Buying a house is an acquisition that can give you the possibility of investing your money safely. However, the vast majority of people who want to buy a house embark on an adventure without first taking into account the diversity of factors that can help or harm them with this purchase. If at this point in your life you are considering buying a house, but you don’t know all that this implies, this article is what you were looking for. Take your time and read these ten key points to consider before buying a home.
It would help if you had your finances in order.
The order of personal finances is something fundamental in people’s lives. But it is decisive when thinking about a new house or apartment. Before even starting to choose what type of home you would like to have, you must make sure that you do not have any other debt. So check your statement and check that you have paid cards and that there is no other debt that is going to consume the resources you would use to pay your house. Paying off debt while you also have to pay a real estate loan is a considerable economic burden that can hurt your finances when buying a home. Ensure that you find the best home loan beforehand.
Identify your needs
Before starting a search to buy a home like the one you want, make a list of your needs.
Do you need a lot of space? How many rooms would you like your house to have? Do you want one floor or two? Try to think about your needs in the medium and long term, since buying a home or apartment implies that you look to the future. It is likely that for now, you do not need much space but thinking ahead; you may require a place in which to park a car.
Or it is possible that later on, you will see the opportunity to open a micro-business in your home, which would make the need for a larger property indispensable. So take a notebook and start writing down the requirements that the house you want to buy must satisfy.
Consider the help of a specialist.
If you do not have the time to dedicate to the search for a house or if you want to make this work more efficient, you can always go to a real estate agent. Real estate agents are people who are dedicated to the sale of real estate and given their profession; they already have tools to develop this work. Why should you approach one? Because with the pace of life today, it is very difficult for you to have a lot of time to start exploring options. Although you will always have the opportunity to stop receiving their advice, you can take into account their suggestions for the property that suits you best.
Analyze your ability to generate long-term income
Before thinking about acquiring your loan, you should also consider how you are going to pay it since this responsibility implies that you already have financial and professional stability.
It is often common for most people to overlook this aspect but think that the acquisition of a house or apartment is to improve your quality of life. And it would not benefit if you manage to obtain financing that for some situation you cannot pay. Consider your current situation, so that buying a house or apartment means an improvement to your quality of life and not the opposite.
Make a list of properties and refine it.
If you have already started studying properties, ensure that you are writing them all down on a list. It does not matter if it is a huge list, as the next step will be to debug it and refine it. For this reason, you must write down the positive and negative characteristics of each property, which will give you the possibility of making a better filter of the properties. Consider that the list you have left can be filtered again. In this way, you can refine your search for properties. And in this way, instead of going to visit 20 house or apartment options, you can choose only the best 10 to discover. This will save time and money in the long run. You know what your needs are, so be sure to honor that.
So do not miss the opportunity to explore this option so that you can give a foundation to your dreams of a brand new house or apartment.
We have not had a financial post lately soooooo….
The strangeness has of 2020 has had many people take a hard look at their finances, in order to increase their sense of financial security and freedom. If you’re looking at your finances and money management skills with new eyes, here are some top tips to help you better look after your money and be more secure for years to come.
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- Plan ahead. It’s never too early to start thinking about the money you might need in the future. It’s a good idea to begin saving for your retirement as soon as you are able to, as the earlier you start, the more you will have to live on in later life. If the company you work for has a 401k scheme, join in and start saving. Remember that your retirement savings will need to cover living expenses, medical care, and the cost of home care, even if you are able to use CDPAP.
- Budget. Learning to budget is a key skill if you want to be good with money. How you budget is up to you, but you need to track all your income and outgoings. Record these using an app, a notebook, or whatever you like. With everything accounted for, you can clearly see where you could save money, and can set limits on yourself. For example, you may be shocked by what you spend on coffee every month and can find a cheaper alternative to save money.
- Pay down your debt. If you have any debts, make it a priority to pay those down as soon as you can. The longer you stay in debt, the more you end up owing, thanks to interest. Debt can easily snowball and cause you a lot of financial difficulties later on. Look at all your debts and see which has the highest interest rate. Focus on that one first. When that’s paid off completely, move to the next highest interest rate. Keep up with payments on all debts to avoid late fees and damage to your credit score.
- Look for cheaper options. After you’ve listed all your outgoings, you can look at switching the expenses you can’t avoid to cheaper options. Could you save money on your bills by changing suppliers for your electricity, for example? Changing from your current provider to one that’s more cost-effective can make a big impact on your monthly electricity expenses. Providers have also become more competitive with their prices in addition to more companies entering the market. Some who specialize in sustainable electricity even offer special rates for green energy. Also, check out sites that compare electricity providers with each other in terms of rates, reviews, and service. They sometimes offer discounts that you wouldn’t find on the companies’ websites themselves. Could you reduce your food bill by shopping at a different supermarket, buying cheaper brands, or meal planning? You can potentially make big savings by making changes like this. You can use money comparison sites to find cheaper options.
- Start saving. If possible, it’s a good idea to have three to six months of living expenses in a savings account. If you have this, if you lose your job or are unable to work because of illness, you have a buffer to keep you going for a few months. A lot of people think they can’t afford to save, but after you’ve overhauled your budget, you should be able to find at least a small amount to put away each month.
Moving home can be an emotionally charged time that you will experience at least once throughout your lifetime. It can come with a host of exciting possibilities, as well as being one of the more stressful moments in your life.
There is much to get organized from buying and selling property, organizing and packing, and somehow finding a way to get your belongings into your new home.
Here are some things to consider to take the stress out of moving house.
Pack It Up and Clear it Out
Moving home also means having to clear out a lot of the junk that accumulates over a certain amount of time of living in one place.
Moving somewhere smaller? Measure up your new home to check your large furniture has a place to live, too. If not? Sell it and use the profits to add finishing touches to your new place.
