QUIZ: ARE YOU READY TO BUY A HOME?
Posted on Oct 1, 2015 at 09:32 AM
1. Have you discussed your decision with your significant other or your family?
(a) Yes, they are all on-board and we are all excited about the new home.
(b) I have run past the idea but we haven’t had the time to discuss it as yet.
(c) Not yet. It’s just something that I have been thinking to myself about.
2. Are you financially ready to buy a new home?
(a) Definitely. I have been saving up for this place for year and will be able to make a purchase once I find the perfect home.
(b) I guess I can take a loan but I still have to go through my finances and credit options.
(c) I have no idea how much a new home might cost me.
3. How much do you know about the real estate market?
(a) I have thoroughly researched on all my options and have come up with a plan ahead.
(b) I have looked up a little bit on the internet and everything seems favourable.
(c) I don’t know much about real estate.
4. What kind of a home are you thinking of buying?
(a) A home in a good locality which has great re-sale value that I can maintain easily.
(b) A nice place to live within my budget.
(c) One with a huge staircase running inside, open kitchen or a Jacuzzi maybe?
5. Are your financially prepared for the added expenses that come with being a home owner?
(a) I have set aside a chunk of money especially for repair and maintenance and taxes.
(b) I guess I can cover the costs of unforeseen damages.
(c) What added expenses?
6. What are the factors that you are taking into consideration while looking for a house?
(a) Location, proximity to schools, resale value, neighbourhood
(b) Locality, proximity to great places, a cosy house
(c) A pool would be nice
7. How sure are you that you want to be a home owner?
(a) I am fully prepared to buy my own place and can’t wait to buy one.
(b) I am kind of sure but still have a lot of options to consider.
(c) I am not sure at all.
You have taken into factor all the aspects of buying a house and are all ready to take up the responsibilities of owning a home of your own. Good for you! But make sure that practicality aside, you find a dream home that will make waking up a pleasure every morning.
Buying a home seems to be just a thought for you as of now. A little more research and talking to a few people about what all entails into buying a home might be a huge help to you in making this decision. Don’t rush, take your time. After all, it is a very important decision that you are making.
You still have some ground to cover before considering a home purchase. Buying a home is a very serious decision which takes quite a bit of looking around. Start small and in time you will buy a dream home which you will not regret! Unless your second name is Gates or something of that sort.