Before you begin your house hunting, get a clear understanding of your joint financial situation. Look at your savings, income, and debt to determine how much house you can comfortably afford.
Are you planning to start a family? Do you anticipate a job change? Consider your long-term goals and how they might influence your needs in a home. Make sure your new home aligns with your future plans.
From location and square footage to number of bedrooms or proximity to work, identify your must-haves. Having a clear idea of what's important to both of you will streamline your home search.
Chicago is diverse, with each neighborhood offering its unique charm. Research potential areas thoroughly, considering factors like commute times, schools, amenities, and community vibe.
Remember that homeownership involves more than a mortgage. Factor in costs like property taxes, homeowners insurance, HOA fees, and maintenance costs when calculating affordability.
Get a grasp of the current state of the Chicago real estate market. Understanding whether it's a buyer's or seller's market can inform your strategy and expectations.
Navigating the real estate market can be complex, especially for first-time homebuyers. Working with a trusted real estate agent will provide expert guidance, market insights, and peace of mind. Buying a home is a significant step, especially for engaged couples starting their journey together. With these considerations in mind, you can make a more informed, confident decision about your first shared home.
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