Dorota Dyman and Associates Real Estate: Tips on de-stressing process of home purchase
We must also not forget about the stress involved in moving to a new location. After all, one is leaving familiar surroundings and neighbours behind for good. Simultaneously, it often becomes necessary to get acclimatised to a new area where everyone is a stranger.
We must also not forget about the stress involved in moving to a new location. After all, one is leaving familiar surroundings and neighbours behind for good. Simultaneously, it often becomes necessary to get acclimatised to a new area where everyone is a stranger.
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<str<strong>on</strong>g>Dorota</str<strong>on</strong>g> <str<strong>on</strong>g>Dyman</str<strong>on</strong>g> <str<strong>on</strong>g>and</str<strong>on</strong>g> <str<strong>on</strong>g>Associates</str<strong>on</strong>g> <str<strong>on</strong>g>Real</str<strong>on</strong>g> <str<strong>on</strong>g>Estate</str<strong>on</strong>g>: <str<strong>on</strong>g>Tips</str<strong>on</strong>g><br />
<strong>on</strong> <strong>de</strong>-<strong>stressing</strong> <strong>process</strong> <strong>of</strong> <strong>home</strong> <strong>purchase</strong><br />
We must also not forget about the stress involved in moving to a new locati<strong>on</strong>. After all, <strong>on</strong>e is<br />
leaving familiar surroundings <str<strong>on</strong>g>and</str<strong>on</strong>g> neighbours behind for good. Simultaneously, it <strong>of</strong>ten<br />
becomes necessary to get acclimatised to a new area where every<strong>on</strong>e is a stranger.<br />
What are some <strong>of</strong> the most difficult <str<strong>on</strong>g>and</str<strong>on</strong>g> emoti<strong>on</strong>ally stressful experiences in any pers<strong>on</strong>'s<br />
life? We can easily list the top four:<br />
The <strong>de</strong>ath <strong>of</strong> a loved <strong>on</strong>e<br />
Breakdown <strong>of</strong> a marriage<br />
Change <strong>of</strong> jobs<br />
Buying a <strong>home</strong><br />
Does the last point really bel<strong>on</strong>g in this list? Actually, it does. Any<strong>on</strong>e who has ever been<br />
through the <strong>process</strong> <strong>of</strong> buying a <strong>home</strong> will agree that there is a lot <strong>of</strong> insecurity involved in<br />
such an operati<strong>on</strong>. People ask themselves a lot <strong>of</strong> questi<strong>on</strong>s when buying a house:<br />
"Are we doing the right thing?"<br />
"Is this the right time?"<br />
"Is this the right area/neighborhood/flat? I liked the previous <strong>on</strong>e better."<br />
We must also not forget about the stress involved in moving to a new locati<strong>on</strong>. After all, <strong>on</strong>e<br />
is leaving familiar surroundings <str<strong>on</strong>g>and</str<strong>on</strong>g> neighbours behind for good. Simultaneously, it <strong>of</strong>ten<br />
becomes necessary to get acclimatized to a new area where every<strong>on</strong>e is a stranger. Finally,
the expenses involved in buying a <strong>home</strong> are easily the biggest financial resp<strong>on</strong>sibility any <strong>of</strong><br />
us will ever shoul<strong>de</strong>r.<br />
As a matter <strong>of</strong> fact, it is not just the <strong>process</strong> <strong>of</strong> buying a new <strong>home</strong> that can be stressful.<br />
Even leaving the old self-owned <strong>home</strong> behind can take an emoti<strong>on</strong>al toll. The questi<strong>on</strong>s we<br />
tend to ask ourselves are:<br />
"Will the new owners take care <strong>of</strong> this <strong>home</strong> which we lived in <str<strong>on</strong>g>and</str<strong>on</strong>g> cherished for so l<strong>on</strong>g?"<br />
"Will the old neighbours react well to them, <str<strong>on</strong>g>and</str<strong>on</strong>g> will they be good l<strong>on</strong>g-term neighbours?"<br />
Of course, these last-menti<strong>on</strong>ed factors are not <strong>on</strong>es over which we have any c<strong>on</strong>trol, but<br />
