For some home buyers, it can be hard to find the one house that fits your wants and needs simultaneously. But while this can be a challenging problem to have, if you’ve ever been in love with two different houses while shopping for your new home, you know just how difficult it can be to have the opposite problem as well.
So if you’re having a hard time choosing between which of multiple homes you should make an offer on, here are three things to consider when you can’t decide on which home to buy.
Don’t Stretch Your Budget Too Far
One factor that you’ll want to give a lot of weight when buying a new home is how each property will fit within your budget.
According to Amy Fontinelle, a contributor to Investopedia.com, if one of the homes you love is out of your price range or would stretch your budget too far, that’s likely the one that you should pass on. Even with a great interest rate on your mortgage loan, a home at the top of your budget has a very good chance of being more than you can afford, especially if unexpected repairs, maintenance, or other costs pop up during inopportune times, which they always will. So if all other things are equal, you may want to go with the home that you know you can afford.
Think Ahead Five To Seven Years
Sometimes, a home you love now actually won’t be the best home for you to grow into the future in. Because things can change in your life in just a matter of years, you should spend some time thinking into the future if you’re having a hard time picking a home.
To help you with this, Marilyn Lewis, a contributor to Money Talks News, recommends thinking about five to seven years into the future when you buy a home. During that time, you might have more kids, get a pet, try for a new job, take up a new hobby, or something else that would require different things from a home. So if you can see any of these things on the horizon, make sure the home you pick now will make these adjustments easier rather than harder.
Imagine How You’ll Fill The Space
According to Elizabeth Weintraub, a contributor to The Balance, one sign that you’ve found the home that you’re meant to live in is if you start envisioning where you’ll place your furniture and how you’ll fill the space of the home. So if you can more easily imagine your life in one home than the other, that might be the home for you.
If you can’t decide between two great homes to purchase, consider using the tips mentioned above to help you in making this all-important decision.