Gulf South Real Estate Information Network

BUYING- TIPS

 
TOPICS:   Getting Started with the Home Purchase Process
    Financial Considerations  •  Your Credit Report  •  Type of Home
    Size of Home  •  New Home  •  Existing Home  •  Using an Agent
Basic Steps in the Home Purchase Process
    Find an Agent  •  Find a Home  •  Understand Contract  •  Make an Offer
    Conduct a Home Inspection  •  Obtain Financing  •  Go to Settlement
 
Size of Home

When looking to purchase a house, people often become infatuated with a home that is not quite suited to their needs. It is either too small, too large, or in a location that is not the most convenient. So how do you determine what size house you need?

Colonial HomeOf course the biggest concern is price. You should look over your budget carefully and research the market as well as the neighborhood. It is also a good idea to meet with your banker or financial advisor to see what you can really afford. You should then think about what aspects of a house are most important to you.

How many bedrooms or bathrooms will you need? Do you need a basement or an attic? Will you want a front yard, a back yard, or other amenities? What type of home are you looking for; a house, townhouse, or condominium? These are just some of the types of questions to consider when deciding what size home to buy.

Another important question is what are your plans for the future. Are you single and planning to stay that way or are planning on starting or growing your family? Knowing the answers to these questions in advance will not only help you determine the size of home you need, it will also save you time and money in your home buying process.

 
 

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Copyright © 2008 New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
IDX: Data courtesy of Internet Data Exchange Participants of Gulf South Real Estate Information Network.
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