Buying a home is definitely on the priority list for young, newly married couples. But of course you know that buying a house, especially for the first time, is not an easy matter. You need to often discuss with your partner, also collect a lot of information and look for various home buying tips before deciding to buy the desired house. Do not let because of a lack of planning, calculation, and information, the building that should be a dream home, turns out to be an uncomfortable place to live.
Here are some home buying tips that you need to pay attention to:
Buying a house is a long term affair. In this first home buying tip, Fox Business advises you to carefully calculate how much and how much it will cost in total for the new home. The calculation includes a down payment, the amount of installments per month, taxes, long-term interest, insurance, and other utilities, starting from the installation of infrastructure, round-trip costs, or the costs of necessary repairs.
Don’t be tempted by the advertisement for cheap monthly installments, but it turns out that there are additional costs that have not been calculated and once they are added up the numbers become extraordinary. Calculate by imagining that you and your family will occupy the house for years, then adjust it to your household budget. Try to limit it to no more than 30 percent of your income or your combined income.