First Time Buyers: Planning Ahead
Please, if you haven’t already bought the biggest bed room suite because you moved out of your parents house, don’t do it. You would not believe how many times a client and I have found a great house in their BUDGET, but their furniture is too BIG. There is an old saying, “don’t put the cart before the horse.”
When my wife and I wandered into a furniture store, which is not to often, the first thing we discussed was “what can we really afford?” Just because you can get credit does not mean that using it would be the best thing for your budget. If you use your credit card, you should also consider if you can pay it off before you have to replace it with something new.
You should also understand how making a large purchase will effect your the credit line when you need to purchase a car and a house later on.
Remember to shop with varying home sizes in mind. Its easier to fit your sofa to your living room, than your house to your sofa.
Have you or a friend ever made a mistake and bought something that was just too big? A truck too large to fit in the garage, a bed frame that wouldn’t fit through the door? What did you do you fix the problem?
-Ed Gallimore
McNeil Real Estate
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