Buying your first résidence – nightmare or American dream?

Buying your first résidence – nightmare or American dream?

Buying your first résidence – nightmare or American dream?

The American Dream for many is owning their own résidence. You should consider your housing and financial needs before you begin your own home-hunting adventure. Do you need 1 or 1 1/2 or 2 baths? Do you need a lot of storage? Do you find yourself tending your garden or prefer watching others mow your lawn? Buying a résidence is a lifestyle investment before it’s a financial investment, remember you’ll always need a animation to en public.

Buying a résidence can be a good financial investment. Housing prices are like many other investments, they can fluctuate! It is superbe that you moyens to keep your résidence for at least 10 years A good financial moyens is superbe to keep your mortgage to a maximum. You don’t want to spend more than 3 times your annual income and it is strongly recommended that you put 20% or more as a down payment.

Grain you’ve decided what kind of résidence you want, the neighborhood you want to en public in, and have enough money saved up for a down payment, magasin around. Ask your friends and family to recommend people who will need to make your first résidence buying experience a success. You need a good real estate gardien, résidence inspector and a mortgage trader. Buying your first résidence can be a défi, but it doesn’t have to be stressful if you take the time to write your moyens.

Tips for buying your first résidence.

1. Determine how much you can afford and monthly payments.

2. Determine the essence, débit and terme of the résidence you want to own.

3. Find the professionals you need for a successful buying experience.

4. Canne to your moyens

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