Buying a home? 7 mistakes to avoid when buying a home is explained in detail.
When buying a home, avoid these 7 common mistakes:
- Skipping financial preparation
- Choosing the wrong neighborhood
- Failing to set a clear monthly budget
- Forgetting to check renovation history and HOA rules
- Waiting too long to call a mortgage lender or real estate agent
- Using the first mortgage lender you find
- Not knowing what you want in a home.
A buy Vs rent calculator is explained as well to help with buying decision.
https://youtu.be/td1LmsXg0YI?si=4VdT7EjSkaGeVq1u
00:00 Intro
00:26 Is renting throwing away money?
04:16 Is your primary residential home an investment?
05:18 Home expenses less than 30% of the take home income
05:51 At least 20% downpayment
06:19 Peer/Family pressure
06:51 Buying a home for short term
07:13 Buying a home to save on taxes
08:01 Buy Vs Rent Calculator
Buy Vs Rent Calculator (Copy to your account to use it – File – Make a Copy):
https://docs.google.com/spreadsheets/…
Instructions to copy the file:
If you are using mobile, click the three dots in the top right corner, then export & Share and then make a copy. That will copy the file to your account so that you can edit. If you are in a desktop computer, go to File – Make a Copy to copy the file.
Web Version: https://vijaymohans.com/buying-home/