Top 3 Things to Consider Before Buying a House
When you are looking to buy a house for yourself and your family, you can consider the houses for sale. It’s obvious that you will have your priorities. The buying process for a house is so complex that you can often get confused and get off track. The decisions that you need to take while buying a house is often very time consuming as you have to fulfill and meet the demands of all the family members while looking into your budget too.
For setting up the priorities and the decisions obtained after the approval of all the members in your family, you need to make a list of things that will help you see all the criteria without forgetting a single one of them. And while taking the help of the realtor you need to communicate all your priorities and budget so you can cancel out those houses which are beyond your budget or does not meet the needs and your priorities. You can also ask your realtor to show you the magazines and brochures of the houses for sale, for further and additional clues as to which of the homes will be the most suitable one for your family.
3 major points that should be kept in mind before buying the perfect house for your family:
Finding the perfect location
Everyone wants their house to be in such a location so that all the basic amenities food market, grocery stores, schools for your kids, hospitals, medicine stores, bus stops and railway stations or even airports are not far away. If you are an older couple and want to spend the rest of your life, far away from the hustle and bustle of the regular city life then you can choose a place accordingly. Consider seeing the references you can from the houses for sale for having a better idea.
The size of the house and the plot
This is a huge decision. If you are a newly married couple or an older couple, you might go for a 3 room house. If you have kids, then you might need an even bigger house with 3-4 bedrooms along with a kitchen, a dining room, and toilets. If you have more budgets in hand, then you can also go for plots that have a lawn or a garden at the front so that the children can play or where you can sit and have your morning tea. Get all the references on a catalog that has the houses for sale to get a better idea of the space, size, and number of rooms for your house.
Financing your house
When you are going for buying your own house, the big considerations you have to make is your budget. While there are many options for financing houses for sale, you will also have to look into how much you can afford in the long run.
Most people prefer to buy their dream house by taking a loan from a bank or any other financial institution, but the amount has to be re-played too. For this, you need to consider various factors like how much EMIs you want to pay every month for your house loan. This would mainly depend on your salary. You can increase the tenure of the loan to reduce the amount of the EMIs, but this means that you will be pay for a longer tenure and eventually end up paying more interest. According to experts, considering that you do not have any other types of loans does not have an EMI that is over 30% of your monthly salary.