{"id":10602,"date":"2018-12-04T23:44:19","date_gmt":"2018-12-05T06:44:19","guid":{"rendered":"https:\/\/moneyppl.com\/?p=10602"},"modified":"2022-02-15T14:38:26","modified_gmt":"2022-02-15T21:38:26","slug":"50-important-things-you-should-do-before-you-buy-a-house","status":"publish","type":"post","link":"https:\/\/dev.moneyppl.com\/50-important-things-you-should-do-before-you-buy-a-house\/10602\/","title":{"rendered":"50 Important Things To Do Before Buying A House"},"content":{"rendered":"\n

For most people, buying a home is one of the ultimate financial goals you can achieve. And after the Great Recession of 2008, it is becoming more and more difficult for people to even reach a point where it’s possible to buy a house some day. Some people may even think it’s beyond their reach. Whether you have been saving for years, or if you are only now just considering the possibility of purchasing some real estate, consider these 40 tips to prepare yourself before diving in to buy a home.<\/span><\/p>\n

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Look for local open houses to see if you can score some free food and informantion. Credit: Pexels<\/figcaption><\/figure>\n

1. Go To As Many Open Houses As Possible<\/span><\/h2>\n

When a house first goes on the market, a real estate agent might throw an “open house”, which is like a party where anyone can come and go to see the house on a particular day. Showing up to an open house is totally free, and you usually get free food and drinks, too. Since multiple potential buyers will be there, you don’t have to feel pressured to make an offer right away. Even if you are months or even a year away from being ready to actually buy a home, going to a few open houses will help you feel more comfortable with the process, and you will learn a lot along the way. If you get along with the real estate agent, you may be able to get their business card and work with them in the future, as well. <\/span><\/p>\n

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Make sure to keep your eyes peeled for any potential damage that will cost you money when you move into your new house. Credit: Pexels<\/figcaption><\/figure>\n

2. Keep Your Eyes Open At All Times<\/span><\/h2>\n

When touring a house, pay very close attention to tiny details. Are their cracks in the window panes, or on the walls inside and outside? Does it look like there might be a termite infestation? Is there water damage on the ceiling? All of this can be signs of potential issues that will cost a lot of money. Keep a mental note, or pull out your cellphone and take photos of anything that you think is concerning.<\/span><\/p>\n

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Finding a good school system is extremely important for your child’s future. Credit: Pixabay<\/figcaption><\/figure>\n

3. Check The Quality Of The Local School System<\/span><\/h2>\n

Even if you don’t have kids yet, there may be a very real possibility that some day, your future children will go to school wherever you settle down. Do your research on the local schools, by checking online to see graduation rates, test scores, and news of any scandal. Consider maybe even showing up to a school play or other public event that will allow you to see the inside of the school. You can even call the school’s main office and ask for a tour.<\/span><\/p>\n

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Have a professional check the property for any potential issues. Credit: Pixabay<\/figcaption><\/figure>\n

4. Pay For All of the Necessary Inspections<\/span><\/h2>\n

Before you buy a house, it is always necessary to pay for inspections on the property to make sure it is safe to move into, called a “certificate of occupancy”, or CO. Some states and local municipalities may not require a CO, but it is still wise to get one. You should also get your septic system, roof, and foundation checked. This typically costs around $100.<\/span><\/p>\n

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It is necessary to bring up your credit score when you are shopping for a home. Credit: Pexels<\/figcaption><\/figure>\n

5. Improve Your Credit Score<\/span><\/h2>\n

The better your credit score is, the more likely you are to be approved for a mortgage. On average, banks expect your score to be in the 700’s or above, but special loan programs accept a lower score. The higher your score is, the better chances you have at qualifying for a lower interest rate, which means you are saving more money over the life of the loan. <\/span><\/p>\n

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Consolidating your debt makes it easier to pay your bills. Credit: Pexels<\/figcaption><\/figure>\n

6. Consolidate Your Debt<\/span><\/h2>\n

If you have a lot of small credit card and student loans, it may be wise to figure out if you can consolidate your debt into just one monthly payment. Calculate how much interest you are paying on each card, and figure out if you can apply for a new card with a 0% intro APR, and your existing debt over to the new card.<\/span><\/p>\n

