Buying a house is more than just purchasing a land and concrete blocks spread across 2000sq ft. You are buying yourself a lifestyle, something that would represent you and your name and taste. The task of finalizing a home for yourself and your family can be nerve-racking. You try to possibly do everything right and yet there is a good chance of making a mistake. This can happen to the best of us, there are so many responsibilities and doubts that hover one’s mind, mistakes are bound to happen. However, there are some tips you can keep in mind while buying yourself a home. These tips won’t let you make a blunder, let alone small mistakes.
- Do not switch jobs.
This could be one of the silliest mistakes one can make while buying a house. This is a huge responsibility. Both the tasks are life-altering. One will definitely affect the other. If you are planning to change your job, either postpone or drop the idea of buying a house all together. You need financial security and enough support from your work place as well. Even if the new job opportunity pays you more, don’t change it. With higher salary comes greater responsibility.
- Do not be superstitious.
Buying a house can be an overwhelming experience. Every house excites you, every house brings joy. Some houses put you off, there are few which feels just right but due to someone’s irrational belief you start having second thoughts. Believe in your instincts only. If the house gives you good energies and vibrations, consider them. Shortlist them, if not finalize.
- Do not make huge investments.
Keep your savings ready for the house only. Do not spend a chunk of your money in something you think is as important as the house because nothing is. You need money not only to buy the house but also for the payments post the purchase.
- Inspect the house as many times as you can.
Check the exterior of the house, the driveway, doorbells, porch area, foundation quality, termite damage or septic tanks etc. Also check the interiors; the flooring, doors and windows, water pressure, ventilation or proper working electric outlets etc. Check your yard’s drainage system, the roof, the chimney, the fireplace, storage area. Get yourself a quality check list or a good home inspector.
- Arrangement of Utilities.
If you feel like you have finally come to a decision, start keeping a track of service providers of various utilities. Once your contract is ready, start contacting them all and apply for the services. The whole process takes time so it is imperative you start activating different services at your new place. Don’t forget to discontinue the services at your old premises.
- Be alert and aware of all the loan and insurance policies.
If you are not aware about how a loan works, hire an assistant or ask a friend who will guide you through the paperwork. Different banks have different policies, take your time to understand and go through the procedure. Make sure no one dupes you.
- Keep your emotions in control.
This one is a hard one to follow. It is difficult to keep calm during this phase. Don’t let the emotions make decisions for you. Stick to the plan. Stick to your budget. Don’t let the over friendly sellers or extremely nice neighborhood fool you into buying a place which does not fit in your budget or requirement. Yes, the neighborhood should be safe and good but it can happen anywhere, don’t let the first good option take control over your entire investment.
These seven tips will guide you throughout your journey of buying a home. All you need is to be safe, alert and smart in your decision-making.