Buying Home? Think Like a Grown-Up
Bangalore: Are you a first time home buyer? If yes then you need to think carefully before investing your hard earned cash. Home buying is not only an investment but it deals with the emotional factors as well. Homeownership is not an easy task, so, only when you are both motivated and confident enough to make a decision, go for it.
Buying a house?
Buying a house and shifting to a rental house or apartment are two different propositions. You need to think like a matured person when it comes to home buying because it involves huge investments. Suppose, if you find out that the locality you moved in is not much of your likings then you have all freedom to move out, only you have to serve the lease agreement time period. But, if you experience the same thing after buying a house then you have to deal with home sale and purchase process for a second time, which may be time consuming and tedious. However, most financial experts might suggest that you have to live in your house at least from two to six years to take care of the initial closing costs and other expenses that will add up when you buy a home, reports Investopedia.com (as listed by Yahoo).