Things To Do And Know Before Buying A House

You don’t have to be a real estate mogul to buy a house, but you do need to know a few things about yourself and the homebuying process. Here are some things to consider when purchasing a home. 

things to do and know before buying a house

Your credit rating 

This three-digit number can make or break your ability to obtain a mortgage and will influence the interest rates you are eligible for. Knowing your credit score offers you an idea of where you’ll stand with lenders and whether it’s a good idea to concentrate on improving your credit before applying for a mortgage. Higher credit scores qualify you for reduced interest rates.

How much house can you afford? 

Keep your housing expenses to no more than 28% of your monthly gross income. That implies your monthly mortgage, property tax, and homeowners insurance payments should not exceed that amount. When assessing how much housing you can buy, you should also examine your total debt-to-income ratio, or DTI. Your DTI is the percentage of your monthly gross income that goes toward debt obligations such as housing, automobile, student loan, credit card, and other debt payments. A desirable DTI for mortgage qualification is 36% or below. Lower is better for being able to budget for things like emergency bills and comparing home loan offers.

The status of your neighbourhood’s real estate market 

To learn about home pricing, demand for homes, and inventory of properties for sale, visit listing websites and consult market data from your local real estate agents. This can give you an indication of how much competition you’ll encounter when making offers to sellers and what prices are in your area. Another option is for a new build or even designing your own with Bellriver Homes.


The amount of space provided by any property is one of its most crucial features. When looking at a home, try to look past the décor and imagine how each room could function for you – how you could remodel it, change the layout, and use different locations in your everyday life. You may want to start a family one day, downsize to a smaller property to retire, or move again in a few years, so any home you choose must be adaptable to accommodate your changing needs, or have resale value in a desired or up and coming neighbourhood – so that the option to sell is always available to you.


The usage of space in a home may vary over time – rooms may become multi-functional, or you may want to convert a space into a home office, a gym, or another bedroom, so consider how adaptable the space is before purchasing. Open-plan living is becoming increasingly popular as a desirable asset in any house since it allows the space to be used in a variety of ways and can be readily altered over time.

Outside area 

A garden, patio, balcony, or communal courtyard are all valuable features of any property. Choosing a home with access to outdoor space offers numerous advantages, as being close to nature is proven to alleviate stress and can be beneficial to both physical and mental health.

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