Buying your first home can be an emotional blur. You may feel excited, nervous, or even scared that things will not turn out the way you have planned. You have to shop through mortgages, find a house meeting at least 90 percent of your “desired amenities” and conduct all the necessary inspections. However, the most important thing to consider is your future. Here are a few questions you should ask yourself before committing to just any beautiful house.
You may feel like you have job security now, but the job market is highly volatile. If you lost your job the day after you moved into your new home, would you be able to find another job that you loved just as much, which didn't require a two-hour commute? That Jack-and-Jill sink and spacious kitchen aren't going to sustain your sanity on that daily drive. The last thing you want is for your spectacular new home to become your beast of burden. That is why you must get a feel for the job market before settling on a house. Search for companies in the area with open positions in your area of interest.
What about the kids?
At this stage, you may not have any kids, or you may only have one. However, how many will you have when it's all said and done? A medium-sized, two-bedroom bungalow may seem cute and cozy, but a couple kids later, it will be more like a closet. You should definitely have the “kids talk” with your significant other before purchasing your new home. If you two decide you want three kids, a four-bedroom house is probably your best bet, as it leaves room for error. If you end up with four children, you still won't be too cramped, and if you only have two, you can make the extra room a new office, library, or exercise room.
What is the school district like?
Yes, yes, the hypothetical children again. Everyone wants what is best for their children. Sadly enough, just because you live in a nice neighborhood doesn't necessarily mean that it has an excellent school system. Before picking a house, meet with the superintendent of its school district. Maybe take a tour, talk to a couple teachers, and research test scores. It's never too soon to begin investing in your children's educational future–even if they don't yet exist!
Don't let your emotions get the best of you when buying a new home. Stay calm, and ask yourself what's really important, before you take the leap.