As a primary need, a house is very important to have. For this reason, buying a house cannot be arbitrary, because there are many things that must be considered carefully. You have to pay attention to several things, in order to get the dream house you want. Then, what are the tips for buying a house that you must know?
Note 5 Important Points Tips When You Want to Buy a House
The following are important tips that must be before you buy a house.
1. Adjust to Family Needs
The first home buying tips you should pay attention to is the needs of each family member. Of course, before buying a house you must have a plan regarding, how many rooms are needed? Do you need a car garage? Do you need a backyard? And also other needs.
If you have already taken steps regarding the number of rooms, the facilities offered, and have also had family discussions, you can continue to choose a decent residential house and according to the wishes of a large family. Of course, you have to pay attention to how much budget is in your pocket too.
2. Adjust the Budget or Finances Owned
The next home buying tip that is no less important for you to pay attention to is the budget you have. Don’t be easily persuaded by the offer of a dream house that has complete and comfortable facilities, but is set at a high price and doesn’t fit in your pocket. The reason is, this will actually bother you later on.
For that, make sure you look at the prices of residential homes offered according to the budget you have. If you pay a larger down payment, then the amount of installments in the future will be smaller. The opposite is also true. For that, make sure you really take into account your budget and net income every month.
3. Owned Credit Score
Before buying a family home, you should also pay attention to your credit score. This credit score alone will determine how well you meet the requirements to apply for a mortgage. Not only that, this credit score will also determine what interest rate you have to pay.
Not only that, the lender will also determine the amount of debt to income ratio you currently have by looking at your credit score. For that, you can only apply for credit with a debt-to-income ratio of 30%.
4. Direct Survey of the House to be Purchased
The next home buying tip is to make sure you have directly surveyed the house to be purchased. Don’t just rely on a broker and just believe what the seller says.
Also make sure that the house you are going to buy is located in a strategic place, near highways, malls, hospitals, and places of worship. You also have to find out what the market price of land is in the surrounding area, before immediately trusting the seller and handing over the down payment.
5. Make sure you have prepared funds for DP
After you have done all the points above, the next step you can take is to prepare a down payment or down payment. As discussed in the previous point, the larger the down payment you pay in advance, the smaller the next month’s installments will be.
This will be inversely proportional if the DP you pay is a little. So it could be, the installments per month increase a lot, or the payment period is extended. You can adjust this according to your monthly expenses and net income.
Those are five home buying tips that you must understand. Don’t just be provoked by the words of the seller or broker, you also have to prove it directly about the dream house that you will occupy. That way, the condition of the house to be purchased can really be adjusted to your needs and preferences.