Buying a home is a big moment. On average you are going to spend up to $500,000. Therefore, it is important that you purchase something that you are going to enjoy living in now and in the years to come. Let’s take a look at the three things that you should focus most on when shopping for real estate.
Know How Much You Can Afford
You should never spend more than you can afford even if you spend less than you can borrow. A bank will let you borrow as much as you can qualify for as opposed to what you can afford. For instance, if you are approved for a $200,000 loan but your budget is $150,000, don’t spend more than $150,000 just because you can.