If we take out the factor of money as an object, where would your accommodation choice be? Would you like to live in a garden available private villa or a penthouse that offers facilities like a swimming pool or a clubhouse? Even for a second, you had a view of a beautiful home of your dreams and how you have pictured it is with all the facilities known to man. Almost every day we are looking at advertisements about sure coastal real estate housing or glamour shots of lush gardens with beautiful scenery, all of these tempts a person to desire a home that might be a little bit out of their budget.
Every person has a different definition of their dream real estate housing. Some prefer the high skyscrapers of the concrete jungle while some relax in suburban houses. Every person has their view about the shelter that they will call home and feel comfortable. However, in the midst of all this decision making most of the real state house buyers make the mistake of stretching beyond their limit of finance and end up with more than they bargained for.
Since money is, the most important object to be kept in focus, hence there should be a proper allocation of your available resources. It must be taken in the notice that whether you need a bigger bedroom or a garden by the side. If these are not the necessities that are required, then you will end up in making a massive dent in your finance that will be beyond comprehension. Also, there will be a surprise if you will succumb to the advertisements and end up deciding according to them.
Dream or money squeezing techniques?
The aspirations of the view of potential real estate house buyers over the recent years have changed drastically. Especially for millennial, real estate house owning has become a means of an expression of self. Today the aspirations of young people in regards to homeownership have been manipulated due to the easy access to credit cards and a spoilt choice for demands. Rising income levels and newer housing financing companies have boosted the requirements for these real estate housing.
Getting the value back
While being on the investment or purchasing side, get rid of any speculation that the real estate home bought will be sold later on in the same full asset value. The problem is that real estate is not very big on liquidity and the current real estate market news is more than enough to prove the point. So it is rightly said that what seems aspiring for one may not be much attractive to the other.
Should I hire a Real Estate agent?
There are many reasons due to which it will be a great idea to hire the services of a real estate agent to purchase a house. Some of the chief advantages can be
- Education and expertise of the agent
- Agents act as buffers between the buyer and the builder agents
- Real estate agents have a lot of knowledge about the neighborhoods and the people around
- They will guide you through the prices properly
- Real estate agents have a keen understanding of the information about market conditions
- Their professional social network is strong
- Real estate agents keep the confidentiality of the buyers and builder agents both in privacy
- Agent have a keen negotiation skill
- They handle the paperwork
- They are available after closing and build relations for future business