Once you have been prequalified for a home loan, you have a great idea how much home you can afford. In other words, you have the boundaries you need to begin house hunting.
STEP 4: Start Your Search
Before you start looking at houses, make a wish list for the qualities you are looking for. If you choose to work with a licensed real estate professional, this will help narrow your search.
Type of Neighborhood
Finding the right neighborhood is often just as important as finding the right house. When considering a neighborhood, ask yourself some key questions. Is it near your office and areas of the city that are important to you and your family? Is it in the school district you desire for your children? Does the neighborhood appear to be a good fit for you and your family today and tomorrow?
Type of Home
There are several types of homes out there, each one providing different options in terms of space, responsibilities, upkeep and ownership. Consider all the differing factors that would make a single-family home, a condominium or a townhome the best choice for you.
Type of Features
What do you need in a home and what do you want in a home? Would you like a one-story or two-story home? How many bedrooms and bathrooms would you need? Would you like a home office? What type of backyard would you like? Consider all the different aspects and prioritize the features of the home you’d like to have.