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Tips on buying house email this discussion to a friend?

jhenny_ice0021 (22)   ranked 448 out of 712 in buy a house5 months ago

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.

 
 
buy a house
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tags:  tips, suggestions, first time home owner, mortgage
 
1. iiigod (1)   5 months ago

economic is dangerous.

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2. myLot reputation of 97/100. jesssp (1265)   ranked 140 out of 712 in buy a house   5 months ago

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!

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3. myLot reputation of 96/100. cher913 (13901)   ranked 108 out of 712 in buy a house   5 months ago

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!

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4. fglswh (57)   4 months ago

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.

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5. myLot reputation of 81/100. wangjihong350 (857)   ranked 172 out of 712 in buy a house   4 months ago

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.

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