Tips on buying house

Philippines
August 26, 2009 8:56am CST
We are planning to buy house this year. but afraid to buy one due to some reason. Can anybody help me in choosing the right house? considering the economic crisis today.
1 person likes this
6 responses
@besthope44 (12123)
• India
12 Jun 10
Well i wished for a dream home. And i got it recently. I got little amount for it and rest through loan. I am happy i got my dream home near my farm. Investing on home is life long asset for us and kids.
• China
26 Sep 09
This matter, still have to consider their own. This is, however big things, and if buying the wrong, then big loss. So, you must examine well your local conditions. Consulting some relevant experts. More than friends and relatives to discuss.
@cher913 (25782)
• Canada
26 Aug 09
know how much money you have to spend and how much money you can afford for a down payment plus the monthly mortgage payment. don't overspend or you will regret it. once you have picked out a possible house, make sure to get a house inspector. these are so worth the money because they will find all the problems with the house before you buy it!
@jesssp (2712)
• Canada
26 Aug 09
Be realistic, that's the #1 tip. If the bank says you qualify for a rather large mortgage don't take that as license to stretch yourself too thin. Look at the payments (not just mortgage either but consider property taxes and utilities as well) and consider what would happen if your situation changes dramatically - have to switch jobs, go down to one income etc. Would you still be comfortable with those payments? Other things to think about are what you really want vs. what you really need. Do you really want a huge lawn and big garden but don't have the time or desire to keep it up? If so then look at places with smaller low maintenance yards. Is the house a real fixer upper but you aren't able to do the repairs yourself? If so they consider the cost of having to hire someone. Stuff like that. All in all some big things to look at are foundation, roof, plumbing, windows and doors and the furnace. Paint colors and things like that aren't important at all but anything that is going to cost you big bucks down the road is. Oh, and if it has a basement make sure it doesn't leak. And one more thing, you can phone (or should be able to) the utility companies and they will tell you what the bills would be so you know before you make your decision. Good luck, it's a very exciting thing!
@iiigod (1)
• China
26 Aug 09
economic is dangerous.
@fglswh (66)
• China
24 Sep 09
house is important for everyone of every country. i have no house neither. if you want to buy one, you'd better consider the economic and your ability well, after all buy house is a kind of investment.