Buying a house is the best investment

Buying a house is likely to be the biggest life-time investment one ever makes.
It is crucial to understand what makes a sound property investment. Draw out a detailed plan before you buy.
Avoid sellers who want, for a variety of reasons, to get rid of the property as soon as possible. They will be very flexible while negotiating price and other terms.
Opt for decent neighborhood: Better be prepared to pay a higher price, to buy in neighborhood with good schools, shopping areas, medical facilities and quiet neighbors who take pride in their homes.
First time home-buyers must be guarded and not fall a prey to unscrupulous agents or other mischief mongers. A novice can get burnt badly by over-paying for a home.
Another mistake young investors or first time home-buyers make. They buy a home, fix it up and then sell it. They quite often make improvements to the home that buyers do not want.
All walls should be white or off white, and not painted with rich colors, to make the best purchase. Fancy landscaping is also a not advisable – particularly if you plan letting your home on rent, at some date in the future. Tenants generally not known to maintain landscape well
The best way is to buy a duplex plan and occupy one side while renting out the other side. This will fetch you the best loan possible as it will be owner-occupied. You can also have a tenant to help you quickly liquidate your mortgage liability.
There are many ways to raise finance for buying a home. There are handbooks which offer you guidance about home finance.
If you wait for the timing to be right, you might be waiting a long time and end up paying more.
Home-ownership is certainly a wise move even without the tax advantages. But the special tax relief given to home-owners makes buying a home such a worthwhile investment.Many of us do not consider our homes as part of our investment portfolio. But this revised attitude will help us make better decisions when we buy or sell our homes.