Everything You Need To Consider Before Buying a New Home


Becoming a homeowner is something to which just about everyone looks forward. Few things offer the same feeling of satisfaction and accomplishment as removing the for-sale sign from the front yard and receiving the keys to your first home. If someone could bottle that feeling and sell it, Shaq would endorse it, and it would sell like hotcakes.

As exciting as getting a new home is, there are a lot of things you need to know about the home buying process before you start purchasing furniture and home decor. When you make the decision to buy a new home, it’s merely the beginning of a long, trying journey. Continue reading to learn the most important factors to consider before buying a home.

Most mortgage lenders will require you to have homeowners insurance to protect your and their investment from disaster.


For most people, a house is the most expensive purchase they’ll ever make. Could you imagine spending most of your adult life paying for a house, and then losing your home and all your belongings to a natural disaster or house fire? Homeowners insurance is the only protection you have in the case of such an event. In fact, most mortgage lenders will make provide them with proof of homeowners insurance before they’ll give you a loan.

Home insurance protects not only your investment, but it protects the lender as well. If a disaster destroys your home, there will be no impetus for you to repay the lender. Therefore, homeowners insurance gives peace of mind to both the homeowner and mortgage lender.

Do your homework to find the best homeowners insurance policy.


Depending on the region, homeowners face different threats. It’s important for you to get enough coverage to protect your home if and when disaster strikes.

The value of your home and the level of the threats it faces determine how much coverage you need. If you live in an area that has frequent hurricanes, earthquakes, or wildfires, you’ll need extra coverage to ensure your new home and belongings have protection against as many causes of peril as possible.

With an online home insurance compare tool, you can make sure you make the best choice for the type of insurance policy and company that’s best for you and your family members. Be sure to compare everything from premiums and deductibles to types of coverage.

If you have furry friends, you have to make sure the home is suitable for them as well.


Prospective homeowners who are also pet owners often underestimate the importance of shopping for a pet-friendly home. You may not be able to find perfect conditions for your furry friend, but the less work you have to do to animal-proof your home, the better.

If you have cats, you may want to consider not buying a home with carpet or ripping up the carpet after you buy your new home. Carpet is notorious for trapping pet hair and odors, but having hard floors makes it much easier and less stressful to clean up after your furry friends. To get more helpful tips for making your home pet friendly, visit katieemilybray.com.

Even with a mortgage loan, you have to make a down payment.


The moment you decide you’re ready to buy a home, you need to start saving for your down payment. Even though lenders usually only require between a 3% and 5% down payment, that small percentage of hundreds of thousands, or millions, of dollars is still a lot of money. With that being said, you should expect your down payment to be at least $10,000.

The best way to make sure you reach your savings goal is to create a savings account solely for your down payment. It may take a year or two for you to reach your goal, but that’s one of the reasons why becoming a homeowner is such a rewarding feeling.

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