When you are consolidating your debt, just keep credit utilization in mind. Do not max out one credit card for the sake of paying off another. Also Keep a credit card with a 0 balance open, because it will actually increase the overall percentage of your credit utilization.<\/span><\/p>\n

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If you plan on borrowing money for a house, do not take out any new credit cards. Credit: Pexels<\/figcaption><\/figure>\n

7. Put a Pause on New Credit<\/span><\/h2>\n

During the time that you are buying a house, do not take out any new credit cards or loans. This is taken into consideration when a bank is considering you for a mortgage. If you have taken on too much new debt recently, they may be afraid that you will get in over your head.<\/span><\/p>\n

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Dump as much money into paying off your debt as you can. Credit: Pexels<\/figcaption><\/figure>\n

8. Pay Off As Much Debt As Humanly Possible<\/span><\/h2>\n

This almost goes without saying, but it is important to pay off as many loans and credit cards as you can before you apply for a mortgage. The less debt you have, the better you will look to mortgage lenders, and the easier it will be for your to handle your monthly payments. <\/span><\/p>\n

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It is completely necessary to make a budget before you buy your house. Credit: Pexels<\/figcaption><\/figure>\n

9. Create a Budget<\/span><\/h2>\n

Are you absolutely positive that you can afford to buy a house? The only way to know for sure is to make a budget. Write down your income, and your partner’s income, and deduct all of your necessary monthly expenses. Then, try to estimate how much mortgage you can comfortably afford. Keep in mind that you will also have to pay property taxes, utilities, and all of the other hidden expenses that we will mention in this list.<\/span><\/p>\n

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Make sure you know the average selling price of houses in all of your nearby towns. Credit: Pexels<\/figcaption><\/figure>\n

10. Research Your Local Housing Market<\/span><\/h2>\n

If you are planning to buy a house in the near future, it is a good idea to start looking on Realtor.com, RedFin, and Zillow on a regular basis in the area of where you want to move. Pull up Google Maps and search all of the towns in a 10 mile radius. If you do this often enough, you will begin to know the average selling price in each respective town.<\/span><\/p>\n

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The type of neighborhood you live in can dramatically change your property’s value. Credit: Pexels<\/figcaption><\/figure>\n

11. Understand the Value of a Neighborhood<\/span><\/h2>\n

On the TV show Fixer Upper, the tagline is that they find “the worst house in the best neighborhood”. Whether you plan to do a total rehab on your house or not, finding a good neighborhood truly is the key to holding on to the long-term value of your property. You could have the greatest mansion in the world, but if it’s in the middle of the ghetto, it’s going to be worth half of the price that it would be in an affluent area.<\/span><\/p>\n

However, even if a town isn’t too pretty right now, that doesn’t mean it will always be a bad place to live. For example, towns that are beginning to gentrify with young professionals moving in usually have very affordable homes. It may take a few years before the quality of the neighborhood improves, but it could end up being a good investment. For example, if a micro brewery or a hip coffee shop opens up in the area, it could mean that the housing prices may go up soon.<\/span><\/p>\n

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You may spend dozens o hours researching houses on the internet. Credit: Pexels<\/figcaption><\/figure>\n

12. Take Plenty Of Time to Shop Around<\/span><\/h2>\n

It’s one thing to search online, but it’s another to actually go out and explore your options. It may take several months (or even a year) of house shopping before you find a good fit. If you don’t feel like making an appointment with a real estate agent, at least take the time to drive to a house on your own and do a drive-by. Just don’t walk on a property that is currently occupied!<\/span><\/p>\n

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Apply to mortgages from multiple lenders. Credit: Pexels<\/figcaption><\/figure>\n

13. Consider Your Mortgage Options<\/span><\/h2>\n

If you don’t qualify for a mortgage with a bank, consider applying to government-backed programs like the FHA Home Loan Program, a Veteran’s Loan, or a USDA Loan. All of these options require a lower credit score, down payment, and offer lower interest rates. However, they are usually only available to people with lower income, veterans, or first-time home buyers. Many of these loans only require a 4% down payment instead of 20%, and they may even waive the closing costs. <\/span><\/p>\n

