’ll be right. Are you emotionally ready to have a home of your own?
Will you make your decisions about buying a home in a wise and personally satisfying way? Are you ready to rise to the task?