Wednesday, June 19, 2019

4 Lessons To Learn From House Hunting

Written by Alex from The Berger Bungalow


House hunting is fun and exciting, and it also has the potential to teach kids life long lessons (and maybe it will teach the adults some lessons, as well!). Then again, every single situation that you go through in life has the potential of learning and teaching lessons - it is just how you look at the hand you are given on that specific day. During house hunting, however, there really are so many amazing lessons that you can teach your kids during the process. It can be stressful, yes, but make it an educational time period, as well. Here are four lessons to learn from house hunting:

Finances Are Extremely Important


The first lesson that you can teach your children, or child throughout the home buying process is that finances are extremely important. It is very hard for children to see the true meaning and value of hard work and money until they have to figure it out for themselves, but as a parent, you want your children to be as educated as possible, in order to avoid going through tough times (which most everyone has to do at least once in their life - especially with finances).

The home buying process is the perfect way to show your children how being responsible with your money and your credit score is very important. Start from the ground up and show them. Start by explaining the down payment and teach them about saving money and why it is important to not only save for a down payment, but also for emergencies, as well. Then, you can teach them about credit scores and how it can affect interest rates (and life, in general). Your FICO score will reflect if you are maxing out your credit cards and/or making late payments on your bills. Another important financial aspect of the home buying process is your debt-to-income ratio. If you only teach your children one thing, this would be it. Talk to them about debt and how to be realistic with how much they can afford because money does not grow on trees and racking up your credit cards is never a good thing.

There are many other financial steps that you will go through during the home buying process and if you are able to work in a few other lessons for your children to learn from you, that is even better!


Being Open Minded Is Essential

Being open minded when you are house hunting is essential, but it’s also very important for everyday life, as well. Things are going to come up and life very rarely goes as planned, so keeping an open mind and being flexible is important, in order to succeed in all aspects of life. Simplify Your Day says, “Keeping an open mind is one of the most difficult things to practice.

It means you are open to everyone and everything that comes your way, allowing yourself to embrace different possibilities, opportunities, people, views, suggestions and interests.

You need to be unprejudiced, without stubbornness and flexible at all times. I try to practice this in every situation and it makes life a hell of a lot easier and less complicated. Better yet it is fun to practice. Trying to understand someone’s point of view, even when you disagree or don’t like the person very much, can change and free your mind in a way you would have never expected.

I don’t claim to master this skill, but I do see great improvement and it makes me feel powerful having the ability to change my way of thinking and not to get stuck in a mindset that makes me frustrated, angry or helpless.

Keeping an open mind is one of the best tools I use in simplifying my life.

It doesn’t mean I believe or accept everything, but I do listen, observe, feel and try to comprehend every situation on my path. It has given me, saved me and helped me many times. Try it yourself.”


Life Is Easier When You Work With Others

Unfortunately, in school, working with others is not always an achievement, but in real life, working with others is a very important skillset that most everyone needs to learn. For example, in a professional setting, you will have to learn how to work with others, especially in a collaborative environment (which most workplaces are navigating to). This goes for other things in life, as well, such as house hunting, or even selling your home. It’s not just yourself doing the work. More than likely, you will need to hire a team - a team of professionals and when you do so, you need to be able to work with them and rely on them, when needed. A team such as Erin King Jax Historic Realty makes that a bit easier to do because Erin King really knows the ins and outs of the real estate market in Jacksonville, Florida. For example, if you are selling and buying a home at the same time, this is called a contingent transaction and according to Erin’s website, this requires high levels of skill and project management to make it happen. Erin King is an expert when it comes to contingency transactions and can not only guide you through the process, but he can help take a lot of stress off of your plate. Erin offers coaching sessions online that are completely free, with no obligation, where he helps you learn how to make this complex set of transactions work for you.


Erin King is a Best of Zillow® REALTOR® who specializes in Jacksonville’s historic neighborhoods. “Erin, who previously worked in financial services and holds an MBA with an economics focus, brings a deep understanding of buying and selling historic homes. He enjoys sharing that knowledge with clients, from how to fit a 21st century lifestyle into a historic home and where to seek financing for renovation with a home purchase, to accurately pricing homes in Historic Districts such as Riverside, Avondale, Ortega, Springfield, Murray Hill, and San Marco. Erin, who prides himself on close attention to detail and quick response to clients, has put together a support team of contractors and other professionals who help transactions go smoothly.” This means that when you work in a collaborative environment with Erin, to find the home of your dreams, you are not only making the process easier for yourself, but you are saving a lot of stress along the way, as well!


Don’t Put All Of Your Eggs In One Basket

Last but not least, do not ever put all of your eggs in one basket. Buying a house is never a guaranteed thing until you officially sign the paperwork and get the keys. Until then, everything has the potential to fall through, so do not put all of your eggs in one basket. This is a great way to look at life, as well. You are dealt your cards and it is up to you to make the best out of them, but always be open to change and never be stuck in one type of mindset. I am sure you all have heard the phrase “don’t put your eggs in one basket,” and that is because it is a great life lesson, no matter who you are, or what you are doing.



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3 comments:

  1. thanks i am currently looking for a house will try these tips thanks

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