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Don’t rush into buying a house too quickly. Credit: Pexels<\/figcaption><\/figure>\n

14. Don’t Rush Into Anything<\/span><\/h2>\n

Buying a house is very exciting, but if you get too carried away, you could end up buying a property without actually thinking it through. Even if the real estate agent tells you that other buyers are interested in the home, don’t let that push your into a decision you may regret later.<\/span><\/p>\n

On the other hand, don’t wait around when you see a very good deal, but those moments are very rare. The more you research, the more you will begin to understand when those once-in-a-lifetime deals actually come along.<\/span><\/p>\n

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When you walk around a house, try to imagine if you actually want to live there or not. Credit: Pexels<\/figcaption><\/figure>\n

15. Imagine Yourself Living There<\/span><\/h2>\n

Well, duh, right? Believe it or not, some people get so excited about buying a house, they forget to imagine what their day-to-day living might be like. Is the kitchen big enough? How about the bathrooms? Does the layout of the house make sense for your lifestyle? If you can’t imagine actually living there comfortably, don’t buy the house.<\/span><\/p>\n

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Whether you are driving or taking public transporation, you need to prepare for your new commute. Credit: Pexels<\/figcaption><\/figure>\n

16. Calculate Commute Times<\/span><\/h2>\n

The time it takes to commute to work is a big part of where you decide to live. If it adds on a significant distance to drive, you will have to spend more on gas and tolls. But if you work in a city, you may save money by living in a suburb and taking the train. It is wise to do a test-run and time how long it will take you to get back and forth from work.<\/span><\/p>\n

Don’t forget to visit during rush hour. No matter where you live, rush hour always sucks, but there is no denying that some towns are far worse than others. If it takes you 20 minutes to drive one mile, it will seriously cut into your commute time, and it may change your lifestyle in a negative way.<\/span><\/p>\n

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Food, entertainment, and shopping is just as important as your new house. Credit: Pexels<\/figcaption><\/figure>\n

17. Consider Distance to Local Amenities<\/span><\/h2>\n

When you are looking to buy a new house, the distance to drive in order to get to your daily needs is very important to know. How far away are grocery stores, fast food, and entertainment? In some rural areas, for example, they will not even deliver pizza, and using convenient apps like Postmates or Uber are not an option.<\/span><\/p>\n

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18. Meet a Neighbor or Local Resident, If Possible<\/span><\/h2>\n

If you are visiting a neighborhood, and you happen to see a neighbor or a local resident, give them a friendly “hello” and ask them about their honest opinion of the area. You will be surprised at how helpful some people are willing to be when you ask them this, and everyone had gripes about their neighborhood. So it may surprise you how honest someone will be about all of the negatives. You will learn quickly if you want to move there or not, and as an added bonus, you already made a new friend!<\/span><\/p>\n

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When you see a good sale on appliances, save it for your new house instead of waiting until the last minute. Credit: Pixabay<\/figcaption><\/figure>\n

19. Stock Up On Must-Have Household Items When Prices are Low<\/span><\/h2>\n

If you know that you are planning to move in the next few months, don’t wait to buy your new appliances and home goods at the last minute. Buy them during big sales like Black Friday, and hold onto them for later. Yes, it’s work to move these items in and out of your next place, but with some clever planning, you could save hundreds of dollars overall. For example, a Kitchenaid mixer is normally around $300, but on Black Friday, they go on sale for $180. <\/span><\/p>\n

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A neighborhood can feel totally different at night time. Credit: Pixabay<\/figcaption><\/figure>\n

20. Visit The Neighborhood At Night, and On Weekends<\/span><\/h2>\n

Sometimes, a neighborhood that seems safe in the daytime can transform into a nightmare when the sun goes down. How bright are the street lights? Are there a lot of punk kids smoking cigarettes, or partying loudly on the weekend? Are creepy strangers walking around on the sidewalks in the dark? All of these things are very important to know beforehand, instead of after you are trying to get a good night’s sleep. <\/span><\/p>\n

