Some tips to consider when buying a house:
1. The first thing to consider is the need.
Do you want to buy a home because you can afford or because you need one? The answer to this question depends on the buyer but it is a good idea to do all calculations before you make your next biggest purchase.
2. The second tip is to do enough research.
Ask for as many photos of the home as possible including photos of its environment. Then take a trip to the place to confirm the details before you enter into a life-changing contract.
3. Involve a real estate professional.
Get a professional real estate sales agent to advise you concerning physical value of a home and calculations involving mortgage deposit and interests. This will help you to avoid premature decisions.
4. Avoid speculation.
Don’t buy a home because your boss has promised you a promotion or you believe market will grow in the near future to provide you with enough resources to serve your mortgage. Buy if you can afford it now. The future is unpredictable and entering to such great deals speculating on future prosperity is the biggest mistake you can make.
5. Big does not necessarily mean the best.
Buying a home because of its size is a mistake you don’t have to make. Many times a small house looks neat and presentable than a big unsustainable house. Buy a home that you can be proud to bring your best friend.
—Property Millionaire Intensive
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