Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,286 members, 7,957,737 topics. Date: Tuesday, 24 September 2024 at 06:38 PM |
Nairaland Forum / Nairaland / General / Properties / Five Biggest Home Buying Fears (5219 Views)
Sanwo-olu Meets Amu Traders, Allays Fears Of Government’s Takeover Of Plank Mark / Tips for determining your home-buying budget / Difference Between Home Buying In Your 20’s, 30’s And 40’s -all You Need Know (2) (3) (4)
Five Biggest Home Buying Fears by Nobody: 7:04am On Apr 14, 2017 |
Buyers’ biggest real estate fears most times hold them back from buying — not just for a season, but throughout the year. And rightfully so, as buying a home is usually the largest purchase a person ever makes. If you’re one of these people who is hesitant, take heart – there are simple steps you can take to overcome your fears and become confident that you will make a sound purchase. Here are the top five reasons you may be holding off on purchasing a home of your dream and how to overcome these hurdles. 1. Loss in Property Value. Homes can decline in value, even without a disaster. Neighbourhoods can gradually decline, newly-built homes can make older neighbourhoods look less attractive, or an unpleasant development (prison, landfill, highway, etc.) could be built nearby. A poor or average economy can also keep home values down. Even savvy home buyers can’t always predict what will happen to home prices. But you can take precautions, like buying in a low-crime area where the homes and surroundings are well-kept, chiefly owner-occupied and with high-quality schools nearby. Also, you can contact the state government to ask about future development plans in the area you want to buy. 2. Overwhelming Maintenance Costs. All homes have upkeep costs, and many homes have very large maintenance bills. If you become a homeowner, you won’t be able to avoid these costs. However, there are numerous things you can do to mitigate and prepare for them: • Buy a home that has been well-maintained. • Buy a new home (though new homes sometimes have undiscovered defects). • Buy a home that has recently had major components upgraded or replaced (e.g., new roof, new water heater, new plumbing, new electrical) • Regularly maintain your home to prevent small problems from becoming major repairs. Set aside for home maintenance and emergency fund and add to it every month. Also, to avoid buying a money pit, you should also have a home inspection before you buy. 3. Hidden house foundation damages. An intelligent buyer will always plan for routine maintenance, fixing and repairs. However, buying a house with a cracked or faulty foundation can lead one into a lifetime regret. Below are your key points to avoid the unknown: • Pay a professional to inspect before buying • Consult Verified Estate Agents and Realtors • Consult Reputable Real Estate Market Place • Take advice of the above as a golden rule There exist many online listing agencies today start by contracting the purchase to one with reputation among them(e.g www.naijapropertiesonline.com) or request for their verified agents or developers. Listing agencies have profile of developers and agents and can guide in your attempt to buy. Don’t let your fears get the best of you. Ask the right people the right questions and you will get the right answers. 4. Unable To Afford Your Mortgage Payment Many people wonder how they will afford their mortgage if they lose their job. They also might see that the mortgage payment required to afford a home in their area exceeds what they currently pay in rent. To deal with potential job loss, make sure to have a substantial emergency fund set aside. You can use this money to continue paying the mortgage if you lose your job. Also, though you may experience unpleasant collection activities, your home isn’t likely to be taken away from you the first time you miss a mortgage payment. Before you take on a mortgage, set up a budget so you know what your existing expenses are and how much money you take home every month. Also, think about new expenses that will come with home ownership, like water and waste disposal bills. 5. Fear to Lose the House One thing that should never be bought without a careful thought in this part of the world is a property. If you find your dream home, you may have to move fast. Particularly in aggressive markets, lots of properties sell before the first open house to quick acting and super-motivated buyers. If you see a new listing hit the market, be sure to let your professional real estate agent know right away. Try to make an appointment to see the home as soon as possible. Also, find out immediately how the seller’s agent plans to handle any offers received. Sometimes they will take the first offer, especially if it’s a good one. If you are travelling or busy with work, be sure not to miss out on your dream home. Be in constant contact with your agent, and flag potential homes that look like a great fit. Source: www.blog.hutbay.com/2015/12/02/5-biggest-home-buying-fears/ www.naijapropertiesonline.com 2 Likes 1 Share |
