Build a Plan of Action Before Searching for a Home

Buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. Is important to anticipate the steps required to successfully achieve one's housing goal and to build a plan of action that will get you there. Before building a plan of action, take the time to lay the groundwork for your personal decision making process.

First, ask yourself how much you can afford to pay for a home. If you're not sure on the price range, find a lender and get preapproved. Preapproval will let you know how much you can afford so that you can look for homes in your price range. Getting preapproved helps you to alleviate some of the anxieties that come with homebuying. You know what you qualify for and what rate to expect, you know how large your monthly mortgage payments will be, and you know how much money you will have to put toward the down payment. Once you are preapproved, you avoid the frustration of finding homes that you think are perfect, but are not in your price range.

Second, ask yourself where you want to live and what is the best location for you and your family. Some things to consider are:

1. convenience for all family members
2. proximity to work, school
3. local transportation
4. proximity to retail and grocery stores
5. city and state parks that are nearby
6. types of homes in neighborhood, for example condominiums, town homes, new construction, existing homes

Before you know it, you will be ready to hit the ground running in your search for a new home!