a home is beginning of an exciting adventure and for most buyers it is
biggest financial investment of their lives. Yet a great number of
people follow emotional impulses to the exclusion of sound thinking
when they make an offer on a property they want to buy. Very often they
regret their lack of good sense. Don't fall into that trap, instead set
a game plan for yourself and follow it. Treat finding a home as you
would any serious business endeavor and avoid the avoidable.
choosing a right property to buy starts with needs and desires and finishes with a
portion of your earnings used for paying for it, it's
to ensure that the property you choose both meets your needs and is a good
"fit" with your financial situation.
Our goal is to assist you in
finding the information you need to make an informed decision before making any big commitment. This
page will help bring into balance some of the many factors to consider
when deciding how best to meet your needs through home ownership.
a home is not a quick process, there is time, energy and patience that
is required to buy a property. Compare your housing needs with your housing wants and keep in
mind that buying a home always involves compromises; the perfect home
does not exist. It is good to know what compromises your family can
accept before you start house hunting.
Important Steps to Take:
- Prepare Yourself - Before you begin taking steps toward making your purchase, looking for a
property, a mortgage lender, etc., take some time and prepare yourself. Take
note of the principal elements to consider so that you will be
confident and well prepared as you go through this stage of your life.
- Review Your General Financial State - Use Net
as basic method of determining your general financial situation. Use Monthly
Expense Estimate to find out impacts on the maximum
- Determine What You Can Afford - Use Calculators to find out how much you can afford to pay. Calculators provided on this site are helpful tools meant
only as a help to provide general guideline for the user and should
be relied upon in connection with any particular transaction or
- Know Your Housing Needs & Wants - Make sure that home you plan to buy is going to fulfil most of your housing needs. Good home should also satisfy many of your housing wants. Your new home should be afordable, well located, have good resale potential and should be structuraly sound.