Re: Five Biggest Home Buying Fears by habex005(m): 7:12am On Apr 14, 2017 |
I have been in naira land for some years and this is my ftc and it falls on good Friday . Even though I lost some good money in a bet yesterday night. It is well. Back to the topic. The biggest fear in investing in property is loss of the house due to our government policies . The rest.... they can be managed 3 Likes |
Re: Five Biggest Home Buying Fears by monaPhilz: 7:13am On Apr 14, 2017 |
Buy the house first |
Re: Five Biggest Home Buying Fears by tainot2002(m): 7:16am On Apr 14, 2017 |
Nice tips @ OP..Thanks for the info,it really help me a lot |
Re: Five Biggest Home Buying Fears by Lordemperoris100(m): 7:18am On Apr 14, 2017 |
I DEDICATE THIS SPACE TO ALL LANDLORDS OUT THERE 1 Like |
Re: Five Biggest Home Buying Fears by money121(m): 7:19am On Apr 14, 2017 |
Ok |
Re: Five Biggest Home Buying Fears by Nobody: 7:21am On Apr 14, 2017 |
You may also read up this thread www.nairaland.com/3734900/sue-trespass-land Thank you. info@naijapropertiesonline.com www.naijapropertiesonline.com |
Re: Five Biggest Home Buying Fears by kushfc(m): 7:24am On Apr 14, 2017 |
I need a house in banana island. Op answer me, i want to join osusu. |
Re: Five Biggest Home Buying Fears by diablos: 7:25am On Apr 14, 2017 |
True story...another phobia will definitely be fear of buying an expensive fake item into your home. Anger no go allow u think straight for a couple days. |
Re: Five Biggest Home Buying Fears by BiafraIShere(m): 7:29am On Apr 14, 2017 |
Op is largely on point. Btw, Galaxy Properties has biuldings and lands for sale, lease or rent in different parts of Owerri & Imo state. Contact us today for genuine and reliable services. Check my signature for contact details. |
Re: Five Biggest Home Buying Fears by Tazdroid(m): 7:33am On Apr 14, 2017 |
Fear of losing the house to events beyond your control |
Re: Five Biggest Home Buying Fears by Tazdroid(m): 7:35am On Apr 14, 2017 |
habex005:true, no going back on that decision because the ownership of all properties ultimately rests with the government.....unless of course u know someone dat knows someone that knows the governor 1 Like 1 Share |
Re: Five Biggest Home Buying Fears by jairusben(m): 7:36am On Apr 14, 2017 |
Lordemperoris100:u don't just know d feeling of been a landlord still in ur 22.. |
Re: Five Biggest Home Buying Fears by IncredibleJoe(m): 7:58am On Apr 14, 2017 |
tainot2002: Have u bought the house already |
Re: Five Biggest Home Buying Fears by Nobody: 8:07am On Apr 14, 2017 |
Affordable and convenient.. www.nairaland.com/3655811/acre-land-ajah-4-storey Call/WhatsApp: +2348075256644 info@naijapropertiesonline.com www.naijapropertiesonline.com |
Re: Five Biggest Home Buying Fears by leksmedia: 9:27am On Apr 14, 2017 |
The fear of omonile , fake property consultants , scammers etc For your website design please visit www.leksmediaconcept.com or call 08173091370 |
Re: Five Biggest Home Buying Fears by mizchoc(f): 9:52am On Apr 14, 2017 |
How bout the fear of the house being haunted at night? |
Re: Five Biggest Home Buying Fears by benitwater(m): 1:45pm On Apr 14, 2017 |
*CHRISTAL VILLA* *Christal Villa* is Proposed to be a Sophisticated and Luxurious Land Space with a proposed Fast and Speedy Developments for those that want value for their investment. *LOCATION: Itamarun, Ibeju Lekki. 10mins Drive from Dangote Refinery* *TITLE: Registered Survey, & Excision in Progress* *ORIGINAL PRICE - #2.5M* *INTRODUCTORY PRICE: #1.5M* *SIZE: 600SQM* *STATUS: DRY* *BENEFITS* * Estate Gate and Gate House * Road connectivity * Electricity and Street Light * Off-street parking spot * High tech Security system * Visitors park and Green area * Guaranteed Security *NEIGHBORHOOD:* * La Campagne Beach Resort - Private Resort * Dangote Refinery * Lekki Free Trade Zone * Golf Course * Several Private Beach Resorts For more information and enquiries, Contact/WhatsApp:08036341980. |
