Before you start house hunting, it’s important to ask yourself why you want to buy a home. Are you hoping to stop paying rent? Start building equity? Want a place that’s truly your own? Maybe you're thinking about starting a family, entertaining clients, or just need more space.
Once you’ve figured that out, make a list of what you’re looking for in a home—and where you’d like to live. Try to be specific, and separate the must-haves from the nice-to-haves.
Think of it like narrowing your focus: start broad and get more specific. What kind of area are you drawn to—urban, suburban, or rural? What part of town feels right—north, south, east, or west? Are you looking for an established neighborhood or something brand new? Do schools, transit, parks, or nearby amenities matter to you? And how long of a commute are you okay with?
Next, think about the kind of home that suits your lifestyle. How much space do you need? Is a one-level home important, or are stairs fine? Do you want something move-in ready, or are you open to renovating? Also, consider the lot size and overall feel of the property.
And don’t forget to think ahead. How long do you plan to stay in this home—and will it still meet your needs a few years down the road? Eventually, you (or your heirs) may sell it, so it’s worth thinking about future value too.
