According to an article on Yahoo Finance, it seems like one out of every four homeowners would not buy their home again if they had the opportunity to do so. This is eye-opening, to say the least, but not terribly surprising when given the fact that home-owning can be one of the most financially taxing endeavors that anyone can become involved in. However, from what I have seen in the article, the idea of regret is especially prominent against younger homeowners, which Bobby Jain may be able to attest to.
The report detailed that 28 percent of homeowners who were younger than 65 regretted purchasing their homes. This point is especially interesting when compared to 14% of homeowners that are seniors. It is important to note that those who are younger are, more often than not, at higher risk of making risky financial decisions. Does this necessarily mean that they have to come about? For those who are looking to purchase homes of their own, here are 3 ways to ensure that you have as few regrets as possible.
1. Rates have to be considered but what exactly does this entail? Bobby Jain may be able to tell you about this, seeing as how housing costs on your end should not go over one-third of your household budget. This is especially true when other factors, including family and electricity, have to be taken into account as well. According to the article, mortgage calculators can allow individuals a better idea of what they need on the financial front and authorities such as Jain can support this.
2. The best real estate agent will be able to help you in the long run. When it comes to these types of agents, though, their effectiveness may vary and you may not know what you are in for unless you research the matter. Ideally, a real estate agent will put your needs first as he or she searches for housing options that are able to suit all of your needs. In order to attain the best results, look on the Internet for agents in your area.
3. You should have a firm understanding of the neighborhood that you live in. One of the reasons for this is because you never know if it may become noisy during one part of the day or too compact throughout another time of the day. If you want to attain the best understanding of a particular neighborhood, travel throughout it while it is light as well as when it is dark. From what I have seen, this will give you a better understanding of what home-owning is about.
The report detailed that 28 percent of homeowners who were younger than 65 regretted purchasing their homes. This point is especially interesting when compared to 14% of homeowners that are seniors. It is important to note that those who are younger are, more often than not, at higher risk of making risky financial decisions. Does this necessarily mean that they have to come about? For those who are looking to purchase homes of their own, here are 3 ways to ensure that you have as few regrets as possible.
1. Rates have to be considered but what exactly does this entail? Bobby Jain may be able to tell you about this, seeing as how housing costs on your end should not go over one-third of your household budget. This is especially true when other factors, including family and electricity, have to be taken into account as well. According to the article, mortgage calculators can allow individuals a better idea of what they need on the financial front and authorities such as Jain can support this.
2. The best real estate agent will be able to help you in the long run. When it comes to these types of agents, though, their effectiveness may vary and you may not know what you are in for unless you research the matter. Ideally, a real estate agent will put your needs first as he or she searches for housing options that are able to suit all of your needs. In order to attain the best results, look on the Internet for agents in your area.
3. You should have a firm understanding of the neighborhood that you live in. One of the reasons for this is because you never know if it may become noisy during one part of the day or too compact throughout another time of the day. If you want to attain the best understanding of a particular neighborhood, travel throughout it while it is light as well as when it is dark. From what I have seen, this will give you a better understanding of what home-owning is about.
About the Author:
If you'd like to learn about the best methods to remain financially solvent, contact Bob Jain for further details.
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