Buying your first home - Assignment Example

Only on StudentShare

Extract of sample
Buying your first home

Buying your very first home may be intense but worthwhile. Though you may consider it an investment, you may decide, however, if it would be a lifestyle investment or a financial investment. Whatever it is, homeownership is a worthwhile venture.First time home buyers need to consider many things before finally buying. These things are embodied in a handbook: Guide to First Time Home Purchases. A comprehensive guide consisting of step-by step instructions and recommendations, you cannot help but take note and appreciate its contents. For instance, you will find reminders such as setting your goals in order to have a focus on your single project - your home; controlling your debts so that there will be no problem during the payments of monthly amortization; working your money so you have to withdraw your savings from a low-interest bank and deposit in a high interest yielding bank for fast growth; checking your credit rating for a good credit history; doing your homework by comparing interest rates of lending companies, if you opt to make a home loan; and last but not the least, getting your entitlements which means that in some countries, there are bonuses for first time home buyer through a loan. These features make the 'Guide to First Time Home Purchases' worthwhile.The competence statement, "Can understand the broader context of first time home purchases" is a moving statement that inspires first time home buyers to carry out the project. ...
Download paper

Summary

Buying your very first home may be intense but worthwhile. Though you may consider it an investment, you may decide, however, if it would be a lifestyle investment or a financial investment. Whatever it is, homeownership is a worthwhile venture.

Author : treutelgilbert

Related Essays

Car Buying Assignment
Present Value Annuity of 5% for 10 years =12.578(use a financial table for PVA, Tapiero, 2010) = ($180 12.578 (PVA 5%, 10 years) = $2,264.04 SOLUTION 4 Amount saved=$ 3,800 Time =5 years Rate=7% Present value annuity of 7% for 5 years=2.624(use a financial table for PVA, Tapiero, 2010) = ($3800 x 2.624(PVA 7%, 5yrs) =$9,971.2 SOLUTION 5 Cash cost=$60 Credit cost = ($60+ ($34for 24) =$876-$695= $181 Home Buying Assignment Grading Rubric Table Comparing Data for the Two Homes Particulars For each home in terms of: 1942 San Ysidro Drive Beverly hills’, CA 18737 Gledhill Street Northridge, CA...
5 pages (1255 words) Research Paper
Home buying process and its financial impacts
Buying a house can be the largest amount invested or spent upon any asset by the individual and so a careful investigation is necessary about the pros and cons of a home buying process 1. What are some common opportunity costs associated with the selection of housing? While selecting a house which an individual wants to buy he/she takes into consideration the apartment or the house first and then the individual also takes a look at the residential area in which he plans to dwell. However selecting the option of housing means that the individual has to bear some underlying costs or in some...
3 pages (753 words) Essay
Marketing Strategies of Home Bargains
Along with the changing business world, customers change as well, becoming more demanding and knowledgeable than before. In turn, company management had shifted their focus on their clients or customers so as to stay successfully in business. This transition meant that organizations have to completely reformulate their conventional business aims and purposes from being process-focused to customer-centered. Hence, in order to bring out exceptional customer services within the company operations, the management should employ fine-tuned organizational restructuring. Moreover, employing proactive...
10 pages (2510 words) Essay
Home Depot and Lowes
They were initially set up as a local hardware store but it turned out to be a nationwide chain of home improvement stores. They serve to all the needs for complete home improvements like products from bathrooms to the storage rooms and paints to safes. Lowes store has approximately 216, 000 employees all over its stores....
9 pages (2259 words) Case Study
Leasing and Buying
This incident Mr. Walton couldn't forget till his grave. It also pictures the dilemma in everybody's mind when it comes to taking a place on rent. So, why would anybody rent...
6 pages (1506 words) Essay
Online Buying Behavior
For them buying online is a great option. Before we move on to the actual context we should know what is buying online...
10 pages (2510 words) Research Paper
Car Buying Assignment
Therefore, the two zip codes are logically used so as to enable the person interested in buying a home be able to determine the right location of the home with regards to accessibility of various services. In addition, an individual should also consider the shipping factor especially if most times they will be receiving goods through shipment, then a convenient and a strategic location would be a better choice....
5 pages (1255 words) Research Paper
Got a tricky question? Receive an answer from students like you! Try us!