01:22:00
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.
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. What is needed, from potential homeowners, as far as rates are concerned? It is possible that Bobby Jain can bring housing costs to your attention and the general rule of thumb is to not let the costs in question go beyond one-third of your household budget. Seeing as how certain factors like family and utilities can come into effect, this rule is especially prominent. Mortgage calculators were brought into discussion within the article and authorities the likes of Jain will attest to how much of an assist they can lend.
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. Keep in mind that your neighborhood is going to be integral to your home-owning endeavors. Ideally, you will want to travel around the neighborhood during certain points of the day so that you can gain a better idea of what it is that you will be in for. Perhaps you will come across a couple of details you wouldn't have noticed otherwise, like noisier neighbors during the mornings or too much traffic at night. Regardless, the neighborhood your potential house is in can make or break your choice.
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. What is needed, from potential homeowners, as far as rates are concerned? It is possible that Bobby Jain can bring housing costs to your attention and the general rule of thumb is to not let the costs in question go beyond one-third of your household budget. Seeing as how certain factors like family and utilities can come into effect, this rule is especially prominent. Mortgage calculators were brought into discussion within the article and authorities the likes of Jain will attest to how much of an assist they can lend.
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. Keep in mind that your neighborhood is going to be integral to your home-owning endeavors. Ideally, you will want to travel around the neighborhood during certain points of the day so that you can gain a better idea of what it is that you will be in for. Perhaps you will come across a couple of details you wouldn't have noticed otherwise, like noisier neighbors during the mornings or too much traffic at night. Regardless, the neighborhood your potential house is in can make or break your choice.
About the Author:
If you'd like to learn about the best ways to stay financially solvent, contact Bob Jain for further details.
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