As you read our tips for buying a home, you’ll notice that first-time home buyers face many decisions when trying to determine which house is right for them. You have to figure out which housing and neighborhood features are most important to you in order to find the right house for you or your family. Once you determine the most important features you need, prioritize those features. Here is a home-buying priority checklist. Consider which ones are at the top of your list when finding a new home and add your own.
Affordability: When thinking about affordability of the right house for you and your family, take into account the monthly mortgage payments, the down payment for a loan, closing costs, moving expenses, as well as the ongoing maintenance costs of your new home.
Location: Create a list of acceptable and unacceptable cities, towns, and neighborhoods where you’d like to live. Factors to consider when finding the right home for your family include school system, parks, outdoor activities, proximity of health care, size of library, crime stats, and any other quality of living standards you feel are important.
Features: Each family has different needs. Some features to consider include number of bedrooms, number of bathrooms, one-story vs. two-story house, full basement, walk-up attic, one-car vs. two-car garage, acreage, type of heating system, and attached vs. detached home to name several. Your list may change slightly and become rearranged as you search for the perfect home.