Before you browse listings, you must understand your true purchasing power.
: You can renovate a dated kitchen, but you cannot move a house. Research school districts, commute times, neighborhood safety, and future development plans for the area.
: Never waive a home inspection to speed up a deal. A professional can uncover structural issues, mold, or failing systems (HVAC, roof, plumbing) that could cost you thousands in repairs.
: Budgeting for just the mortgage is a common mistake. You must account for property taxes , homeowners insurance , private mortgage insurance (PMI) if putting down less than 20%, and closing costs —which typically range from 2% to 6% of the purchase price.