Importance Of Buying Your First House

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1. Background It is hard to hide the excitement that you feel when you are about to own property for the first time. In my opinion, buying your first property lays the foundations for future success. Buying a property for the first time is an overwhelming process but it is one of many reasons why I am doing my research proposal on the decision making process for first time buyers. If it’s a potential buyers first time purchasing a home, they may be surprised by the burdening amount of work to get through. It is important to prioritise the needs of the house by making sure that the property is habitable and in good condition. If the home is in a bad state of repair, it is important to set aside a budget to conduct any refurbishment jobs that …show more content…

It has not been addressed enough in the past. I also want to highlight “the inherently social activity” (LEVY, 2008) that develops the relationship of a family along the way. Importance of buying first home Buying your first home is one of the greatest milestones a person can ever take in their lives. There are highs and lows to owning any home. I believe that in most cases the advantages outweigh the disadvantages. Some disadvantages would be mortgage repayments, electricity bills, future water bills to look forward to and the value of the house may decrease over time. However the advantages would include customizing the house to your specific needs, home ownership creates a sense of family solidarity and your first home is where special moments are …show more content…

Research Methodology I will be determining my research by describing each step as I go along. I plan to delve through the decision making process for first time buyers. I will also be evaluating the needs and wants of first time buyers. The aim is to show what people want the most when looking for a home. I will comprise this information by caring out a questionnaire. From these objectives my aim is to show if it is the right time to purchase houses in this economy. I also want to highlight the difficult process that is incorporated when trying to find the right home for first time buyers. The first step is to decide what I want to learn from the questionnaire. I intend to write out questions that can help get the results, it is important not to lead those that are answering the questionnaire in the direction you want them to go especially if it doesn’t match their beliefs. When I give a multiple choice question, there will be a number of answers to choose from. It’s important not to ask questions that may be deemed personal. Even if is an online survey that I am doing, participants may be too shy to answer the

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