Since, for most people, the value of their house, represents their single – biggest, financial asset, wouldn’t it make sense, to carefully, proceed, when you decide the time is right, for you to buy, and own, a home of your own? The major component of the so – called, American Dream, few people proceed, in as wise a way, as possible, when pursuing this priority. Indeed, when done properly, home buying depends on the professionally, designed, and recommended, ARTS, of doing so. In order to avoid seeing your desired dream, become an undesirable, nightmare, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and requires, and why it’s wise to learn and use.
1. Analyze; appraise; asset: Don’t proceed in an haphazard manner, but, pay keen attention, and fully analyze, all the positives and negatives! Know your personal needs, goals, and priorities, carefully be introspective and objective, about these, and fully appraise all aspects, of what’s involved, with purchasing this specific property. Protect this most valued, and valuable asset, and proceed, wisely!
2. Region: What factors about the specific region, area, neighborhood, etc, might have an effect on the value of a certain piece of real estate? What do you need, from the place you live, in terms of conveniences, safety, shopping, transportation, education, etc? Do these add, or reduce value, to the property?
3. Taxes: How are the real estate taxes, in your proposed area, compared to other comparative ones? Have you factored in, what that might mean, in terms of your monthly carrying costs/ charges, and expenses? What impact does the 2017 legislation, which limited State And Local Taxes, to $10,000, have on the value, in terms of offset of these costs, on your federal income tax?
4. Systems; solutions: Have a professional home inspector, and/ or, engineer, carefully examine your major systems and components, thoroughly, and comprehensively! You don’t want to buy a Money Pit, and if, you end up, with a major, unanticipated repair, this may become your unfortunate state! Instead of simply, looking and examining, what you foresee, as a problem, it makes sense to consider, obstacles, as challenges, and emphasize, discovering the key solutions, which will make your living experience, a happier one!
Buying, and enjoying, a home, means, knowing, and effectively, using both the sciences, and the ARTS of this process! Are you willing to reduce the stress, many others experience, and enjoy?