Why is homeownership, which is often considered, a vital part of the so-called American Dream? While every potential home buyer is looking for different things, perhaps, of their own, almost all of them go into the process and time frame, with specific wishes, and Hopes, so it creates a meaningful and motivating experience. If one starts the process, focusing on what he is looking for, in his own home, as well as, can realistically afford (without becoming home – rich, but otherwise poor and stressed ), normal and stress and tensions, doubts and insecurities, will be much more limited and severe! With that in mind, this article will attempt to briefly, examine, review, revisit, and discuss, using the mnemonic approach, what it means and stands for, and why, smart buyers will pay some attention to some of these foundational ideas. .
1. Heart; heater: The heart of a house, must focus on, the essential bones, of the specific property. A wise buyer recognizes, while one can alter and modify, the cosmetic aspects of a home, such as painting, flooring, etc., with a minimum of fuss and cost, if the main components of the property are weakened, and / or compromised, maybe you are buying a Money Pit instead of a nice place to live! Carefully inspect and consider the condition, age and efficiency of the heating and air conditioning (HVAC), as well as the overall air quality! Consider how long you will be satisfied with items, such as your kitchen and bathrooms, because, if it requires renovations, in the near future a wise buyer will factor this additional cost into their financial estimates, and capabilities. .
2. Options; Opportunities; organized: Is the way, the particular house, set up and organized, something that you think will suit your needs, goals and personality? Are there specific options that you think are essential and relevant to your potential for getting the most out of the home? If there is something that you are not 100% in love with, are there realistic opportunities to make certain changes?
3. The priorities; perceptions; pricing: Start with your eyes wide open! Seriously, know and respect your personal comfort zone, in terms of price, including the selling price, and the costs of any renovations, etc., that you will do, in the first year, or two. Does this house match your personal perceptions of where you want to live?
4. Accentuation; energize; energy costs; Efficiency: Know your personal emphasis, from the start! A new home should energize you in a positive way. Remember to seriously consider the total cost of energy, as well as your monthly payments, including principal, interest, property taxes, escrow, and utility costs! If you continue, with a realistic perspective, the process and adjustment will be more efficient and satisfying!
5. Strengths; a service; sustainable; systems: Know the strengths and weaknesses of the house before you buy it! Do strengths outweigh potential weaknesses? Will it meet your current needs as well as a sustainable future? Make sure all major systems are in good working order, reliable, right from the start!
When a potential owner, focuses on Hopes to buy a specific house, he becomes more capable of making a wise decision. Since, for the most part, her house is her only – greatest financial asset, doesn't that make sense?