Some metrics to consider before buying a homeJuly 30, 2014 at 8:30 pm
Buying your first home is one of the biggest investments you’ll ever make. Although islamic home financing is the right move there are several other factors that you need to consider to make sure you’re doing the right thing.
For example, even after you get Islamic mortgage financing out-of-the-way you’ll need to determine the property value of the houses that you’re interested in. That’s an important metric to the overall picture to make sure that you’re getting a house that will hold its value and you can sell for the same amount or more down the road.
Determining the property value has several factors that a real estate agent can help you with but even by yourself you can take a look around the neighborhood to see if the homes look like they’re being cared for by people interested in equity. For example, all the lawns should be kept up around the property you are considering and there should be other signs of continued maintenance like newer windows and roofs.
Islamic mortgage financing is an important step but there’s other metrics you need to look at too. Click here to find out how to get started.