Included are your needs and wants, your financial situation, home financing options, and the selection of a lender. A home purchase may be an individual decision or a family decision. The individual decision process may be somewhat simplified compared to the family purchase, but each requires the buyer to think about current and future needs and wants. The family that expects to grow needs to consider the additional space another child will require. In addition to expectations concerning space, a buyer should consider the features of the home.
Location is an important factor.
Busy lifestyles make the location decision extremely important. Concerning the features of the house itself, a buyer must decide if a particular exterior is preferred, keeping in mind the expense and effort required to maintain that exterior in addition to how it looks. Keep the flow of people in mind when making these decisions. Having people bumping into each other and waiting for a room to be vacated can make your future guests claustrophobic. After these decisions are made, it is wise to think about what you can afford, based on your income and financial situation.