Things to Consider Before Buying a Home

Mortgage and Lending with Academy Mortgage NMLS 180670

For many people, buying a home is the single biggest investment they will make in a lifetime.

The so-called "right time" is different for everyone.

Taking the first step towards buying your home is both exhilarating and overwhelming. Before you dive in too deep into the process, it is important to consider several factors. Buying a home will be one of the largest financial investments you make in your life, so you want to be well prepared for the adventure ahead.

What's the best scenario for you? Renting or owning?
While it may seem that owning a home is the best choice, that might not necessarily be the case for everyone. The key is to consider all the factors, good and bad, that come with owning a home. Once you compare renting versus owning, then you are ready to make the best decision for your current situation.

How much house can you afford?
If after considering all the contributing factors you conclude that owning a home is the best decision, you next will want to think about how much home you want to own. How much space will you need? How much space can you afford? Knowing what you can afford in a home will help drive your search in a focused direction.

What type of housing suits you best?
When you determine how much home you can afford, you next can consider what type of home and neighborhood best fits your needs. Before you begin looking, if you start considering the differences between a single-family home, a condo and the other housing options that exist, you'll save a lot of time and frustration in your search.

Who do you need on your team?
Buying a home can be a strenuous process. You'll want to be sure to surround yourself with a team of professionals who can assist you towards reaching your dream of homeownership.


Comments (4)

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin


Great post and very good advice. Hope you have a fantastic week.

Jun 22, 2011 04:44 AM
Brett Reichel
Homebridge Financial Services - Rancho Cucamonga, CA
MLO 210215

It's refreshing to see a Realtor admit that for some people, renting might be the best option.  Clearly, not everyone is in a position to own a home.  The good thing about that is we don't waste a lot of time trying to fit square pegs into round holes!

Jun 22, 2011 04:46 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Carly, Thanks for sharing & Congratulations on your 1st post. Welcome to activerain,  visit  you can join up to 5 groups for your post. Members at AR are very friendly and helpful; I learned alot about blogging and SEO.  Wish you good luck.

Jun 22, 2011 02:42 PM
Letitia Stevenson
BHHS Fox & Roach | - Greenville, DE
Listing Agent DE/PA/MD, Digital Marketer & Coach

Carly, Great Points! Welcome to the Rain! Active Rain is a great place to share your knowledge, expertise and thoughts, as well as network and learn so much from the vast pool of talent already onboard. If you would like to connect with me on ActiveRain, please subscribe to my blog!

Welcome Aboard and Much Success!

Jun 22, 2011 04:52 PM