Thursday, December 1, 2016

Oh, The Stress Of It All! – Stress Buster Tips For Buying A House

Oh, The Stress Of It All! – Stress Buster Tips For Buying A House

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It may seem funny and laughable but buying a house is more stressful than having a new baby. In fact, one study has revealed that some couples who are going through the process of either selling or buying a house even stop having sex because of the stress the whole process brings. At the end of the process, they even claim that they feel five years older than their stated age, with side effects of hair loss, depression, and even weight loss.

stress all stress buster tips Oh, The Stress Of It All!   Stress Buster Tips For Buying A House

Buying and selling a house can indeed be very stressful, but there are ways though that you can beat the stress and anxiety it brings. Below are some stress buster tips for people who are thinking of selling and/or buying a house.

Know What You Want

Before you actually go house-hunting, you have to know what you want. If you have children, choose a neighborhood that is not only safe but also have good schools for your children. In addition to having good schools, it will also be to your advantage if you choose a neighborhood near your job. This way, you get to spend more time with your family.

Make House Hunting Fun

There are a variety of ways that you can make house-hunting fun. For example, you can ask your children to share their ideas regarding their new home. Yes, there will be suggestions of bigger rooms, pool, theatre, games room, more spacious backyard and garden, but sharing ideas is a great way to know what your family wants. Through sharing, you will get ideas on what type of house to purchase – a single-level house or a multiple-level one, a wide backyard or a small garden in front, etc.

Of course, you have to be pragmatic. The only way you could achieve your dream house is if you have an unlimited budget; in which case, good for you. But if you are on a tight budget, you have to prioritize practicality over aesthetics.

You can also make the house-hunting process fun by letting your children choose their room decorations and theme. There are a lot of room designs to choose from, especially online, and your children will surely have fun selecting their favorites.

Get Pre-Approved First

If you think qualifying for a home loan is easy, think again. There are a lot of factors that can affect your application. For one, your credit score plays a huge role in your application process. The higher the credit score, the better your chances of being approved, says Hayden Homes, a home builder based in Oregon. On the other hand, people with low credit scores have a harder time getting approved.

If you want to minimize your worries and heartaches, what you can do is get yourself pre-approved. This is not the same as pre-qualification though where the loan officer simply reviews your papers and tells you if you qualify or not. Pre-approval means a more thorough check of your credit history and credit-worthiness, reviewing and verifying your assets as well as liabilities. If you pass the assessment, the loan officer will then determine your loan amount. Of note; there is always the possibility that the lending company will not give you the amount that you want, so saving up some money first for a bigger down payment will be a huge benefit for you.

Jennifer Dalley is a freelance content provider for home and real estate blogs. She shares tips for buying and selling a house.

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