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Save as much money as you can before you buy a house. Credit: Upsplash.com<\/figcaption><\/figure>\n

21. Aggressively Save Your Money<\/span><\/h2>\n

It may seem like common sense, but if you are saving to buy a house, you should be saving your money. This means taking a bag lunch to work instead of eating out, cut down on partying with your friends, and possibly even skipping this year’s vacation. It may be difficult in the short-term, but it will all be worth it once you move into the home of your dreams. <\/span><\/p>\n

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You can get an approval letter from a bank after applying for a mortgage. Credit: Unsplash.com<\/figcaption><\/figure>\n

22. Get Pre-Approved For Your Mortgage<\/span><\/h2>\n

Before you even start the house buying process, it is a good idea to get an approval letter from a mortgage lender. This way, you know how much you can spend ahead of time. This will very quickly narrow the options of what you can afford to buy, and it also makes the final paperwork go a lot more quickly and smoothly. <\/span><\/p>\n

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Compare various mortgages before you settle on taking out a loan. Credit: Pixabay<\/figcaption><\/figure>\n

23. Shop Around For Mortgages<\/span><\/h2>\n

If you get approved for a mortgage, you may be jumping for joy, and ready to go looking for a house. Before you do that, get a second and even third opinion from different banks and mortgage companies. You may actually get a higher estimate or a lower interest rate from another bank. Try to go for banks that you have a positive credit history with already, because they are more likely to want to work with you, if they see you as a valuable customer. <\/span><\/p>\n

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If you try to negotiate, you can lower the price of your house. Credit: Pexels<\/figcaption><\/figure>\n

24. Remember to Negotiate<\/span><\/h2>\n

A lot of first-time home buyers make the mistake of believing that they have to pay the whole listing price on a house. If a house has been on the market for a while, you can try to take a few thousand dollars off the asking price. If they are eager to sell, they just might say yes, or offer you a counter-offer. <\/span><\/p>\n

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Remember to save for your house closing costs. Credit: Pexels<\/figcaption><\/figure>\n

25. Prepare for Closing Costs<\/span><\/h2>\n

When you buy a home, you have to give the down-payment, but you are also responsible for the closing costs. This is a minimum of $2,000, but it may be more, depending on where you live. Ask your real estate agent for an estimate.<\/span><\/p>\n

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Unfortunately, not every couple gets to buy a house that looks like this. Credit: Pixabay<\/figcaption><\/figure>\n

26. Curb Your Expectations<\/span><\/h2>\n

It’s easy to get your hopes up when you think you might buy a house, but doing this will potentially end up in a big disappointment. Buying a house takes a lot of time and paperwork, and sometimes, a lot of hard work can end up fall through at the last minute. It is better to go into a house buying situation with low expectations, and being pleasantly surprised when things go well.<\/span><\/p>\n

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Couples should try to agree on the most important aspects of the new home. Credit: Pixabay<\/figcaption><\/figure>\n

27. Know What You’re Looking For<\/span><\/h2>\n

Do you like Colonial style, or a Victorian? Three bedrooms, or four? Make a list of things you want from a home. Don’t assume that anything is out of your price range. Real estate agents can help you find houses that are not public knowledge yet, so you might be able to find a house that pushes all the right buttons.<\/span><\/p>\n

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Be honest with your partner about things you dislike in a future home. Credit: Pixabay<\/figcaption><\/figure>\n

28. Figure Out Your Deal-Breakers<\/span><\/h2>\n

Once you know what you want, figure out what you and your partner <\/span>don’t <\/span><\/i>want from a house. Maybe you don’t want the responsibility of having a swimming pool, or you absolutely hate split-level houses. It is better to be completely honest up-front in order to avoid arguments and disappointment later on. Makes a list of these deal-breakers with your partner, and hopefully you can both agree on the things that you do and do not want.<\/span><\/p>\n

