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Considering Your Long Term Goals When Looking for New Housing

Most people realize that when they’re looking for new housing, there are certain factors that they need to consider, such as the size of the home and its location.  If they have a family, they probably want to make sure that the home is located near a good school, playgrounds and other facilities for children.  If they’re working, they need to make sure that their new home is not too far from work.  Plus, safety is also important; you need to check out the crime stats in an area before buying a home there.  However, many people fail to consider their long-term goals when looking for new housing.  Here are a few things you should ask yourself about your future before you buy a home:

  1. Where do I plan to be career-wise in the next 5-10 years? Buying a home is a lengthy and involved process, so it makes sense to live in that home for at least 5-10 years before you trade it in for something else.  This is why it’s important to consider where you plan to be, career-wise in the next 5-10 years.  Do you plan to stay at the same company?  If you think that you might switch jobs, is your new job likely to be far from your new home?  Are you considering working from home?  This will mean that you’ll need at least one extra room that you can make into a home office.  Sit down and think about where you plan to be career-wise in the future before you buy a home.
  2. Is my family likely to grow smaller or bigger in the next 5-10 years? In the unlikely event that you and your spouse haven’t really sat down to talk about having children, this might be a good time to do so.  If your family is likely to grow, you’ll need more space.  However, if your kids are about to go off to college, you’ll need less space.  You might think that it’s not a bad idea to have more space but keep in mind that the bigger your home, the more maintenance you’ll have to do.  So these are a few things to consider when buying a new home.
  3. Do I plan to make any lifestyle changes in the next 5-10 years? Maybe you’re tired of urban living and plan to start your own farm in the countryside.  Or maybe you’ve decided to start a charity or pursue social work.  Maybe you’re even thinking about going back to school.  Before you buy a new home, you might want to sit down and crystallize these future plans and buy a place that fits in with your vision for yourself.  Your new home should be a place where you can fulfill all your dreams.

Contact us for more tips on buying a new home.