10 Things to Look for When Buying Your First Home (2024)

Organizing

A rundown of major considerations to keep in mind

By

Coral Nafie

Coral Nafie

Coral Nafie is an interior design expert with over 25 years of home decorating experience. She has authored the book "The About.com Guide to Home Decorating." Her expertise covers every aspect of home decorprojects, including budget makeovers and extensive renovations.

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Updated on 07/19/22

Fact checked by

Sarah Scott

10 Things to Look for When Buying Your First Home (1)

Fact checked bySarah Scott

Sarah Scott is a fact-checker and researcher who has worked in the custom home building industry in sales, marketing, and design.

Learn more about The Spruce'sEditorial Process

If you're thinking about buying a home, this list can help to get your search off on the right foot. While the number of rooms, the condition of the kitchen, and the size of the yard are important, there are other factors to think over before you make an offer and move. Here's what to look for when buying a home.

1. The Location

They say the three most important things to think about when buying a home are location, location, location. You can change almost everything else, but you can't change your home's location. So when you go house hunting, consider proximity to your work, how the home is situated on the lot, ease of access, noise from neighbors, and traffic. Also think about access to parks, shopping, schools, and public transportation.

10 Things to Look for When Buying Your First Home (3)

2. The Site

Beyond location, look at the site of the home. If the home is on a hill, does it have a view, a walkout basem*nt, or lots of stairs to climb? Do neighbors' windows look directly into the home? Is the yard suitable for kids, pets, gardening, or other uses? Is access to the property safe regarding driveway elevation or stairs to the front door? If you plan to be in the home long-term, think about how your accessibility needs might change as you age.

10 Things to Look for When Buying Your First Home (4)

3. The Neighborhood

Be sure the neighborhood, and not just the house, meets your expectations. To research a neighborhood, drive around on weekdays and weekends, during the day and in the evening. Are homes in the neighborhood consistent in size and features? Do the neighbors keep the yards clean and tidy, or are there old cars and trash around? Is the neighborhood safe enough for people to walk, run, or bike? Also, see whether it's a child-friendly or pet-friendly neighborhood if that's important to you.

10 Things to Look for When Buying Your First Home (5)

4. The Home's Curb Appeal

Your home should reflect your design preferences and your lifestyle. Do you live a laid-back life and not want a lot of exterior maintenance? Then, you might want to skip a formal Victorian or Tudor-style home with lots of intricate features to keep up. Consider something simpler, such as a brick home. Also, ask yourself whether the roof and any decks or patios are in good condition. And check out the landscaping to determine how much yard maintenance you'll have to do.

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5. The Size and the Floor Plan

Avoid being wowed by an extra large home or a home with a unique feature, such as a sauna, if you'll never use the space. Determine the right size home for you, as well as your ideal floor plan, prior to house hunting, and try to stick as closely as you can to that. Remember, while extra square footage can give you that craft room, home gym, or theater room you've always wanted, you'll also have to pay higher energy bills and taxes. And it will take more furniture to fill the home and more effort to keep it clean. So realistically consider the space and layout you'll need for your lifestyle now and for the duration you plan to stay in the home.

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6. The Bedrooms and Bathrooms

Decide how many bedrooms and bathrooms you need, and only look at homes that meet your criteria. It would be a shame to fall in love with a cozy, charming cottage that isn't big enough. Don't just assume you'll be able to add more square footage later. Be sure to consult an architect who can advise you on space planning, lot usage, and city regulations. Think about who will be living in your home now and who might be in the future. If there's the potential that you'll have kids, take in relatives, or find roommates, factor that into your bedroom and bathroom count.

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7. The Kitchen

If the kitchen is the heart of your home, don't settle for one you don't love. Kitchen remodels can be costly and time-consuming. Sure, many people prefer to go the remodeling route to get exactly what they want. But if the home is already at the top of your budget, that might mean you'll have to wait a long time for your dream kitchen and live with something you hate. However, if the kitchen just needs some minor upgrades, such as new appliances, to suit your needs, it could be worth considering.

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8. The Closets and Storage

Older homes tend to have small closets and not a lot of storage space overall. So if you have lots of sports equipment, craft supplies, out-of-season clothes, and holiday decorations, be sure to clock where all of it might be stored as you're house hunting. Because newer homes tend to have ample storage space, you might want to start by only looking at them. You can always add storage space, but that might mean sacrificing some living space, such as turning a bedroom into a closet.

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9. The Windows and Lighting

Check out the views from the windows and how much natural light they let in. Look especially at the views and lighting from the windows in living spaces where you'll spend most of your daylight hours. You don't want to be staring at the side of your neighbor's house all day or have to turn on an artificial light because your room isn't bright enough. Furthermore, note where there are built-in light fixtures and outlets in each room. You can always add artificial lighting and outlets later, but it's nice to have that in place when you move in.

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10. The Finishing Touches

Sometimes the simplest home looks spectacular thanks to the details, such as the trim and hardware. Custom window treatments that will remain with the home also can be a selling point, as can a stylish fireplace. Plus, tech updates, such as a smart thermostat or a home security system,can be a huge draw. If elements like these are important to you, look for them while house hunting or be ready to add them after you move in.

