When you are thinking about buying a house, there are a lot of things to consider – both financial and emotional. It is probably the biggest purchase you will make in your life. As such, you should take the time necessary to make sure that you are fully comfortable purchasing a house.

Financial Considerations

There are a lot of financial considerations necessary when buying a house. The biggest is whether you are comfortable affording the mortgage payment. You should use a mortgage calculator to run the costs, and see what you are comfortable with.

Next, you should look at what it will cost to insure the property, as well as check into property taxes and possible association fees. All of these can add up quickly.

Finally, you may even ask to see the utility bills to get a ball park of what you’re going to pay in the house. An older home may cost more to heat and cool, and if it has a pool, count on at least another $100 per month.

Emotional Considerations

From a personal perspective, you want to make sure that you are truly happy with the home you are purchasing. You should visit the house at different times of day – morning, noon, night, late. This will give you a good example of the house and the neighborhood at different times. You may even try to commute to work from your potential house to get a sense for how it will work every morning and night.

Also, you should search the internet for your street and neighborhood. This could bring up any potential political issues affecting your new neighborhood – such as future rate increases for utilities, problems with neighbors, of even crime trends.

Finally, really look at and try to know your neighbors. Are they keeping up their houses? Are they planning massive remodels that will block your view and make your house look puny? All of these things could affect your standard of living in your new house.

Remember, a house is a huge investment, so make it count.

This is a featured post on behalf ofĀ Emortgage Calculator.