According to a report on Yahoo Finance, one out of every four individuals who have purchased homes in the past actually regretted those particular purchases. It's a pretty eye-opening statistic but I cannot say that it is entirely shocking, either. Finance is one of the most complicated endeavors out there, which can be helped with assistance from Bobby Jain, amongst other reputable authorities. Did you know that the article also mentioned that younger homeowners are likelier to have this sense of buyer's remorse as opposed to adults?
It was mentioned in the report that 28% of homeowners, under the age of 65, regretted buying their houses as opposed to the 14% of senior homeowners. It's easy to see why, as those who buy their homes at younger ages run the risk of making poor financial choices in the long term. However, this does not mean that home-owning has to be a tremendously difficult endeavor, especially when it comes to finances. Here is a list of 3 tips so that people can make home-owning a more effective, as well as economical, process.
1. Understand the rates that you will be able to afford in the long term. Bobby Jain may tell you that housing costs should not exceed one-third out of your entire household budget. After all, it is likely that you will have other responsibilities to attend to, including family, electricity, and food. The article made mention of mortgage calculators, which can be used in order to give you a better idea of what you need in this regard. Financial authorities like Jain will be able to agree.
2. Make sure that you have a real estate agent that you can depend on. This is especially important to note since not everyone will be able to attain the optimal guidance as far as home-owning is concerned. If you want to know what the best agents entail, these individuals are ones who will listen to what clients need and go on to choose the options that best suit the interests of the clients in question. If you take it upon yourself to conduct research, your chances of being helped will only increase.
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.
It was mentioned in the report that 28% of homeowners, under the age of 65, regretted buying their houses as opposed to the 14% of senior homeowners. It's easy to see why, as those who buy their homes at younger ages run the risk of making poor financial choices in the long term. However, this does not mean that home-owning has to be a tremendously difficult endeavor, especially when it comes to finances. Here is a list of 3 tips so that people can make home-owning a more effective, as well as economical, process.
1. Understand the rates that you will be able to afford in the long term. Bobby Jain may tell you that housing costs should not exceed one-third out of your entire household budget. After all, it is likely that you will have other responsibilities to attend to, including family, electricity, and food. The article made mention of mortgage calculators, which can be used in order to give you a better idea of what you need in this regard. Financial authorities like Jain will be able to agree.
2. Make sure that you have a real estate agent that you can depend on. This is especially important to note since not everyone will be able to attain the optimal guidance as far as home-owning is concerned. If you want to know what the best agents entail, these individuals are ones who will listen to what clients need and go on to choose the options that best suit the interests of the clients in question. If you take it upon yourself to conduct research, your chances of being helped will only increase.
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.
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If you'd like to learn about the best ways to stay financially solvent, contact Bob Jain for more details.
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