In most of our searches, to fulfill our part of the so-called American Dream, the process of looking for a home, becomes primarily an emotional adventure, rather than a realistic and relevant one, to better address our true needs. and requirements! Just as it makes little sense to buy a car simply to impress others and get rich in cars, it makes little sense to buy a house solely to show off and/or impress. others! This is what I refer to as being home rich, because doing so creates unnecessary stress, tension, and anxiety, which, in the long run, diminishes the chances of truly enjoying a home. With that in mind, this article will attempt to consider, examine, review, and discuss the conflicts between finding the ideal home and getting rich in a house.
1. Your ideal house: What makes a particular house your ideal home? Does it make you happy, because you are proud to live there? Does it meet your present and foreseeable future needs? Is it in a convenient area to meet your daily needs? How important is the quality of the public school system? Before you started looking for a home, did you carefully consider your personal comfort zone, in terms of the costs of living there, including: mortgage, principal, interest, and property taxes; expenses and compensation for public services; maintenance, repairs, renovations, conservation, improvements, etc.? Are you looking for a place to live, based on relevant and realistic priorities, or do you expect, impress the jones? Only when, and if, we get checked out, from the neck up, and realistically look at what we need, makes us happy, and can comfortably afford, will the home actually, ever, be truly ideal!
two. Rich at home: What good is it if we are simply rich at home, but we are not happy? Certainly, for most, your home is your biggest financial asset, but if you can’t afford your mortgage payments or enjoy your lifestyle, because the home takes up too much of your personal budget. , how can that make any sense?
Before buying any home, proceed pragmatically and idealistically and balance your wants/wants with your true needs and determine which balance makes the most sense to you! Take the time, before you begin, so you can maximize your future enjoyment of the home!