Deciding to purchase a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully and with all the proper help.
What’s the Motivation to Buy?
Have you been paying rent long enough? Have you decided to pay your own mortgage and not your landlord’s? Have you and your family outgrown your current home or are you needing to downsize? Are you looking for an investment portfolio? Are you looking for a rental property? Would you like a larger yard? Would you rather live in a different area? Do you want to shorten your commute? Having a clear sense of your reasons for buying will help you choose the right property.
Has Your Income Changed?
Property ownership done right can be an excellent investment; whether you are looking for your dream home, a rental property, or to expand your investment portfolio.