House purchase involves a lot of planning and you need to start preparing well ahead of time. Our aim here will be to provide you an insight into various aspects you need to look into. We will also go through some of the important factors you must take into consideration while searching for a home.

House Purchase and Importance of Planning Ahead of Time

Start Saving Early: It is better to start saving early to have required funds for the down payment otherwise you may fall short of the required amount. ทาวน์เฮ้าส์มือสอง In such situation you will have no option but to opt for a home loan which is more than 80% of home's value. Thus it is necessary to start saving a few years ahead of the house purchase.

Emergency Funds: It is common for sundry expenditures to surface while you are moving into your new property. As for example, you will have to pay for utility fees, refreshments for people assisting you in the move and several other similar things which can make a large dent in your savings.

Thus you will have to create an emergency fund few months before the actual move so that you can pay for these miscellaneous expenses.

Evaluate the Property Carefully: You need to thoroughly go through the property during the house inspection along with your home inspector. It is also necessary to have a checklist of things you want to go through at the time of home inspection.

It would be important to spend more time in the house and check all the appliances to make sure everything is working as required. Like for example, there could be some problem with the water heater where it starts to percolate after running for about 15 minutes.

Thus during the property inspection you will have to let the heater run for 15-20 minutes to see if there is any problem or not. In case you rush then you will only come to know about the problem when you start using it on daily basis. If traced at the time of home inspection you may well ask the seller to fix it.

Ask Someone Else to Look at the House: It will be worth asking your friends to have a look at the property along with you since they may notice something which you are not able to spot. A friend who has recently purchased a property will be a great choice since he would know about the caveats to look out for.

Shop for a Home Loan: Apart from banks you can also approach credit unions for your home loan. Credit unions may well provide you the loan for lesser rate. Let us say you get half a point less from credit union as compared to what banks are offering.

In such situation you would be saving about 23k on a loan of 200k over a period of thirty years. Thus over time it will provide you considerable saving.

As a final note we will say that house purchase is not something you think of today and finalize tomorrow. You need to start planning at least a couple of years ahead and cover all aspects to get the house you want.

Create Date : 18 กันยายน 2562
Last Update : 18 กันยายน 2562 0:50:39 น.		0 comments
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