Why is home ownership, often considered, a central component of the so-called American Dream? Although every prospective homebuyer is looking for different things, perhaps unique to them, almost everyone enters the process, period, with specific desires, and HOPE, thus creating a meaningful and motivating experience. If one begins the process, focusing on what they are looking for, on their own home, as well as, realistically, they can afford (without becoming home – rich, but otherwise poor and stressed), the normal and the stress and the tensions, doubts and insecurities. , it will be much more limited and severe! With that in mind, this article will attempt to briefly consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why, savvy shoppers will pay attention to some of these core ideas.
1. Heart; heating: The heart of a home should be centered around the essential bones of the specific property. A smart buyer recognizes, while one can alter and amend, the aesthetic aspects of a home, such as paint, flooring, etc., with a minimum of inconvenience and cost, if the major components of the property are weakened, and/ or compromised, you may be buying a Money Pit, rather than a nice place to live. Carefully inspect and consider the condition, age, and effectiveness of heating and air conditioning (HVAC) systems, as well as the overall air quality. Consider how long you’ll be happy with items, like your kitchen and bathrooms, because if this needs a renovation in the near future, a smart homebuyer will factor that extra cost into their financial estimates, and skills.
2. Options; opportunities; organized: Is the way the house in particular is set up and organized something that you feel will fit your needs, goals and personality? Are there specific options that you believe are essential and relevant to your potential to fully enjoy the home? If there’s something you’re not 100% in love with, are there realistic opportunities to make certain changes?
3. priorities; perceptions; prices: start with your eyes wide open! Seriously, know and stick to your personal comfort zone, in terms of pricing, including the asking price and the costs of any renovations, etc., you’ll do, in the first year or two. Does this house align with your personal perceptions of where you want to live?
4. Emphasis; energize; energy costs; efficiency: Know your personal emphasis, right from the start! A new home should energize you in a positive way. Don’t forget to seriously consider your total energy costs, as well as your monthly payments, including principal, interest, property taxes, security deposit, and utility costs! If it proceeds, with a realistic perspective, the process and the adjustment will be more efficient and satisfactory.
5. Strengths; service; sustainable; systems: Know the strengths and weaknesses of the house before you buy it! Do the strengths outweigh the potential weaknesses? Will it serve your current needs as well as the sustainable future? Make sure all major systems are in good working order, reliable, right from the start!
When a potential owner focuses on the HOPE By purchasing a specific home, you become more capable of making a wise decision. Since, for most, your home represents your biggest financial asset, doesn’t that make sense?