If you keep these specific elements of a home in mind, your house hunting will be more successful, and you could end up with the home of your dreams.

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10 Things to Look for When Buying Your First Home (2024)

FAQs

What is the first thing you should consider when buying a home? ›

Assess your financial readiness and credit score before buying a house. Determine your budget and calculate how much you can afford to spend on a house. Research and explore different mortgage lenders as well as financing options, such as conventional, FHA, VA, and USDA loans.

What's your top 2 priorities when considering buying a home? ›

Before shopping for homes, make two lists: things you can't live without, and things that would be nice to have. Some of the most important factors to consider when buying a house are price, size, and location. Knowing your priorities ahead of time can help you act fast in a hot real estate market.

What questions should you answer before deciding to purchase a house? ›

These are all things you should look into before buying a home.
  • Interest Rates. ...
  • The Economy. ...
  • Impacts of Nature. ...
  • Can I Afford the Down Payment & Closing Costs? ...
  • Am I Financially Stable? ...
  • How Much House Can I Afford? ...
  • Can I Secure a Good Mortgage Rate? ...
  • How Long Do I Plan to Stay Here?

What is the most important thing to buy a house? ›

6 Major Factors Of Buying A House
  1. Price. For many prospective home buyers, a home's purchase price is their biggest concern. ...
  2. Location. Where you buy a home will have a tremendous impact on your day-to-day life. ...
  3. House Size. ...
  4. Property Taxes. ...
  5. Homeowners Association (HOA) ...
  6. Amenities.
Mar 18, 2024

What is a red flag when buying a house? ›

Here are some qualities to keep an eye out for: misaligned doors, cracks in the walls, sloping in the floor, and the windows are hard to open or has cracked glass. If you notice a lot of these qualities during a house tour, have an inspector take a look at the foundation before committing to the home.

What 3 requirements should you meet before you consider buying a home? ›

Requirements to buy a house
  • A good credit score. Lenders typically look for a score above 650. ...
  • Ample funds for a down payment. Most mortgage loan programs have a down payment requirement. ...
  • A mortgage lender. Mortgage loans are available from different types of lenders, including credit unions, banks, and online lenders.

What are the 4 C's when buying a home? ›

Standards may differ from lender to lender, but there are four core components — the four C's — that lenders will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.

What matters most when buying a house? ›

Location is often cited as the most important factor to consider when buying a home. There's a good reason for this. The location of a home is one of the primary predictors of a home's current and future value. If you gain entry into a desirable area, the value of your home will have solid economic foundations.

What is the biggest factor when buying a home? ›

Resale Value and Market Trends

One of the most important things to consider when buying a house is the local real estate market and how it will affect your resale value. The current state of the market in your area is a huge factor when considering homeownership.

What 7 questions should you ask when making the decision to buy or rent? ›

8 Questions to Ask Yourself When Deciding to Rent or Buy a House
  • What Is My Top Financial Priority? ...
  • Do I Have Savings For a Down Payment & Closing Costs? ...
  • How Do Home & Rent Prices Compare? ...
  • How Long Do I Plan to Live Here? ...
  • Will I Qualify for a Good Deal on a Mortgage?
Mar 28, 2017

What details will you consider as you decide to buy a home? ›

Consider your down payment amount and what you can afford in monthly mortgage payments coupled with recurring debts and household expenses (like daycare, groceries, utilities, tuition, etc.). You'll also want to have savings set aside for home maintenance and major repairs.

What are the three factors most important to deciding which home to buy? ›

First, let's look at why that particular cliche—that the three most important factors when buying property are location, location, and location—became so popular. Most people decide to buy a property based on how much they like the house or apartment, but you are also buying a plot of land when you buy a property.

What is the first thing you need to buy a house? ›

The first step to buying a home is getting pre-approved for a mortgage loan. This involves finding a lender, such as a bank or credit union, that you want to work with. To initiate pre-approval, you'll provide the lender with your financial information, including your income, credit history, and debt.

How to decide if a house is right for you? ›

How To Choose A Home That's Right For You
  1. Figure Out Where You Want To Live.
  2. Make Sure A Home Checks Your Must-Have Boxes.
  3. Narrow Your Search To True Contenders.
  4. Consider Old Vs. New Homes.
  5. Be Realistic About Your House Goals.
  6. Stick To A Budget.
  7. Look For Potential Issues With The House.
  8. Consider Your Homeowners Association.
Mar 9, 2024

What is the most important step in buying a house? ›

Check Your Credit Score

That's why the first step is to check your credit score and review your finances. Securing financing isn't always easy. Mortgage lenders will request a credit report and, based on the information found, will use your credit score and financial history to qualify you for a home loan.

How much house can I afford with an 80k salary? ›

With an $80,000 annual salary, you could potentially afford a house priced between $240,000 and $320,000, depending on your financial situation, credit score, and current market conditions.

What credit score is needed to buy a house? ›

Credit score and mortgages

The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).

What is the most important thing you look for in a new home? ›

1. The Location. They say the three most important things to think about when buying a home are location, location, location.

How much should you put down on a house? ›

If you can easily afford it, you should probably put 20% down on a house. You'll avoid paying for private mortgage insurance, and you'll have a lower loan amount and smaller monthly payments to worry about. You could save a lot of money in the long run.

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