What to do if you can only afford a $2 million home
People come to me often at my public library job and ask me for advice on buying their first home. Often, I'll hear people say "I'd like to buy a house, but I can only afford a $2 million house. What should I do?" When they ask me that question, I roll up my sleeves and explain: This is what you need to think about if you can only afford a $2 million home. First, not all $2 million homes are alike. There are some that can be fixed up to make them more habitable. Ask your real estate agent to help you find a house that is drafty. If you were to buy such a house, you could install new windows, and presto, your $2 million house is not as drafty. Also, a fresh coat of exterior paint can work wonders. With a fresh coat of paint, your $2 million home will no longer look and feel like a $2 million home. Look to find a house with serious structural problems. The phrase "serious structural problems" can be open to interpretation. A home inspector can inform you if th...