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Depending on where you are moving from, paying for a truck to transport your belongings can cost a fortune. Credit: Pixabay<\/figcaption><\/figure>\n

29. Research Average Moving Costs<\/span><\/h2>\n

The cost of moving into a new house will vary greatly depending on how far you need to drive or fly. You also need to decide if you are going to hire a moving company to help you carry everything inside, or if you will save money by renting a truck and getting help from family and friends. In some cases, it might actually be easier and cheaper to give away your old furniture and buy all new stuff when you get to into your new house.<\/span><\/p>\n

Remember that if you need to take time off work in order to move, this is also costing you money, as well, so take that into consideration. After a little bit of research, it will become clear what your best option is.<\/span><\/p>\n

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It is very important that you find a good real estate agent to work with. Credit: Pexels<\/figcaption><\/figure>\n

30. Find a Real Estate Agent You Can Trust<\/span><\/h2>\n

Real estate agents are only human, after all, so if you meet someone that rubs you the wrong way, don’t be afraid to find someone new to work with. You will be spending a lot of time communicating with your real estate agent while you get your paperwork completed, so it is important to find someone you trust and get along with. <\/span><\/p>\n

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Don’t be afraid to hire a lawyer if you need one. Credit: Pexels<\/figcaption><\/figure>\n

31. If Necessary, Hire a Real Estate Lawyer<\/span><\/h2>\n

In some cases, like if you are buying a foreclosed home at a sheriff’s sale, it may be necessary to hire a real estate lawyer on top of your agent or broker. This does not apply in every case, but if you have a complicated situation, don’t be afraid to pay for a consultation, because their help may save you money, time, and grief in the long run. <\/span><\/p>\n

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Some neighborhoods, especially new developments, have HOA fees. Credit: Unsplash<\/figcaption><\/figure>\n

32. Watch Out For HOA Fees<\/span><\/h2>\n

Some neighborhoods charge an Homeowners Association (HOA) fee in addition to your mortgage. This is most common in gated communities and brand new developments. The fee usually covers things like removing snow from the streets and sidewalks, sewer, landscaping, and spraying for termites. If you would rather pay for all of these things on your own, it may be better to find a neighborhood that does not require HOA fees.<\/span><\/p>\n

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Before you get the keys to your new house, you are likely to have to compromise on the things you really want. Credit: Pexels<\/figcaption><\/figure>\n

33. Be Prepared to Make Compromises<\/span><\/h2>\n

When you are looking for a new property (especially with a partner) there is no guarantee that you will get 100% of what you want in a dream house. You should expect that there will be a lot of give and take for everyone involved, including your children.<\/span><\/p>\n

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Know the level of crime in your new neighborhood before you buy a house. Credit: Unsplash<\/figcaption><\/figure>\n

34. Check Local Crime Statistics<\/span><\/h2>\n

The level of crime in any area makes a huge difference to your quality of life, especially if you have children. Check out CrimeReports.com to see how much crime is in the area where you plan to move to. We don’t want your house to get broken into right after you buy it!<\/span><\/p>\n

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Starting a rehab project on a house is costly and time-consuming. Credit: Pixabay<\/figcaption><\/figure>\n

35. Be Realistic About Rehab and Repairs<\/span><\/h2>\n

Depending on your personality, you might be a real go-getter who is ready to tackle any problem that may come your way. But before you dive head-first into a fixer-upper, really take a minute to figure out how long each repair will take, especially if you do it on your own. A house renovation is usually wrapped up in a single episode of a show on HGTV, but in reality, it usually takes several months to finish a major renovation. Remember that doing repairs on your own will also take away from your work schedule and personal life. <\/span><\/p>\n

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Gather your bank statements before you apply to get a mortgage. Credit: Pexels<\/figcaption><\/figure>\n

36. Prepare Your Bank Statements<\/span><\/h2>\n

When you go to apply for a mortgage, the lender will want to see at least three months of bank statements as proof of income. In preparation for this, you should start to “clean up” your bank account, which may mean cutting down on your normal embarrassing purchases, because they will be able to see every transaction you make. <\/span><\/p>\n

