Buying a house is an important step for anyone. If you are purchasing a house, the first thing you need to do is do your homework and plan your shopping process. There are so many questions you need to answer before you start looking for a new house. What is your budget (probably the most important question)? Location? Where do you want to live, probably just as important, right? Here are the two most important questions you need to ask yourself before you start shopping.
What can you Afford?
If you are a first-time buyer, this is a great place to start. What can you afford? Calculating a reasonable price that you can pay in the next ten or twenty years defines a lot of different questions that you might ask yourself in the buying process. Talk to a financial expert before calculating a mortgage that you can afford. According to experts, a mortgage payment should not exceed 25% to 30% of your monthly income. Plus, you should have a general idea of the cost of taxes, utilities and insurance.
Create your Wish List
Create a wish list of what your new home must have. As you think about it, keep in mind that you should separate your nice-to-have and must-have features. Include your lifestyle while creating your wish list. What type of infrastructure you ideally would like to have close by? Schools? Hospitals?
How many rooms do you need? Do you need a home office? All these questions are vital before you start searching.
Don’t forget to think about the future. Maybe at the time, you have one child, but do you expect to have a bigger family. An average home buyer lives in a home for at least five to seven years, and some will live in that house for the rest of their lives. Your needs will change over time. Will you get tired of climbing a staircase? Maybe you want a master bedroom on the first floor.
Don’t forget that buying a house should be a rewarding and enjoyable experience. Once you have all your answers you can start shopping. Good luck!