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6 Things Nobody Tells You About Buying A House (3)

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The gold standard in buying a house is 20 percent down ― that is, you pay 20 percent of the purchase price upfront. Now that we have our preapproval in hand, we’ve been looking at houses trying to find the perfect one for us. We’ve been through a few houses, and while each one has a story and a nickname, we haven’t been able to find that one house that screams us. The house did not have a fridge when we moved in. I can see that as being a hindrance to a potential buyer.Buying a HouseBuying a House

Buyers should concentrate on whether buying is affordable and the right decision in the long-term, rather than panic over house prices or cave …

Tips About House Buying (3)

The challenge of buying a home for the first time can seem so daunting that it’s tempting to either just go with the first house that falls in your price range or continue to rent. A potential tenant who needs a 2 bedroom home might be tempted to pay a little bit more for a 3-bedroom home, but a tenant who absolutely needs 3 or more bedrooms will not rent a 2-bedroom house. Asking when the house was built allows you to calculate the depreciation cost of the property without including the land, of course, because land titles always increase in price. If you buy the house down the street you are going to paint it at the least to match your taste.

The house has a lot of charm and is just down the street from Pandora’s Box , but it needs probably about as much work as Pandora’s …