When purchasing property, the best way to ensure that you end up with the home of your dreams is to have done your homework and set realistic goals regarding what kind of home you can actually afford to buy. It seems that more and more people are overestimating the kind of home they can afford and are ending up being disappointed.
One good tip to avoid this scenario is to rethink the type of property that you are looking to a make a move to. If you want to move to a hot inner city suburb but are priced out of the market, you can either fruitlessly complain about the unfairness of it all or take a look at options such as smaller apartments or homes that may need some renovation in order to achieve your goal.
The other option is simply to have a rethink about your desired location. Regardless of how much you may love a particular area, if the sad reality seems to be that you just cannot afford to move there – especially not into the sort of property that you need or want – you may have to change your plans.
Look to move perhaps two or three suburbs out from your desired location. This method is often also the best way to choose somewhere that will actually become the next hot spot in a few years, so your short-term compromise will end up becoming a long-term gain.
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