What are the top 3 factors that need to be considered when purchasing a house?

7 Factors to Consider When Buying Your First Home

• Understand Your Monthly Costs.
• Keep Your Eye on Interest Rates.
• Commute Times Are Key.
• Get Educated about Local Schools.
• Check Out Local Community Life.
• Take Noise Levels into Account.
• Get an Experienced Real Estate ‘Advocate’
• Enjoy the Home Buying Process.

What do I need to know about buying a house in USA?

What to Know When Buying a House

• Know your credit score.
• Have a lender pre-approve you before shopping.
• Shop the lender before getting a mortgage.
• Know every expense before buying a house.
• Know what you want.
• Work with a skilled Realtor that knows your area.
• Understand the actual value of any property you are buying.

What is the most important factor when searching for a home?

The three most important factors when buying a home are location, location, and location.

What are the most important financial issues that people should consider when buying a home?

10 Financial Considerations When Buying a Home

• Do Your Research.
• Consider How Homeownership Builds Equity.
• Factor in the Overall Cost.
• Take a Closer Look at Your Credit Score.
• Review Your Mortgage Details.
• Assess Property Taxes.
• Prepare for Possible Income Tax Implications.
• Invest in a Home Inspection.

What are the six main factors to consider when choosing a house?

Before you get started look at these insider tips nobody tells you about buying a home.

• The neighborhood and surrounding area:
• Lot location and size:
• The age of a property:
• Your ideal home style:
• The right amount of space:
• A layout you love:
• The potential for future projects:
• Costs that make you comfortable:

What do you put down on a house?

Typically, mortgage lenders want you to put 20 percent down on a home purchase because it lowers their lending risk. It’s also a “rule” that most programs charge mortgage insurance if you put less than 20 percent down (though some loans avoid this).