Why Buying A House Is Different From Buying A home



There are two ways you can look at a constructed property that you intend to buy- as a "house" or as a "home".

A "house" is a place you use to perform your daily activities - eating, sleeping storing your things. In other words, it is a roof over your head, a shelter from the cold, the rain and the wind.

A "home", on the other hand, is your safe haven. It is where you feel safe and comfortable. It involves myriad memories - carrying your bride across the threshold, bringing your kids home from the hospital and watching them grow.

Buying a house involves cold logic. Buying a home is all about emotion.

For example, you may want a home with a pool for the kids or large landscaped grounds for them to play in. Logic, however, says that both involve making significantly larger investments with little hope of greater appreciation on the value of the property.

When a situation such as this emerges, it is always good to weigh the logical and emotional aspects of the purchase. A real estate guy will tell you that logic should always win out. But, it"s necessary to give due importance to emotional factors. In the above example, paying extra for a pool may mean a larger down payment, but if it seems worth it to you, then you should go ahead and close the deal.

At the end of the day, you should be ensconced in a warm, comfortable, happy home and have a healthy investment for the future.

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