Yahoo Finance posted an article that, simply put, one out of every four individuals who own homes would not buy them again if the chance ever rose to the surface again. To say that this is a surprising statistic would be an understatement but when given the details, it’s surprisingly logical. After all, not everyone has a firm grasp on the idea of finance and assistance may be required, whether from reputable names like Bobby Jain or what have you. The article said that younger homeowners are more at risk in this regard.
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. 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. The best real estate agent will be able to help you in the long run. When it comes to these types of agents, though, their effectiveness may vary and you may not know what you are in for unless you research the matter. Ideally, a real estate agent will put your needs first as he or she searches for housing options that are able to suit all of your needs. In order to attain the best results, look on the Internet for agents in your area.
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.
If you’d like to learn about the best ways to stay financially solvent, contact Bob Jain for further details.. Also published at Bobby Jain & 3 Ways Homeowners Can Have Fewer Regrets.