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.
The report detailed that 28 percent of homeowners who were younger than 65 regretted purchasing their homes. This point is especially interesting when compared to 14% of homeowners that are seniors. It is important to note that those who are younger are, more often than not, at higher risk of making risky financial decisions. Does this necessarily mean that they have to come about? For those who are looking to purchase homes of their own, here are 3 ways to ensure that you have as few regrets as possible.
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. Look for a reputable real estate agent. I stress the "reputable" part because it seems like there are many who simply do not lead people in the right direction as far as shopping for houses is concerned. The best agents, from my perspective, are those who not only listen to the needs of clients but are able to offer a number of choices that suit their needs as well as their budgets. Make it a point to research online if you are concerned about which agents are best.
3. How exactly is the neighborhood that your apparent ideal home is situated within? If you want to know as much as possible, in this regard, take a few moments out of every day in order to travel throughout the area. You are going to want to go during daytime, afternoon, and nighttime so that you can pick up on any noise or traffic that might be viewed as distracting. When it comes to the variables associated with home-owning, this one is usually overlooked the most.
The report detailed that 28 percent of homeowners who were younger than 65 regretted purchasing their homes. This point is especially interesting when compared to 14% of homeowners that are seniors. It is important to note that those who are younger are, more often than not, at higher risk of making risky financial decisions. Does this necessarily mean that they have to come about? For those who are looking to purchase homes of their own, here are 3 ways to ensure that you have as few regrets as possible.
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. Look for a reputable real estate agent. I stress the "reputable" part because it seems like there are many who simply do not lead people in the right direction as far as shopping for houses is concerned. The best agents, from my perspective, are those who not only listen to the needs of clients but are able to offer a number of choices that suit their needs as well as their budgets. Make it a point to research online if you are concerned about which agents are best.
3. How exactly is the neighborhood that your apparent ideal home is situated within? If you want to know as much as possible, in this regard, take a few moments out of every day in order to travel throughout the area. You are going to want to go during daytime, afternoon, and nighttime so that you can pick up on any noise or traffic that might be viewed as distracting. When it comes to the variables associated with home-owning, this one is usually overlooked the most.
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If you'd like to learn about the greatest ways to stay financially solvent, consult Bob Jain for further details.
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