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House Hunting - how do you decide on price range?
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<blockquote data-quote="DACMan1" data-source="post: 1149905" data-attributes="member: 112"><p>I would definitely rent first when moving to a new country in order to familiarize yourself with the area/customs/unknowns. </p><p></p><p>It seems your situation is a bit unique in the sense that you can afford more than you think is sensible, thus your question here. That makes it much more of a personal preference type of thing. I would look at it like any investment - and compare it to what you might be losing out on in comparison to the alternative investments that you presumably won't be able to make, or cash out to purchase the property. Then weigh that up with what the property means to you.</p><p></p><p>Another thing to consider is taxes, upkeep and other costs associated. (to consider when doing your as-an-investment calculations).</p><p></p><p>I don't know what the market you are buying into looks like, but in my frame of reference, higher end properties have less buyers, and thus less growth potential (I know that's not universally true, though).</p><p></p><p>But I suspect you are in the position where it is really a personal preference situation and not really something there are rules-of-thumb or guidelines for.</p></blockquote><p></p>
[QUOTE="DACMan1, post: 1149905, member: 112"] I would definitely rent first when moving to a new country in order to familiarize yourself with the area/customs/unknowns. It seems your situation is a bit unique in the sense that you can afford more than you think is sensible, thus your question here. That makes it much more of a personal preference type of thing. I would look at it like any investment - and compare it to what you might be losing out on in comparison to the alternative investments that you presumably won't be able to make, or cash out to purchase the property. Then weigh that up with what the property means to you. Another thing to consider is taxes, upkeep and other costs associated. (to consider when doing your as-an-investment calculations). I don't know what the market you are buying into looks like, but in my frame of reference, higher end properties have less buyers, and thus less growth potential (I know that's not universally true, though). But I suspect you are in the position where it is really a personal preference situation and not really something there are rules-of-thumb or guidelines for. [/QUOTE]
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