Re: Five Biggest Home Buying Fears by Nobody: 7:22am On Apr 15, 2017 |
AFFORDABLE LANDS FOR SALE AROUND AJAH Oakwood Gardens: Lakowe, Ajah. Description: 675sqm = #13.5M // 900sqm = #18M Title: Governor's Consent Oakwood Gardens phase 2 Description: 600sqm = #5.4M Title: C of O Destiny Gardens phase 1: Ibeju Lekki Description: 600sqm = #5M Title: Government's Excision Destiny Gardens phase 2: Ibeju Lekki Description: 600sqm = #4M Title: Government's Excission Legacy Gardens phase 1: Eleranigbe Description: 600sqm = #3M Title: Government's Excission Legacy Gardens phase 2: Eleranigbe Description: 600sqm = #3M Title: Government's Excission Oakwood Gardens phase 3: Ibeju Lekki Description: 600sqm = #5M Title: Government's Excision Paradise Gardens: FTZ Ibeju Lekki Description: 600sqm = #3.5M Title: Government's Excission Open Heavens phase 2: Eleranigbe Description: 600sqm = #1.7M Diamond Estate phase 1: Off Monastery road, Sangotedo, Ajah Description: 600sqm = #7.7M Title: Government's Excision Trinity Gardens phase 2: Eleranigbe Description: 600sqm = #1.4M Atlantic Bay Estate: Behind May Fair Gardens, Awoyaya. Description: 600sqm = #4.5M Title: Government's Excission Call/WhatsApp: +2348075256644 info@naijapropertiesonline.com www.naijapropertiesonline.com |
Re: Five Biggest Home Buying Fears by money121(m): 7:30am On Apr 15, 2017 |
Contractor: *Ayyub* Client: Nairalander Material: *Aluminum (0.45mm thick)* Style: *Longspan (Mentral)* Colour:Biegi *Roof:* 233.9m @ N1680/mtr = *N392,952* *Flat Sheet:* 32.7m @ N1680 = *N52,936* *Cladding:* 16.8m @ N1680 = *N28,224* *Accessories:* = *N25,000* Bending =#5,000 Transportation =#12,000 Workmanship =#25,000 *Total* = *N541,112* Location: The house is at Sango Ifo Ogun State.. Call/WhatsApp 08085310359 For your next Roofing Project
|
Re: Five Biggest Home Buying Fears by Nobody: 8:40am On Apr 15, 2017 |
Who wrote this COPY and PASTE ? Writer copied from a foreign site and MOD just uploaded a write up that is 70% not peculiar with our environment.. |
Re: Five Biggest Home Buying Fears by Nobody: 7:09am On Apr 17, 2017 |
For more of your verified property consultations.. Contact Call/WhatsApp: +2348075256644 info@naijapropertiesonline.com or visit www.naijapropertiesonline.com |
Re: Five Biggest Home Buying Fears by Nobody: 6:59am On Apr 19, 2017 |
VERIFIABLE AND AFFORDABLE LAND SALES AROUND AJAH (1) A plot and half of dry land facing road Location: owode lamgbasa road ajah Lagos Title: gazette and register deed Price: #25m (2) A plot and half with 2 bedroom flat and 3 shops on it facing road Location: owode lamgbasa road ajah Lagos Title: village excision and register deed Price: #23m (3) A plot at Ajah, both sides are fenced on dry land, inside a big estate Price: #10M (4) Acres of land in Oku, Ajah Price: #5M Per plot (5) Acres of land in Elerangbe Price: #1 .5M per plot (6) Parcels of land in Sangotedo Price: #7M per plot (7) Acres of land in Eti osa ibeju Price: #7M per plot ( 2 plots of land at Oworonsoki, Bariga, facing the main road. Suitable for banks and other office set ups. Price: #300m (9) Acres of land at Ayeteju Price: #2.5M per plot (10) One plot of land at Ajah (dry land), fenced both sides Documents: SURVEY, C OF O. Price: #10M (11) Building with four (4) flats apartment at Iyana Ipaja Price: #46M (12) Building with four (4) flats at Agege Price: #45M (13) Building with four (4) flats at Alagbado Price: #18M NOTE: PRICES ARE NEGOTIABLE. Call/WhatsApp: +2348075256644 info@naijapropertiesonline.com www.naijapropertiesonline.com |
Re: Five Biggest Home Buying Fears by Nobody: 6:44am On Apr 20, 2017 |
Re: Five Biggest Home Buying Fears by Nobody: 6:56am On Apr 22, 2017 |
PropertiesNaija: Call now.. |
Re: Five Biggest Home Buying Fears by money121(m): 7:15am On Apr 22, 2017 |
Material: *Aluminum (0.45mm thick)* Client: Nairalander Style: *Steptiles* Colour: North brown and biegi *Roof:* 317.2m @ N1800/sqm = *N570,960 *Flashing:* 58.05m @ N1700 = *N98,685 *Cladding:* 64.14m @ N1700 = * N109,038 *Accessories:* = *N30,000* *Workmanship:* = *N65,000* Bending =#5,000 Transportation=#27,000 *Total* = *N905,685* Location: Moniya in Ibadan Oyo State Call/WhatsApp 080-85-310-359 For Your Next Roofing Project
|
(1) (Reply)
Check The Pixs Of 4flat Of 2 Bedroom In Lagos N10m / 3D Decorative Wall Panels / Swimming Pool Construction
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39 |