BuyingAHome-JenniferChristenot

will your life be in the next five years? What will your life look
like in the next five years? Will there be any additions to your
family or people leaving the nest? All of these are things you
need to consider because you need to know what you’re going
to need out of your home not just this year, but one, two, or
several years from now. Even if you’re buying a rental property
you’re going to have to consider how easily the home will be to
rent to a number of different people with different needs over
the next few years.
Answering these questions could also determine the type of
home loan you end up getting for the home, which is another
reason why it’s important to ask yourself this before the homebuying
process has even begun.
26.) Am I moving in the next five years?
Many people can get lured into the idea of buying a home
when interest rates are low, and the market is active, especially
if they are financially ready to buy a home. But while these
conditions might be completely favorable for some, it’s not a
worthwhile investment if you’re going to be moving within a
few years of moving into the house.
The very process of buying and selling real estate is costly
because of all the administration fees and costs associated
with it, so if you don’t stay in the home you could end up
paying those fees several times over the course of just a few
years. It’s cheaper to just rent for the time-being and then
think again about buying once in your new city or state.
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FAQ’S ABOUT BUYING A HOME | JENNIFER CHRISTENOT