The decision to buy a home is one of the most important, and potentially expensive, decisions you’ll ever make, so it’s not to be taken lightly. Before you make this move, it’s crucial that you know what you want, what you can afford, and whether those two actually intersect! Here are some things to consider to help you figure out what you want.
What Can You Afford?
One of the first things you’ll need to decide before beginning your home search is what you can actually afford. Look over your budget, then meet with your bank or lender to get pre-approved for a mortgage so you can know what price limitations you should put on your search. This process will help narrow down the list so you don’t get quite as overwhelmed and so you don’t set yourself up for financial ruin.
What Types of Amenities Are Important to You?
Do you want a neighborhood with a pool or lake access? Or do you want your own pool in the backyard? These questions are significant, as they’ll help you whittle the potential house list down even further. Keep in mind, though, that if you buy a home with a pool, you may need to find some residential pool services in Sarasota, so that will be an extra monthly or quarterly expense.
What Size Home Do You Want?
Who will live in your home? Will it just be you or will it be you, your spouse, and children? Think long-term when buying a house, as you’ll likely be in it for at least several years. Knowing exactly how many bedrooms, at least at minimum, you need will ensure you only look at homes that could actually work for your family.
Congratulations on making the decision to purchase a home! Before you do, though, it’s important that you figure out exactly how much money you can spend, what amenities you want, and how big of a home you need.