Buying a home...
Am I going to be living in this home? If so, then I do not believe it is a financial investment. If I am living in it, then it is an investment in my piece of mind/mental well-being. That being the case, then there are certain things that I am looking for from MY house. I want X, Y, and Z. Someone else's wants will certainly be different than mine and that is fine because I am planning on living here. Some of the considerations that I believe are important are:
- Size of the house and lay-out. I believe a house should have 4 bedrooms for my needs. I am sure many people can get away with fewer, and there are certainly those who need more.
- The yard is also important. I want one. It does not have to be huge, but bigger is better to a point. My current lot has about 6300 square feet, I would prefer something about twice that size. Anything more than a acre seems like a lot of yardwork to me (one acre is about 40,000 square feet).
- Location, Location, Location...That is the real estate agents mantra. I believe that location is very important. In reality, I would consider this to be of the utmost importance in selecting a home too. You need to feel safe and your school/work/shopping habits all need to be met easily. This is your home, you should enjoy living there.
There are other items that I take into consideration, but I cannot think of them now, but this is a good start on my list. Anyway, the point behind buying a home is to by something that you can enjoy and that your family can enjoy. It is not a house that you are buying, it is a home. It is part of your daily life.
If you stay in your home for a long enough period of time, then it will most-likely prove to be a very wise financial decision as well. The finanical piece of this puzzle is not a good reason to buy a home though, that part of the puzzle is reserved for buying a house.