Buying a new home is one of the biggest financial decisions you will ever have to make. Here are some things you should consider before buying.

Don’t do it alone, because if you don’t, you won’t have anyone else on your side. Going through a realtor when it comes to purchasing your new home will save you more headaches and potentially more money in the long run. Realtors know what to look for when it comes to reasonable costs within the market and has your best interests in mind. With a realtor or real estate team on your side, it will ensure you will not be taken advantage of by sellers and reaffirm that what you are buying is a smart, profitable decision.

Consider your current status. Then consider your future status. While it is hard to think about what you are even going to have for dinner tomorrow, it is important you take the time to consider what it is you want in your future and what that would mean for the house you want to buy today. Are you planning on getting married? Starting a family? Having pets? Switching jobs? Retiring soon? This will be a huge factor in considering your potential new home and its ability to fit your needs.

Location, location, location. Home is where the heart is, and you want to make sure the place you are going to be spending a lot of time is in a spot where you find comfortable. Everything from your commute to work, local schools, country vs. city life, amount of neighbors and the state of the neighborhood will most likely be a factor in choosing between houses. Focusing on a certain area where you would like to be can help narrow down tougher decisions.

The cost. Like we said earlier, buying a home is a great financial decision and serious commitment. Make sure that you aren’t looking into homes that you know will hurt your wallet come time for monthly payments or you won’t be able to keep up with in the future. Consider what you are buying, the work that may need to be done and how much the mortgage payments will cost. A lot of lenders say you should consider that about 28-33% of your gross income is what you can afford on your housing costs – mortgage, taxes, and insurance.

Let it bring a smile to your face! Buying a home is one of the most exciting times of your life. If it is something that worries you more than excites you, then it may not be the right time or house for you.