If you are looking into single family homes for sale, it definitely should not be done without having your priorities in order. Otherwise, during the process of looking for a home, you can waste a good amount of time looking at homes that don't fit your needs. This can lead to frustration, which is definitely something you want to avoid as much as you can during the home buying process. Here are three priorities you need to get in order to make the process run a bit more smoothly:
The Price: First off, you should get pre-approved for a loan. This is going to tell you how much you can actually afford. However, you also need to keep your monthly budget in mind. If the amount you are pre-approved for exceeds what you can afford each month, then you know you need to stay under that.
You also need to include maintenance costs to ensure that the home is also going to be affordable enough for you to maintain. Starting with price first, you are going to be able to move onto other things, such as features, which may need to be limited depending on what you now know you can afford.
The Features: Next, you want to decide what features you are looking for in a home. The best way to do this is to create a list of must haves versus what you would like to have. Must haves include the number of bedrooms where as the would like to haves could include a pool. When you separate the list, you can also go over your would like to haves to determine what you might be able to afford based on the price, then you can look at homes only with these features.
The Location: Finally, you want to be sure that you are looking in a location you are happy with. With your budget in mind, you can eliminate some of the neighborhoods that might be too costly so that you can focus on neighborhoods you can afford. This way, you aren't wasting time looking at homes and a neighborhood you aren't going to be able to afford anyway.
When you know what three priorities you need to have in order, you can jot it all down and go over it with your real estate agent. This way, you are looking at homes on the market that truly fit everything you need.