this does not reduce the <strong>de</strong>pressi<strong>on</strong> or worry. If anything, our helplessness increases them.<br />
What we do have c<strong>on</strong>trol over is preparing ourselves for our new <strong>home</strong>. When the time<br />
finally comes to sell your old <strong>home</strong> <str<strong>on</strong>g>and</str<strong>on</strong>g> buy a new <strong>on</strong>e, you obviously have to face the<br />
situati<strong>on</strong> squarely <str<strong>on</strong>g>and</str<strong>on</strong>g> proceed. But the experience <strong>of</strong> buying a <strong>home</strong> need not be as<br />
stressful as it <strong>of</strong>ten is.<br />
Planning the <strong>process</strong> carefully gives you a psychological edge, removing a lot <strong>of</strong> the<br />
strangeness <str<strong>on</strong>g>and</str<strong>on</strong>g> frustrati<strong>on</strong>. Such planning makes sense in two other significant respects:<br />
Since buying a <strong>home</strong> will probably be the most expensive <strong>purchase</strong> you will ever make,<br />
being financially prepared for all the costs involved reduces the chances <strong>of</strong> unforeseen<br />
shocks.<br />
It is not something most people do <strong>of</strong>ten, so there are invariably stages at which we are<br />
caught short-footed for lack <strong>of</strong> proper planning. The <strong>process</strong> <strong>of</strong> finding <str<strong>on</strong>g>and</str<strong>on</strong>g> ultimately<br />
purchasing a new <strong>home</strong> should be based <strong>on</strong> planning <str<strong>on</strong>g>and</str<strong>on</strong>g> patience. It is alright to buy<br />
clothes, toys <str<strong>on</strong>g>and</str<strong>on</strong>g> other inexpensive things <strong>on</strong> impulse - but buying a <strong>home</strong> <strong>on</strong> impulse<br />
invariably spells disaster.<br />
C<strong>on</strong>ducting a carefully organized market survey can result in c<strong>on</strong>si<strong>de</strong>rable savings, both in<br />
matters <strong>of</strong> finance <str<strong>on</strong>g>and</str<strong>on</strong>g> heartache. You can c<strong>on</strong>tact a real estate agent, place your<br />
requirements <str<strong>on</strong>g>and</str<strong>on</strong>g> budget before him, <str<strong>on</strong>g>and</str<strong>on</strong>g> allow him to c<strong>on</strong>duct the search. You can (<str<strong>on</strong>g>and</str<strong>on</strong>g><br />
should) actively assist him in this, but be open to all opti<strong>on</strong>s that come your way <str<strong>on</strong>g>and</str<strong>on</strong>g> do not<br />
make impulsive <strong>de</strong>cisi<strong>on</strong>s. New <strong>home</strong>s should be bought with the head <str<strong>on</strong>g>and</str<strong>on</strong>g> not the heart.<br />
Another aspect <strong>of</strong> effective <strong>home</strong> buying is c<strong>on</strong>si<strong>de</strong>ring all the expenses involved - not just<br />
the price <strong>of</strong> the new resi<strong>de</strong>nce. There will be a lot <strong>of</strong> extra costs to c<strong>on</strong>si<strong>de</strong>r - downpayment,<br />
stamp duty <str<strong>on</strong>g>and</str<strong>on</strong>g> registrati<strong>on</strong> charges, brokerage, electricity meter charges, legal<br />
costs, packing <str<strong>on</strong>g>and</str<strong>on</strong>g> moving, housing loan EMIs (if you have taken a housing loan), etc.<br />
Preparing for all expenses gives you a clearer i<strong>de</strong>a <strong>of</strong> what you are doing, what you can<br />
genuinely afford, <str<strong>on</strong>g>and</str<strong>on</strong>g> in which areas you may have to restrict spending m<strong>on</strong>ey for a while<br />
after the <strong>home</strong> is bought. All things c<strong>on</strong>si<strong>de</strong>red, proper planning will put you more in<br />
c<strong>on</strong>trol <strong>of</strong> the situati<strong>on</strong>, making the stress <strong>of</strong> <strong>home</strong> buying easier to h<str<strong>on</strong>g>and</str<strong>on</strong>g>le.<br />
The above article is repost from M<strong>on</strong>eyc<strong>on</strong>trol