10 Tips on Buying a Home for Young Families - hapidzfadli.id
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Senin, 28 Oktober 2019

10 Tips on Buying a Home for Young Families

Buying a house is definitely on the priority list of young, newly married couples. But of course you know when it comes to buying a house, especially for the first time, it's not an easy matter. You need to frequently discuss with your partner, also gather a lot of information and look for various tips on buying a home before deciding to buy the desired home. Do not let because of lack of planning, calculations, and information, the building that should be a dream home, instead becomes an uncomfortable residence.

Here are some home buying tips you need to pay attention to:

Calculate Thoroughly

The matter of buying a house is a long-term affair. In these first home buying tips, Fox Business recommends that you carefully calculate the total costs and costs that will be incurred for the new home. This includes advances, monthly installments, taxes, long-term interest, insurance, and other utilities, starting with infrastructure installation, round-trip fees, or the cost of repairs needed.



Do not let you be tempted to advertise cheap installments per month, but it turns out there are additional costs that have not been counted and once the sum is incredible. Calculate by imagining you and your family will occupy the house in years, then adjust the household budget. Try to limit it to no more than 30 percent of your income or the combined income of you and your partner.

Research and Compare Loan Sources

If you choose to buy a house with a mortgage or mortgage system, do not be tired to research and compare mortgage offers provided by several banks. Still from Fox Business, try to calculate your loan interest offer carefully. Especially about the scheme chosen, whether to use fixed interest rates, fluctuations, and others. Do not hesitate to also ask about the loan facilities that can be provided by the bank to you.

For tips on buying a home on this one, you can choose DBS Home Loan, which offers home purchase loans between 1 to 20 years. Why DBS Home Loan? Not only is the process fast and easy, but you will also get competitive interest rates. You can even get a loan, starting from IDR 500 million, through DBS Treasures.

Ensure a Good Credit Record

You must pay close attention to these tips for buying a third home, so you can easily get a loan or credit. Why? Because the mortgage process and loan disbursement can be complicated if you have a history of bad debt repayment before. Especially for those of you who have had problems with credit cards or credit without collateral before. You have to make sure you have settled the debt problem or don't have a high debt burden before applying for a home loan. Because fund providers will always see and calculate your debt ratio. If it is too high, then the possibility of loan approval to buy a house will be lower.

Read the Contract Carefully

For the tips on buying a house on this one, you must be very careful in reading various kinds of contracts or correspondence and documents. Both the contract provided by the borrower of funds or your home seller agent. If there are terms that you don't understand, ask until they are clear. Meanwhile, if you want to change it, use your right to negotiate. If the agent or bank still has a problem explaining, many experts recommend that you change the bank or agent. Because there are still many who want to establish transactions more openly with you.

Ensure a Good Credit Record

You must pay close attention to these tips for buying a third home, so you can easily get a loan or credit. Why? Because the mortgage process and loan disbursement can be complicated if you have a history of bad debt repayment before. Especially for those of you who have had problems with credit cards or credit without collateral before. You have to make sure you have settled the debt problem or don't have a high debt burden before applying for a home loan. Because fund providers will always see and calculate your debt ratio. If it is too high, then the possibility of loan approval to buy a house will be lower.

Read the Contract Carefully

Survey and Study the Home Environment

Keep in mind that the house you will occupy later is to raise your children and family. Make sure you have surveyed the location and know for sure the prospective environment and your neighbors later. Adjust to the lifestyle you dream of with your family later.

Don't Forget Home Devices

Set aside a portion of the costs to buy devices and contents of the house. Tips on buying a house this one does look simple, but no less important. At least you prepare around Rp100 million to fill the house or it can be lower if you prioritize certain items, such as beds, bathrooms, and kitchens. Do not until after owning a house but can not fill it.

Separate Expenditures Budget

Tips on buying a house from financial planner Prince Financial Advisory, Lauren Prince is to separate and categorize expenses as a partner. Categories are divided into three groups namely; survival, liveable, and comfortable. That way you and your partner will not be tempted to spend unnecessarily and can still repay the house.



Don't Wait Market

The movement of the property market is uncertain. Never wait for the market to fall or interest rates to fall. If the value of the house is suitable and within your count, don't hesitate to buy. According to HGTV, if you wait too long for uncertain economic conditions, you may lose the opportunity to have the best home.

Big Does Not Mean Better

Choosing a house is basically adjusting. So do not fix on the large size. Look at your environment carefully, if the big house is the only one there, the possibility of resale at a high price is very small.

Avoid Emotions When Choosing

Tips on buying a home last, but no less important is always to remember that you are choosing a house, not dating it. So do not be lured into emotional things like a nice backyard, attractive paint, and other things that are personal. After all the house is one form of long-term investment, its value is determined from the location, structure, and other things that can make the value of the house go up.

Well, those are 10 tips for buying a home for those of you who have just started building a household and are looking for shelter. As we know, of course there is always a way to realize the dream of having a dream home and DBS Bank answers these needs through DBS Home Loan.

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