When you were a little kid, how often did you dream of what your future home would be like? Did you image a palace, a fort in the trees, or secret passages throughout your house? Many of us still do. Some of the things you left in your parents’ more capable hands are the things you now must keep in mind when buying your family’s home. Below are a few details that will require your personal attention.
Save! Save! Save!
Everyone who is anyone knows that buying a house is not cheap. They can range anywhere from $30,000 to over a couple million dollars and more. A down payment will usually run you about 5-10 percent of the total price.
In rare cases, depending on your credit, it could be higher. It may take you years to save enough for a down payment on a home. With that said, you are going to be so glad you did it. You will walk into the deal with a great level of confidence.
You are monetarily prepared, it will cut down the gross amount that has to be financed, and you will set an amazing example for your children on how to handle their money wisely. Not to mention, the leaps and bounds you will grow in discipline and patience will benefit you for years to come.
Get To Know Your Neighbors
How many of you are just not a people person? How many of you just don’t have time to invest in getting to know people who are not already involved in your daily life? Between both questions it’s probably a correct assumption that this covers about two-thirds of you reading this. However, when you and your family make plans to move into a new area, it’s a smart idea to get to know some of your surrounding neighbors.
First, this will help you take the proverbial temperature of the environment. It allows you to determine whether or not you feel comfortable with the influences that may befall your children, helps you to figure out if there is anyone you might identify with as a friend, and see overall if your family would be a good fit into the neighborhood group.
Second, knowing who lives around you can be a great asset in an emergency. Believe it or not, it’s proven that if someone is a stranger to you they are less likely to offer help even in the event of an emergency. This could literally mean the difference between life and death for yourself or someone you love.
Talk To The Post Office
Finally, after everything’s said and done, don’t forget to take a trip to the post office and transfer your old address to your new abode. If you do, Publisher’s Clearing House will never know where to send your million dollar check.
Seriously though, you may enjoy the absence of the bills for a while, but when they finally do catch up to you, the effect on your bank account may do more than break you. Not to mention, no one wants to miss out on things like birthday cards from Grandma, wedding invites, and college acceptance letters. Don’t forget to talk to your new local post office.
In the end, buying a home can be amazingly satisfying, but demands a lot of attention to details. Make sure to tie up all the loose ends.