Buying a home is one of the most exciting – and important – moments of your life. Your home is not just the roof over your head, where you live, eat, sleep, play, and raise a family; it’s also one of the most important investments you’ll ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully.
You may, at time, feel excited to buy because interest rates are low, prices are favourable, or a certain home has come on the market, but don’t make the single most important purchase and investment decision of your life on a whim.
Why Do You Want To Buy?
There are many reasons to buy a property. Maybe you are tired of paying rent, or have outgrown your current home. Perhaps you would like a larger yard, a shorter commute, or simply to live in a different neighborhood.You could even be looking for an investment or rental property. Whatever the reason, having a clear sense of why you are choosing to buy will help you choose the right property.
Has Your Income Grown?
Property ownership is an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio. Owning real estate is one of the least risky ways to build equity or to obtain a greater return on your initial investment.