Buying a home is one of the biggest decisions you’ll make, so it’s important to have a heart-to-heart with yourself—and anyone you’ll be living with—before diving in. Let’s talk about some key questions to guide the conversation.
What’s Our Budget?
Start by getting pre-approved by a lender to know your financial limits. Then, decide what you’re comfortable spending each month, factoring in things like taxes, utilities, and maintenance.
What Do We Need in a Home?
Define your wants versus your needs. For example, a third bedroom might be a must, but a finished basement could be a nice-to-have. In a low-inventory market, you’ll likely need to make some compromises, so prioritizing is key.
Where Do We Want to Live?
Think about commute times, schools, and proximity to grocery stores or parks. Remember, you can often change the condition of a home, but you can’t change the location/setting.
What’s Our Timeline?
Are you in a rush to move, or can you take your time finding the perfect fit? This will help you approach the market with the right mindset.
What’s Our Long-Term Plan?
Is this your forever home, or are you planning to move again in a few years? Your answer can impact decisions like location and budget. Answering these questions together will help ensure you’re on the same page and ready to make a confident decision.