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If you received a large financial gift, you may need to get it on paper. Credit: Pixabay<\/figcaption><\/figure>\n

37. Document Large Financial Gifts<\/span><\/h2>\n

A lot of newlywed couples will get a gift of money from their parents after they tie the knot, and for some, it is a significant amount of money. If you deposit this into your bank account, your lender may be suspicious that you may have actually taken out a loan from your parents, and that you will be bogged down with repaying multiple parties. Ask the person who gave you this gift to sign on a piece of paper that they gave that money to you as a present, and not a loan.<\/span><\/p>\n

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You need do get your tax paperwork together before applying for a mortgage. Credit: Pixabay<\/figcaption><\/figure>\n

38. Prepare Your Taxes<\/span><\/h2>\n

Banks and mortgage companies will want to see last year’s taxes, so make sure you bring a copy with you. If there is something concerning you about your taxes, feel free to visit an accountant, because the IRS allows you to amend your taxes for up to 3 years. If you are self-employed, the lender will want to see your tax statements from the past three years, and they will average them all together. <\/span><\/p>\n

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You need to budget for last-minute expenses before you buy your home. Credit: Pixabay<\/figcaption><\/figure>\n

39. Plan For Unexpected Costs<\/span><\/h2>\n

When you are buying a house, it is almost guaranteed that Murphy’s Law will come into play. (“If it can go wrong, it will.”) Try to set aside a couple thousand dollars for unexpected costs, so that you are prepared to pay for things that come up, instead of borrowing more money.<\/span><\/p>\n

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Keep the future resale of your house in mind before making drastic changes. Credit: Pixabay<\/figcaption><\/figure>\n

40. Keep Future Resale In Mind<\/span><\/h2>\n

Even if you are looking to buy a “forever home”, you may want to downsize after retirement, or maybe you will get a new job in another state. This is especially important when you are doing rehab projects. For example, maybe <\/span>you<\/span><\/i> want an all-pink house, but all future buyers are going to be completely thrown off.<\/span><\/p>\n

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Check the house water pressure before you buy. Credit: Pixabay<\/figcaption><\/figure>\n

41. Check the Water Pressure<\/span><\/h2>\n

When you are touring a house, flush the toilets and check the water pressure in the sink and shower. If it seems weak, it may be an indication that the house needs a new water pump, or there could be an expensive plumbing issue. <\/span><\/p>\n

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During your meeting with the real estate agent, ask for any records of issues. Credit: Pixabay<\/figcaption><\/figure>\n

42. Ask For Disclosure On Potential Issues<\/span><\/h2>\n

Depending on where you live, your real estate agent may not be obligated to tell you when something has gone wrong with the house. Sometimes, a house is listed “As-Is” in order to protect a seller from being liable for any major problems with the property. Ask the real estate agent to be as honest as possible, and if they have any paperwork available. If at all possible, do some research on that address online, too.<\/span><\/p>\n

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Even if you don’t have kids yet, you should still consider if the house are buying is your “forever home”. Credit: Pixabay<\/figcaption><\/figure>\n

43. Think About Your Future Needs<\/span><\/h2>\n

Plenty of people buy a “starter home” before they move on to upgrade to a “forever home”, but in some cases, it is better to try to think into the future and buy the best house right away. Even if a house is perfect for what you need right now<\/em>, try to imagine yourself 5, 10, or 20 years from now. If you have kids someday, is the house going to feel too small? You will save yourself a lot of time and effort from moving place to place by thinking into the future.<\/span><\/p>\n

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Some people believe they must have a certain feature in their next home, like a swimming pool. Credit: Pixabay<\/figcaption><\/figure>\n

44. Don’t Obsess Over Just One Feature In a Home<\/span><\/h2>\n

If you are very insistent on having one or two particular things in your future house, you are going to have a very hard time finding something that fits your every single one of your needs. For example, if you <\/span>must <\/span><\/i>have a wrap-around porch or a swimming pool, it could limit the possibilities in your home-buying search. Try to be open-minded, and remember that you can always add upgrades later after you settle down.<\/span><\/p>\n

