Buying your first home Assignment Example | Topics and Well Written Essays - 2000 words

Buying your first home - Assignment ExampleBuying your very first home may be intense solely worthwhile. Though you may consider it an investment, you may decide, however, if it would be a lifestyle investment or a financial investment. Whatever it is, homeownership is a worthwhile venture.First cartridge clip home buyers need to consider many things before finally buying. These things are embodied in a handbook Guide to First Time kinsperson Purchases. A comprehensive guide consisting of step-by step instructions and recommendations, you cannot help but take note and appreciate its contents. For instance, you will find reminders such as backing your goals in order to have a focus on your single project - your home controlling your debts so that in that location will be no problem during the payments of monthly amortization working your money so you have to withdraw your savings from a low- intimacy bank and deposit in a graduate(prenominal) interest yielding bank for fast growt h checking your credit rating for a good credit history doing your homework by comparing interest rates of lending companies, if you opt to make a home give and last but not the least, getting your entitlements which means that in some countries, there are bonuses for first time home buyer through a loan. These features make the Guide to First Time Home Purchases worthwhile.The competence statement, Can understand the broader setting of first time home purchases is a moving statement that inspires first time home buyers to carry out the project. ... Goal setting means pointing for something. When you aim for something, it includes affordability. Affordability does not only refer to budget colligate conditions, it could also be related to strength. If you are healthy and strong, you can afford to work continuously and pull ahead income. For budget conditions, affordability can work for you keep in mind that any existing or current debt will reduce the amount that you can loan fo r your home (Money Magazine, 2006). To carry the project, ask yourself if you can afford to spend that much and if not, you should be willing to live in a house which is cheaper and within your individual(prenominal) budget. II.RESEARCH METHODOLOGIESFor this research work, the researcher used the descriptive method to gather data about the present conditions and to interpret these data through contrast, comparison, and relationships. A questionnaire which is knowing by the researcher was utilized as an instrument to collect some data relevant to the research. Informal interviews with home buyers during the distribution and retrieval of the questionnaires were conducted. Printed books and internet articles related to the study were also read. III.RESEARCH FINDINGSRelated literature and studies for this particular study were reviewed. The review provided necessary information in formulating the method and procedure used in undertaking the research.A.Literature ReviewSheller (2008) c ommented that in buying a house the buyer must know that housing rates may remain unfaltering for a year, goes up next year, and higher next year it never go down. It is different from stocks whose prices are not fixed - it could be high