Determine how much you can comfortably afford to spend on a home. Consider your income, expenses, and any additional costs such as property taxes, insurance, and maintenance
While it may not be your immediate plan, it’s still wise to consider the potential resale value of the property.
Evaluate the location you desire.
Explore the different financing options and mortgage rates available to you. Consider the down payment amount, interest rates, loan terms, and any potential costs associated with obtaining a mortgage.
Consider the size of the home and the layout that would best suit your lifestyle and needs.
If the property is part of an HOA, review the rules, regulations, and associated fees.
Assess the condition of the property, including the age of the home, its structural integrity, and any necessary repairs or renovations.
Beyond the purchase price, consider ongoing costs like property taxes, homeowners insurance, maintenance, and utility expenses.