Many individuals decide it’s time, for them, to become part of the so – called, American Dream, and, while, that’s a quality, meaningful perspective, doesn’t it make sense, to ensure, home ownership, energizes you, rather than, merely, adds lots of unwanted stress, to it? Shouldn’t you, be able, to, truly, enjoy, your home, rather than, anything less? In order to do so, one should consider, the somewhat, stress – free approach, to living and residing, somewhere! With that in mind, this article will attempt, to, briefly, consider, examine, review, and discuss, what I refer to, as, the 3 basic ingredients, of maximizing the potential enjoyment, in both the short – term, and longer – run.
1. Buy the home, for you!: Before, you begin, your search, and quest, for, what you hope, to be, your Dream Home, take the time, and make a concerted effort, to fully consider, what you seek, in the house, you will be living in! How well, you objectively, proceed, and, whether, you are willing to be honest with yourself, and consider your needs, desires, priorities, etc, is an essential, starting point! It’s important to buy the right house, for your present situation, and into the foreseeable future. What is most important to you? Have you carefully considered the specific neighborhood, block, region, etc, in terms of your personal lifestyle, etc? Will you balance your ego, the focus on Keeping up with the Joneses, etc, on what you can comfortably afford, and will meet your objectives?
2. Discipline/ preparation: Begin working on your personal finances, and credit, as far in advance, as possible, preferably, a year before you begin looking! Obtain a copy of your credit report, check it for accuracy, address any issues, do not take out any more credit, and, optimize it, so you will be able to obtain, the most affordable mortgage, with the finest terms. Fully consider your personal needs, objectives, and your comfort zone. Balance your fiscal needs, and situation, with what you want, and need, from where you live!
3. Reduce money – related stresses: Don’t let emotions, control your process! Be certain, the bones of a house, are the finest quality, so, you might minimize future unforeseen financial challenges! Address your credit, improve your personal score, and ensure, you receive your best mortgage loan terms! Can you afford, the down – payment, closing costs, monthly mortgage payments, and discipline, to consistently, pay into various reserve funds, to be financially prepared, for contingencies, including repairs, renovations, etc.