This can be a great opportunity to clear out the things that no longer serve a purpose in your life- while it’s nice to hold onto some memories, your job now is to look toward the future.
When clearing your stuff, create four piles: keep, sell, donate, dispose. The keep pile is for the stuff you use every day. If the item still has life in it and it could be worth some money- sell it. If someone else can make use of it- donate it. If it has seen better days and is completely unusable- time to let that thing go.
Research Shipping Companies
Now you’ve chosen the city and the place, it’s time to think about how you’re going to get there.
Whether you choose to arrange the process yourself, or use the services of professional companies like Shiply, you’ll want to make sure that your possessions get to their destination unscathed.
Some companies will also provide boxes and packing materials as part of their service, but it’s best to ask around for extras- you can never have too many boxes!
There are plenty of extra things to do when moving to a new place— do your research and plan well!
Let Loved Ones Know Where you’ll be going
In amongst the stress of planning to move, it can be easy to forget the basics- letting your friends and family know that you’re moving, and more importantly, to where.
For bigger moves to a different part of the country, you might want to host one final get-together so that those you’re leaving behind get an opportunity to say goodbye.
It might be tempting to break the news on social media, but for your nearest and dearest, reach out to them first before extending it out to your wider network.
Ensure people that your new home is open to them once you get settled in- why not even plan a painting party to get some help with the decorations?
Moving home doesn’t have to be stressful. Plan well and execute carefully.
I love all the clothes from Rungolee. I first discovered this stylish company at a friend’s trunk show years ago. I was drawn to the beautiful patterns and the flowy comfortable fit of their blouses. Throughout the years I have purchased a few. All the pieces are created by designer, ANJALI KAMRA. She travels the world for inspiration for her unique clothing line. I was so happy when I received the photos from the Fall line. The colors are so pretty and I noticed a bunch of new silhouettes. I love the Wine On Cloud 9 and the Forest Night Sky prints. They also just added a selection of really pretty masks to the Rungolee assortment. Check out the Website for the entire collection.
Managing your mental health can be tricky at any time but the on-going COVID-19 outbreak is making things a little bit tougher. As well as facing the physical health risks that COVID-19 presents, many people are reporting that the pandemic has triggered or exacerbated mental health issues too.
Fortunately, there are ways you can minimize stress. To protect your mental health throughout this pandemic, take a look at these top tips now:
Understand the risk
There has been near-constant news coverage since the outbreak began but there has been lots of contradicting information surrounding COVID-19. Find an information source you trust and use it to learn more about the risks of the virus. By understanding how to reduce the risk of transmission, you can take positive steps to protect yourself and your family.
Limit your access to news
If you watch every news bulletin and follow trending topics on the internet, it can seem like we’re constantly surrounded by bad news. Of course, it’s not surprising that this can have a detrimental impact on your mental health. By stepping away and limiting your access to news, you can still stay up to date with what’s important, without letting it consume you.
Contribute to your community
Helping others, in any way you can, has a beneficial effect on your own life too. As Community Health Committee Chair for the Kaiser Foundation Health Plan and Hospitals Boards of Directors, Cynthia Telles, maintains, helping others benefits communities as a whole. By taking the time to support other people during this difficult time, you can enhance your own mental well-being.
Reframe your expectations
This year has been significantly different than any other, so try not to panic if you’re feeling overwhelmed or off-kilter. With many kids still attending school virtually and thousands of people still working from home, your entire life may have been thrown off balance due to COVID-19. Instead of comparing your current routine to your ‘normal life’, try to let go of your old expectations. When the way we live changes, our prior expectations are no longer applicable. By reassessing your expectations, you can minimize disappointment, worry, and stress.
Seek help when you need to
Many people have experienced mental health worries during the COVID-19 pandemic but there are plenty of ways to access help. As well as talking to friends and family members about your concerns, you can also schedule virtual appointments with therapists and counselors. Alternatively, reaching out to charitable organizations and community groups could be a great way to access any practical support you need at this time.
Prioritizing Your Mental Health
When your mental health is suffering, it impacts every area of your life. By putting your mental well-being first, you can enhance your physical health and your life as a whole. What’s more – you can enhance the lives of people around you too. If you want to improve your family life, increase your concentration at work, or simply change your outlook, focusing on your mental health can be the best place to start.
Oh My…things are rough..between the Debates and Covid, things coming out of Washington are getting even worse (just when you thought it really couldn’t). I decided to bring us back in time to the White House. Back to what life was like Upstairs At The White House, when J.B. West was the Chief Usher. His career spanned over 3 decades
In this New York Times bestseller, the White House chief usher for nearly three decades offers a behind-the-scenes look at America’s first families.
J. B. West, chief usher of the White House, directed the operations and maintenance of 1600 Pennsylvania Avenue—and coordinated its daily life—at the request of the president and his family. He directed state functions; planned parties, weddings and funerals, gardens and playgrounds, and extensive renovations; and, with a large staff, supervised every activity in the presidential home. For twenty-eight years, first as assistant to the chief usher, then as chief usher, he witnessed national crises and triumphs, and interacted daily with six consecutive presidents and first ladies, as well as their parents, children and grandchildren, and houseguests—including friends, relatives, and heads of state.
J. B. West, whom Jackie Kennedy called “one of the most extraordinary men I have ever met,” provides an absorbing, one-of-a-kind history of life among the first ladies. Alive with anecdotes ranging from Eleanor Roosevelt’s fascinating political strategies to Jackie Kennedy’s tragic loss and the personal struggles of Pat Nixon, Upstairs at the White House is a rich account of a slice of American history that usually remains behind closed doors.
Such as great thing to read during an election year, especially when tensions are so high. For more information or to order this book,. click HERE.