Buying A Home - Lock In a Great Rate Now - With interest rates are record lows, buying a home right now might make sense for your situation. With low interest rates, you qualify for loan, that you mean not have been able to qualify for at a higher rate.
The first thing to look for in a home is location. Is it close to transportation, or to a good school. How long of a commute is it to work? Make sure that the home is in a location that has been steadily appreciation through the years. This isn't a guarantee that it will appreciate consistently, but you can use it as a benchmark to other homes that you are considering.
When you sell your home in a few years, you want to make sure that it keeps its value and appreciates as well.
Don't buy more home then you need. Just because a house is bigger doesn't mean its better. Choose a size that you need, not a size that you want. Its more upkeep and its more expensive in the long run with additional property tax.
Take a look at the layout, and make sure that its acceptable. Don't buy a home, because it looks nice from the outside, you'll be living on the inside.
If you want a home that is affordable, don't buy a house that costs more than 2.5 times your current annual income. Anymore, and you might be struggling to pay your bills each month. Do a budget beforehand, and make sure that you comfortable paying your mortgage, and additional expenses that you will incur, now that you are a homeowner.
When you look for a home, don't look beyond your price range, because all homes that are cheaper will pale in comparison.
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