What to Ask Yourself When Buying a Home

open house sign in front of houseWhat to ask yourself when buying a home? Whether or not you are a first-time buyer, a lot is on your mind when considering a home purchase–from city, to neighborhood, to schools, to proximity to your other most-valued daily conveniences.

Here are 15 top questions to ask yourself when preparing to buy a home:

1. Is my income reliable and I will be able to afford the monthly mortgage?

2. What is my credit score?

3. What size down payment am I able to make?

4. Which mortgage lender do I want to use?

5. Do I need mortgage insurance?

6. What are my top priorities for my future community?

7. What home features are on my must-have list? What can I do without?

8. What are current home price ranges for the areas in which I want to live?

9. Do I want to purchase an existing home or a new home?

10. In which towns or neighborhoods will I focus my search?

11. How much will I pay in property tax? (This should be part of the listing information on homes you visit.)

12. From which company will I purchase home insurance and what are the rates?

13. Is the home I’m considering at risk of being impacted by natural disasters?

14. Who is my preferred home inspector?

15. How many years do I plan to live here?

What questions do you ask yourself when shopping for a home? Join the conversation in the comments section below!

11 Comments

  1. This is a great list of questions for home buyers. My wife and I want to buy a home soon, so we want to make sure we are prepared. I like that you mentioned to make a list of must-haves and what you can live without. That will make the process of finding a home much easier. I will make sure to do that.

  2. I have been renting a place for quite a while, but I would love to buy a home, but I have never bought a home before. That is a good idea to make sure my income is reliable enough to afford a monthly mortgage before I consider buying a home. I would want to make sure I could afford it comfortably before I buy. Thanks for the tips!

  3. I think that is a good idea to ask what my top priorities for my future community would be when looking for a home. I would want to live in a good community that has some amenities nearby. Thank you for listing all the questions I should ask myself when buying a home. It really got me thinking!

  4. Thank you for the post on what to ask yourself when buying a home. I definitely think you need to consider if you can safely and consistently pay your monthly mortgage. you may love the home but if the mortgage payments are too much or if you have an unstable job you might want to look for something cheaper.

  5. My wife and I are wanting to buy our first home together this year, so thanks for sharing this. I like your point about asking what features are on your must-have list and which you can do without. This sounds like a great way to narrow down our choices and find a house that meets all our needs.

  6. I like how you mentioned asking yourself how large a down payment you can make. My husband and I are planning on buying our first house, and we want to make sure that it’s a viable option for us. We’ll definitely take a look at our finances and see how much of a down payment we could afford.

  7. I have been planning to buy a new home for a while now since my family is growing. Though I do not know the things that are important for me to consider. That is why I appreciated you mentioning asking myself if my monthly salary is enough to pay for the mortgages. It got me because budget really is my problem. Maybe I should look for a new job before I proceed. Thanks!

  8. I found it interesting when you said that it is imperative to ask myself about my priorities for my future community. I have been looking for a new house, and I have been focusing on the cost too much that I forgot to ask myself this very important question. I realized that considering the environment is a big factor in buying a house, especially, if you think of your security too much. I am looking for a broker that can help me find my dream home, and I will surely list my questions down. Thanks for the great read!

Leave a Reply