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You don’t want someone to break their arm when they visit your house. Credit: Pixabay<\/figcaption><\/figure>\n

45. Look Out For Potential Liabilities <\/span><\/h2>\n

When you move into a house, there could be things about the property that may end up with someone getting sued or seriously injured. For example, are there dead trees that can possibly fall on your neighbor’s roof? Is there a rusty swing set in the backyard? Is the floor about to cave in? Calculate the cost of getting these things fixed, because they need to be dealt with almost immediately to prevent something terrible from happening.<\/span><\/p>\n

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If you have health issues, it is essential to live close to a doctor. Credit: Pixabay<\/figcaption><\/figure>\n

46. Check The Proximity to Health Care<\/span><\/h2>\n

Even if you are perfectly healthy, you never know if you will get sick or injured. Check for doctor’s offices that accept your insurance provider where you live, and make a test drive to the nearest hospital, so that you know where to go in case of emergency. If you or a family member has a pre-existing health condition, proximity to good health care can make a huge difference.<\/span><\/p>\n

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Be sure to research your options for homeowners insurance online. Credit: Pixabay<\/figcaption><\/figure>\n

47. Estimate The Cost Of Your Homeowner’s Insurance<\/span><\/h2>\n

It is a very good idea to get homeowners insurance when you buy a house, but make sure to ask the right questions about the policy with your insurance agent. For example, if a house is located in a floodplain, the insurance company might refuse to give you flood insurance, because they do not want to give you a payout. <\/span><\/p>\n

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Scope out the neighbors before you move into a new house. Credit: Pexels<\/figcaption><\/figure>\n

48. Scope Out the Neighbors<\/span><\/h2>\n

Normally, it’s not polite to stare, but you should try to pay attention to the type of people who live next door or on the same street. Your interaction with your neighbors makes a huge difference in the comfort and happiness of your new house. Some obvious red flags to watch out for are lawns that have not been cut in ages, old broken-down cars sitting in the yard, or any signs of anything dangerous like gang activity. <\/span><\/p>\n

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Keep your pets in mind when looking for a new home. Credit: Pixabay<\/figcaption><\/figure>\n

49. Don’t Forget Your Pets<\/span><\/h2>\n

If you have dogs or cats, this house will be their new home, too! Keep them in mind when you are looking at a potential neighborhood to live in. How easy or difficult would it be to walk your dog in the morning? If you don’t have a backyard, is there a dog park nearby for them to run around? Depending on how seriously you take your furry friend’s well-being, it may narrow down the options of where you can live. <\/span><\/p>\n

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When you are a home owner, you have to practically be a super hero to handle everything. Credit: Pixabay<\/figcaption><\/figure>\n

50. Be Prepared For Anything<\/span><\/h2>\n

Before you jump into the huge responsibility of buying a house, ask yourself if you are truly prepared for <\/span>the worst case scenario<\/span>. Do you have enough money saved to continue paying the mortgage if you lose your job for a couple months, or you need to have a surgery? What if you get a divorce? These are not nice things to think about, but it is better to have a game plan than to be caught off-guard. Too many people lost their homes in the 2008 recession because they were not prepared for the worst. It’s not good to dwell on the dreaded “what if”, but by preparing for anything, you can stay calm and enjoy your new home to the very fullest. Good luck!<\/span><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

For most people, buying a home is one of the ultimate financial goals you can achieve. And after the Great Recession of 2008, it is becoming more and more difficult for people to even reach a point where it’s possible to buy a house some day. Some people may even think it’s beyond their reach. […]<\/p>\n","protected":false},"author":23,"featured_media":10606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[153],"tags":[],"class_list":["post-10602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"lang":"en","translations":{"en":10602},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/posts\/10602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/comments?post=10602"}],"version-history":[{"count":17,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/posts\/10602\/revisions"}],"predecessor-version":[{"id":20010,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/posts\/10602\/revisions\/20010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/media\/10606"}],"wp:attachment":[{"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/media?parent=10602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/categories?post=10602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.moneyppl.com\/wp-json\/wp\/v2\/tags?post=10602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}