Buying a home in order to build equity is one of the main financial reasons prospective buyers jump into the market. It’s mostly about FREEDOM: The ability to paint the walls whatever color you want, or know that a landlord is not going to raise your rent or ask you to leave.
Buying a house is probably the most serious investment you’ll ever make. Whether you’re a first-time home buyer or are moving from one home to another, you’re likely to be entering into a long-term commitment with complex financial responsibilities.
Beyond the financial considerations, buyers also need to consider the appropriateness of the house for their specific needs. Being happy in the home that you choose makes the investment more worthwhile.
There’s a lot more to finding and buying the house of your dreams than finding what you like and making an offer. Community, for instance, can play a major role in creating comfort for growing families. The quality of the local schools, the proximity of parks and recreational facilities, how busy the local sports leagues are, and other considerations come into play. As well, there are issues around properly understanding the value of the house itself – whether it is priced fairly and/or likely to increase or decrease in value over time.
I like to work with my clients to ensure that they feel completely comfortable with the real estate deal we arrive at. I see it not only as an investment of their capital, but also as an investment in their future happiness.