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Introduction
Preparing for Homeownership
Buying a Home
The First Year
Paying Your Mortgage
Homeownership
Home Equity
Your Money
Glossary

Chapter 2 - Buying a Home

Buying a Home In this chapter, you'll learn about the process of buying a home. Topics covered will include mortgage types, getting a loan, home inspection and closing.

Decide What You Want From Your Home
Your housing search will be more efficient and focused if you think beforehand about what you want. Features to consider include:

  • Price
  • Number of bedrooms and bathrooms
  • Square footage
  • Layout
  • Type of home (such as single family or condo)
  • Location
  • School district
  • Safety
  • Noise
  • Whether unpermitted work was done for repairs or renovations that require a permit

Whether your budget is limited or not, you may not be able to get everything you want. Think about what is most important. You may not be able to get a pool and four-car garage, but if you have three children, you probably do not want a one bedroom, one bathroom house.

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