4 Mental Obstacles to Buying a Home – and How to Overcome Them

Buying a home is the long-term dream of many.  The comfort, freedom and fulfillment derived from being a homeowner are good reasons to desire this.

There are a number of reasons why different people want to buy a house. For people preparing to go for retirement, buying a home may just be a perfect idea.  They want a bigger apartment that can accommodate their grandchildren during summer vacation. Or maybe a modest house that is suitable for occasional family get-together.

Others may desire buying a home that is more befitting and has all the specifications they want.

On the other hand, there are people who don’t key into this idea. They feel like getting a home of their own is a pipe dream – never achievable! And they just find their way around this feeling with different excuses.

The following are common mental obstacles to buying a home:

1. Buying a house is expensive

Yes, not everybody can afford to pay on the spot for the house they desire. But it’s possible to go for a system that allows you to pay in installments.

This way, you can become a homeowner without breaking a bank. All you need do is go for a mortgage plan that suits you best.

2. Renting a home is better than buying one

Many people I know give this excuse, but I suspect it’s because they can’t afford the house their minds covet yet.

In reality, no one wants to live in a rented apartment his entire life. You can never be more comfortable in a rented apartment than in your own home. If you’re a low-income earner and you prefer renting a home to buying one, chances are high that you’ll start thinking otherwise once you become financially stable. So work on attaining financial stability starting from now.

3. Taking a mortgage loan is financially risky

Is this true? Absolutely!

But making this a reason not to buy a house is nothing more than it is: an excuse.

Nothing good comes without a risk. Nearly everything we venture into in life involves a certain level of risk. Whether you’re buying a car, going on vacation, enrolling your child in school, there’s a bit of risk involved in making these decisions. And if it’s something important like buying a home, and you've done due diligence, then the risk is probably worth it.

4. The process of buying seems too complex

I know the process of securing a mortgage loan, doing due diligence and buying a house can be overwhelming but these don’t have to stop you. You just need to seek the help you need. Get advisors who have knowledge and experience about the process to help you.

Also, your mortgage lender can do the breakdown of all the complex details of the financing to you. So just ask about whatever confuses you.

Conclusion

If you try your best and overcome these mental obstacles, you’ll find the game is worth the candle. The freedom, joy and flexibility of design that comes with owning your own home are so good you’ll kick yourself for not getting them for yourself earlier.

So put on your thinking cap, get on the street and buy that house you've always dreamed of. Do due diligence but don’t over-think it. Just do it.