Buying a home is one of the biggest financial moves you’ll ever make. But before you get swept up in listing photos and open houses, there are a few things you really need to know. Don’t buy a home without knowing these things.
Here’s what smart buyers make sure they understand before signing on the dotted line.
1. Your Budget Is More Than Just the Purchase Price
It’s easy to focus on the sticker price of the home, but there’s a lot more to budget for. Think: closing costs, property taxes, home insurance, moving expenses, and maybe even repairs or upgrades.
Talk to a lender early and get a full picture of what you can comfortably afford—including monthly payments and upfront costs.
2. Pre-Approval Puts You in a Stronger Position
Getting pre-approved (not just pre-qualified) shows sellers you’re serious and ready. It gives you a clear price range and can make your offer stand out in a competitive market.
You don’t need to commit to the lender you get pre-approved with—but it’s a smart first step.
3. Location Isn’t Just About the Zip Code
Don’t just look at the house—look at the neighborhood. What’s the commute like? How’s the traffic? Are there parks, shops, or schools nearby? Even if the house checks all your boxes, the location has to work for your lifestyle.
Visit at different times of the day and talk to locals if you can.
4. You’ll Want to Plan for the Unexpected
Homeownership comes with surprises. The AC might stop working, the roof might leak, or a tree could fall during a storm. Always have an emergency fund ready for unexpected repairs or expenses.
If the idea of surprise costs keeps you up at night, consider a home warranty for added peace of mind.
5. Your First Home Might Not Be Your Forever Home
And that’s okay. Buying a starter home can be a stepping stone. Focus on what you need now and what makes sense financially. You can always upgrade down the road when your lifestyle or income changes.
Before you buy, make sure you’ve done your homework, asked the hard questions, and built a team of pros who’ve got your back.
Need a trusted lender or home inspector? Want help finding the right area? I’m just a message away.
