Once you start talking property investment and making a purchase it's hard to close the floodgates. Many families and couples start the discussion and end up over-excited, rushing into a financial commitment that they just aren't ready for. Sure, owning your own home is always going to be better than renting, but the huge hit it can have on your income sometimes isn't one that you can manage successfully.
There are a number of คอนโดมือสอง กรุงเทพ factors and costs to consider when buying a home. While you might have something of a down payment ready, are you sure you're ready to take the plunge?
Narrow Down the Neighbourhood
If you want to buy a home you need to know the cost. Start looking at neighbourhoods and suburbs that you're serious about and find out the property sale history for the area. Look for homes similar to your needs and start researching until you find common price trends that give you enough information to go one. Once you know the price you can better assess whether or not you are ready to make a purchase.
Talk to Your Bank
It's important that you know exactly how much you could afford to spend on a property if you went through with the purchase. Talk to your bank about your mortgage options and what they are willing to lend you. Sure, you might think you're ready and prepared to take on the cost of a home loan, but if they don't feel the same way then you won't be making any headway at all.
Figure Out Your Closing Costs
With an estimate of your closing costs, including the taxes, prepaid loan interest, cost of inspections and everything else you'll need to pay if you close on a deal, and the amount you'll need for a down payment you can figure out exactly how much money you'll need to part with upfront to become a homeowner.
It's also a good idea to add in the cost of moving too. Movers can sometimes cost you in the thousands depending on how much stuff you have and, if you don't have a lot of stuff, are you going to need to buy more? An extra three to five thousand dollars is still a lot of money to consider.
Sounding Confusing? Talk to a Financial Advisor
Talking to a financial advisor experienced in property investment can really help. Get an expert opinion on the current state of your finances and make sure your decision to buy is a smart one.
Buying your own home is always a good move. If the market is right and you can afford it, getting out of the rental game and becoming a homeowner is the best way to prepare yourself for financial security in the future. Make sure you can afford the home you want before you buy by factoring in these sometimes-forgotten costs of making a purchase.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น