Shopping for a House

Define Your Priorities

Before viewing homes, identify your essential requirements and separate them from preferences. Consider location, price range, number of bedrooms, accessibility, commute, outdoor space, and long-term plans.

Understand the Full Cost

Look beyond the purchase price. Estimate property taxes, insurance, utilities, maintenance, financing costs, and any homeowners association assessments. Leave room in your budget for repairs and unexpected expenses.

Evaluate Each Property

• Inspect the roof, foundation, drainage, plumbing, electrical system, heating, and cooling.
• Check the home’s layout, storage, natural light, noise levels, and parking.
• Research nearby services, transportation, schools, and planned development.
• Review available disclosures, permits, inspection reports, and property records.

Review Association Information

If the property belongs to a homeowners association, review its governing documents, rules, budgets, reserves, assessments, insurance, meeting records, and any pending legal or maintenance matters. Confirm that applicable restrictions fit your intended use of the property.

Make an Informed Decision

Compare properties using consistent criteria and avoid relying on appearance alone. A qualified real-estate professional, lender, inspector, attorney, or other appropriate adviser can help you assess documents and risks before you commit.