3 Major Factors to Consider Before Buying a Home

So you’re packing up and getting ready to move to a new home. One problem: you haven’t settled on the right home yet!

Buying a home is the hard part. Once you’ve settled on the perfect house, it’s smooth sailing and you can get ready to move in and decorate to your heart’s content. So how do you get there? 

We’re here with a few factors that can help you figure out how to buy a house that you’ll love. Read on to learn more. 

1. Your Location Matters

When you’re buying a house, you can’t underestimate the importance of choosing the right location. When you rent, it’s okay to make mistakes because the housing is temporary. When you buy, you’re stuck with this location long-term. 

Make it count. 

So where are you going to move to? If you’re doing a short-distance move, look at local neighborhoods within your town or city. Which one works best for you and your household. 

Many people with children choose to move to neighborhoods with high safety ratings and good school districts. Adults without children may want to be close to nightlife.

If you’re doing a long-distance move, it’s trickier. Are you moving out of the country for work? Do you want to move to Israel for religious reasons (see more here)? 

In this case, not only do you have to consider the location in terms of what amenities you need, but you also need to consider how you’re going to make that move. What do you need to move internationally? 

2. Your Home Budget

It’s easy to get sucked into real estate websites and spend hours browsing through homes that are far outside of your price range. Don’t get caught in this trap!

Sure, it’s fine to look at dream homes, but you need to be practical. You can find your dream home in your budget if you’re strategic about it. 

Remember that when you’re buying a home, you don’t only have to think about the base price of the home itself. The home buying and moving process has extra fees as well.

You’ll pay for a real estate agent, inspections, potential repairs, moving costs, and more. Factor all of these things into your budget before you choose your ideal price point.

When you get pre-approved for a mortgage, your lender will help you determine how much money you’ll be able to spend on a home.

3. Your Wants and Needs

This is the fun part. Figure out what you want and need from your home before you start narrowing down your choices. Make a list!

Needs are easy. You’re going to need a certain number of bedrooms, a certain number of bathrooms, and potentially accessibility features (such as stairs with a railing or a walk-in shower). Needs will vary depending on the household. 

Wants are more fun. Consider going online to get some dream home inspiration while you make your list.

Do you want a jacuzzi? What about a bedroom with an ensuite? These things aren’t necessary, but they’re fun to look for and they may help you make the final decision about your dream home.

Buying a Home? Consider These Factors

Buying a home is exciting, but if you don’t keep these three factors in mind, you might choose a house that isn’t a perfect fit. Remember: consider your priorities, remember your budget, and don’t underestimate the importance of choosing the right location.

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