by Anthony Kellum
As the calendar turns to a new year, resolutions on self-improvement launch to the forefront of our minds. If your 2023 goals include buying a home, home improvement, or paying off debts we’ve got you covered.
Nearly two in five Americans make New Year’s resolutions. However, the vast majority of people will fail at meeting their desired goals. Setting your focus is one key to success. Instead of working toward a long list of goals, narrow your goals down to your top three. Better yet, try to make these goals build on one another. For example, if you accomplish the first goal, you’ll be prepared to accomplish the second goal. Then take these goals one at a time.
What goals are important for you to accomplish this new year? Do you want to:
- Buy a new home?
- Renovating your home?
- Paying off your debts?
Maybe the most important thing on your to-do list for 2023 is buying a new home. If so, it’s an exciting time. This time often takes patience as you move through the steps of home buying, including mortgage loan approval, finding your home, negotiation and closing Having the right real estate professionals on your side can make all the difference in today’s market.
Know yourself and set realistic goals
An easy way to set yourself up for failure is to set unattainable goals, and then get discouraged when they don’t come to fruition. Recognize what has helped you achieve goals in the past (or held you back from success), and keep these in mind when setting realistic goals for 2023. Then set realistic and attainable goals that will work for you. Many people like to use the SMART method of goal setting. SMART stands for Specific, Measurable, Achievable, Realistic and Time-bound. By creating detailed goals, you help set yourself up for success. It may also be helpful to break down big goals into smaller steps very similar to creating goals that build on one another. For example, say one of your big goals for 2023 is to enlarge the square footage of your home with an addition. What is one piece of that addition that must be completed first? You might start with making a goal to secure funding, then find an architect and contractor, etc. By breaking a big goal into smaller steps, your project becomes more manageable and less overwhelming.
The beginning of a new year is always an exciting time. The new year brings with it chances for a fresh start and all that can occur over time.
(Property is Power! Is a movement to promote home and community ownership. Studies indicate homeownership leads to higher graduation rates, family wealth, and community involvement.)