Friday, April 20, 2012

Examining Your Vanier Real Estate Goals

Have you ever taken the time to sit down and really examine your Vanier real estate goals? Most people seem to run haphazardly into real estate and many regret their buying decision. Don't let this happen to you. Sit down and connect with your goals to figure out exactly what you want to achieve with real estate now and in the coming years.

What are your short-term goals?

Well, you can first get started by determining that you certainly need a place to live. If you have enough money to buy a piece of property it is much better than renting. You'll have a lot more freedom to make choices with your Vanier property by buying instead of renting. Basically your short-term goals will include finding a living space that you can afford that serves your needs or those of your family.

You should sit down and put pen to paper to decide certain things you'll need to have in your Vanier real estate property. How many bedrooms will you need? Do you need a garage? How many cars will need to be parked in the driveway? Do you want hardwood floors or carpeting? Do you need a family room or an office? Do you want a two-story home or abungalow?

These are examples of what you are looking for when it comes to your short-term Vanier real estate goals.

What are your long-term goals?

Once you have accomplished your goal of establishing the type of property you’d like to live in it's time to look at your long-term goals.

Do you want to purchase a second Vanier property as an investment opportunity? Do you only want to own one property and have it as a nice nest egg for your retirement? Can you see yourself owning commercial property to lease out for large profits?

These are the types of long-term goals that you should be looking at. Once you have these established it is time to combine both the short-term and the long-term goals to form a final conclusion.

If, for example, you only want to have one home that you’ll probably live in for the rest of your life, that in itself will be your investment. On the other hand, if you are looking at buying more than one Vanier property, you may have to relax your short-term goals and settle for a smaller home so that you can purchase another property for investment purposes.

What are your Vanier real estate goals? If you're not sure of the answer take a few minutes to work it out. You'll be better off searching for properties once you know what you want to achieve in real estate now and in the future.

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