YOUR FOUNDATION · HER WALK IS
Five questions before choosing your first home.
Start with the life you want to build—and the numbers that make it possible. These five questions help you narrow your search before you fall in love with a property.
What monthly cost can I comfortably afford?
Set a budget for the whole cost of ownership: mortgage principal and interest, property taxes, homeowners insurance, any mortgage insurance or association fees, utilities, and maintenance. A lender’s maximum is not automatically your comfortable budget.
Your next step: Write down a monthly limit that leaves room for savings and your other priorities.
How much cash will I need—and what will I have left?
Plan for the down payment, closing costs, inspections, moving, and immediate repairs. Keep a reserve for unexpected expenses after closing. Ask your lender for estimates specific to your loan and property.
Your next step: Separate your purchase funds from your emergency savings.
What financing am I ready for?
Ask a lender to review your income, credit, debts, and available funds. A preapproval can help establish a search range, but it is not a final loan guarantee. Compare lenders and ask which loan options fit your circumstances.
Your next step: Ask what has been verified, what is still needed, and when your preapproval expires.
Does this home fit my everyday life and future plans?
Consider your commute, space, accessibility needs, parking, upkeep, and how long you expect to stay. Visit the area at different times and check travel times yourself. Separate essential features from preferences.
Your next step: Choose three must-haves and three things you can compromise on.
What condition is the home in—and what could repairs cost?
Look beyond fresh paint. Arrange an independent home inspection and ask about the roof, heating and cooling, plumbing, electrical systems, and signs of water damage. An appraisal considers value; it does not replace an inspection. Get qualified repair estimates before deciding what you can take on.
Your next step: Review inspection findings and contract deadlines with your real estate team before committing further.