Once you’ve decided you can afford to buy a home and are aware of all the initial costs in your purchase, it’s time to start looking for a home.
Before you begin searching for a home, however, think about the needs your house will accommodate, both now and in the future.
Here are 3 things to consider:
1. Size requirements
A lot goes into determining the house size you need. Is your current home too small or too big? How many bedrooms do you need? Would you like a garage, a games room, or perhaps a home office? Do you have a family member with special needs (like a wheelchair or walker)?
Consider all your activities and needs that require space, and use that to determine how big of a house you need.
2. Special features
After you figure out what you need, it’s time to make a list of what you want. Do you want a home with air conditioning and a fireplace? Do you need space for a hobby? Would you like a swimming pool or perhaps a patio?
Knowing what you want can make it easier for the realtor to find you the perfect home.
Do you have children, or do you plan to have some soon? Do you have teenagers who will be moving out? Are you close to retirement? Will a parent be moving in with you in the foreseeable future? Do you like to entertain friends and host overnight guests?
Your lifestyle can greatly affect how you use your home and what that home could look like.
When choosing a home, plan for a one that can meet most of your needs (and at least some of your wants) for the next 5 to 10 years, or even look for a home that can grow and change with your needs. You’ll be glad you did.