Home For Living And Sale: Whatâ€™s Difference?
Before buying a home, determine first what your purpose for buying it. You will buy for your family or you will function it for investment instrument. There are basic principles difference between home for living and home for sale. Home for living means that people will stay in this home with their family after buying this home and home for sale means that people will sale again this home after buying this home. Before we make wrong decision when buying a home, we must consider two important considerations here.
There are sharp different between home for sale and living. If we will buy home for living, we will buy a home that our family will feel comfortable if staying in this home. Sometime we choose location that rather far from center of city, because we look for new environment with more healthy environment, water and air. Location on the center of city can not give these requirements. There are a lot of cars, building and factories there. It will contribute on global warming and pollutions. Condition on busy city tends more heater than suburb region. So, if we look for green environment with natural atmosphere, suburb region is proper choice.
Price factor will not be sensitive factor for home living. If we have extra money and we have found the right home for our family, we will buy this home without doubt. Comfort factor is important than price factor. Itâ€™s different condition with home for sale. And for this kind of home, sometime we will not mind to spend extra money for renovating this home as long as it can increase comfort level for our family.
Different situation if will buy home for sale. We realize at first time that we will buy this home and we will sell again someday for getting profits. For this type, location is very important. Only buy a home on right location. Good location for home investing and living is different. For home living, we look for comfort, but for home investing we look for location that this location experience good price movement year by year. We can look for this data on local government. Better idea, is we can find city plan from local government. Location thatâ€™s decided for city development, guarantee will experience positive price movement. Itâ€™s good location to be chosen. So, find home in this location. We can sure, that next year our home price will increase. It means we get profits if selling next year.
Price is very sensitive factor here. Donâ€™t buy expensive home more than real value. If we do it, we will meet difficulties when we will sell again. Donâ€™t believe blindly with seller offer, do your own due diligence. Estimate the right price with the real value. Donâ€™t let them fool you. Itâ€™s better if we can meet the owner directly. Sometime, home agency increase price more than homeowner price. Asking bid for home price corresponding with your price estimation. If they refuse your bid, just leave them. We can look for another home with the right price.
Inspecting all elements inside home. Make sure we will not spend a lot of money for repairing or renovating this home. Donâ€™t buy very old home. Itâ€™s good for memorable home but very bad for investment instrument. We will take a risk in quality of construction here. Restricting buy home at least maximum 5 years old home.