Congratulations! You’re buying a new home! And it’s both such an exciting and nerve-racking time!
But if you ask yourself the right questions ahead of time, your house purchase can be so much easier.
Here are five things to ponder:
1. Am I ready?
The decision to buy a new house is a big one and it can cause a lot of stress if you’re not prepared for all of the ups and downs.
Knowing what to expect is half the battle.
2. What can I afford?
Price is most likely the number one factor in your decision-making process. You must determine what you can realistically afford to pay for a house and stick to that budget.
3. Where do I want to live?
While you probably already know which city you want to live in, choosing a location within that city can sometimes be challenging.
You can figure it out by asking yourself a few key questions: Do I want to live downtown? In the suburbs? Close to parks? Work? Schools?
Once you have a good idea of where you want to live, check out that area to get a feel for the neighborhood and the types of houses that are in it.
4. Where will I be in five years?
It’s generally a good idea to buy a house that you plan to stay in for at least five years. So if you can buy a house that fits with your life plan, you are definitely ahead of the game.
For example, you may be planning to have children, and a house with three or more bedrooms makes sense for you. Or maybe you’ll soon be an empty-nester and a smaller house is right for you.
It’s a certainty that your life situation will change over time, so finding a house that fits these changes is ideal.
5. Which style of house is right for me?
There is such a huge variety of house styles that it can be confusing to find THE right one for you.
Do some research and have a look at the different house styles available. It’s also a good idea to physically see some houses to help you make the right decision.
Once you narrow down your choices, then finding your dream home will be easy!