Anyone can afford to be choosy when it comes to picking a new home. Whatever your relatives or even the real estate agent says, you should never think that your budget is too low to allow you to get a perfect home for yourself. Of course, you need to be realistic and not hope to get a landed property with a boutique swimming pool in the garden if your budget is only helping you get an apartment, but you might actually get an apartment with a swimming pool as part of its facilities.
When you start looking for your perfect home, make a list of the things which you must have in the house as the most basic criteria so that you will not miss out on some of the most important things you must have in the house to make your truly satisfied with the purchase. Your list will be different from the list which your colleague or best friend make, because it is your own desires, your individual demands.
You may start by deciding whether you want your home to be within the city centre or in the satellite towns nearby. What lifestyle are you looking for? It depends very much on whether you are a city dweller, or you would prefer a more relaxed lifestyle after work hours. The satellite towns or suburbs are generally cheaper than if you were to pick a home in the city centre, but it will probably mean more commute time for you to and from work. It may also mean that you are probably a little further away from restaurants, schools and shopping malls. However, staying in the city centre is probably a little noisy especially during weekends, and it can have higher crime rates too.
Very often, your budget is a huge consideration. It is all about how much downpayment you can afford, and how much loan you can get from the bank. Get yourself pre-qualified by speaking to the banker, see how much the bank is able to provide you based on your income. This will help you maximize on how much money you can spend on buying property for sale.
With the budget ready in mind, you can then start to shortlist the homes based on the pricing and the location which you already had in mind. Very often, homes on the roads in front of busy, noisy streets may actually be cheaper although it may also resell at a lower price too. If your bedroom is going to be facing the streets, you might also get lesser quality sleep.
Stay tuned for Finding the Perfect Home: Part 2