Posted by: islamicfinancingnews | August 5, 2014

So you’ve got that new home. What’s next?

Getting the keys to your dream home is one of the ambitions for people in both Canada and the United States. Regardless of whether you purchased with ijara loans or went through a more conventional Western-style model for the mortgage, understanding what you need to do after you’ve settled in is an important part of home ownership. Here’s a few tips that are complementary to your Islamic loans USA products.

• Believe it or not now is the time for you to start ignoring the housing market. After months and maybe even years of comparing home prices and values in various neighborhoods, you’ve make a decision and bought a house so it’s time to focus on other things because the chances are you won’t be selling anytime in the near future.
• On the other hand, you should carry on with saving money. Once you own a house you’ll be surprised to find out that expenses come along when you least expect them to. Things go a lot more smoothly when you have a few extra bucks in the bank to fix a leaking roof right away or replace a hot water tank in the middle of winter.

It’s also a good idea to perform due diligence in your new house in the same manner you did with ijara loans and perform regular maintenance to keep small problems from growing.

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