Add on to nihility & Calvin's good advice:
If this is your first home, planning to use it as own stay, and you're on the young side (age 20 - 35), don't be too ambitious and buy an expensive "dream" home on first try, unless you're already financially independent and can comfortably retire early if you want to.
As we age and as family grows (whether with kids or potentially need to take care of parents), priorities and lifestyle may change.
It's more wise in the long run to get a property with good value and neighborhood, that won't depreciate in price and quality.
Even if own stay, approach it with some investing mindset and buy something that ideally would appreciate in value (good location and neighborhood), so that in case you wish to buy a second home, you can sell or rent out your first home without losing financially.
Need advice on my first home
Apr 14 2022, 07:42 PM
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