Now that you have taken a long hard look at your finances, your next step is to think about the home that you would like to buy. What are your Needs? Consider your needs NOW and in the FUTURE. Think about what your needs are right now and what you expect your life to be like over the next 10 years. Are you planning a bigger family? Do you anticipate having pets and really need a backyard? Do you need a home office? Do you have teenagers who will be moving away soon? Are you close to retirement? Do you have an older relative who might come to live with you? Try to find a home that meets your current needs but one that will also grow with you over the next 10 years.
After you have considered your current and future needs, consider features of a home that you feel you need before you would make an offer. Download our Home Features Checklist Worksheet (PDF) to help you in deciding which features are absolute musts. Which features are high on your list and which are low?
This is a very important decision. It will impact which schools your kids go to and how long it takes you to drive to work as well as many other things in your life. You don’t want to choose the right house in the wrong location. Just because a house has all the features you are looking for, doesn’t mean it is the best house for you. Decide if you want to live in the city or in the country. What is the commuting cost to go to work? Where will the children go to school and how will they get there? Is there a park nearby? How close are you to family and friends?
If you want a brand new home, are you considering buying it from a builder or having a contractor build it for you? If you are considering buying a pre-owned or resale home, what things do you need to consider?
What’s Next? Next you need to choose a team of experienced professionals that can help you buy the home of your dreams. You will need: