Determining the Needs

Buying a home is one of the most important investment decisions you will make in your lifetime.

Before you begin the search for your new home determine your needs and implement this step by step plan to make this process less stressful before you hit the streets. Start the house hunting process with some planning. The first step towards buying a home is to sit down and make a prioritized list of the features you want in your next home. Use this list as a search guide to look for your future home. But remember that depending upon your funding you have to make some compromises too. A buyer should know the following three important aspects while house hunting:

  1. What you must have in your new home no-matter-what.
  2. What you do not want to have in your new home no-matter-what.
  3. What is the largest payment you can make per month regardless of how much the lender says you "qualify" to borrow.