A Newlywed’s Guide to Buying a House

The summer is traditionally a time for weddings. This means that more and more couples of considering home buying. As a newlywed couple, it is important to consider some important factors if you have decided to purchase your first home together.

Prioritize – Together, you and your spouse need to determine what is most important in a new home. You will want to discuss what is important to each of you and then make decisions on what the most important items you will want to look for in a house.

Finances – As you begin your life together as a married couple, it is important to make certain that you have a clear financial picture. This means being honest about your financial situation with your mate. Buying a house together means comingling your finances. Once you have married, your credit status will affect each other so it is important that each of you understands the financial situation of your mate. Discuss finances and begin to prepare for a home purchase by saving for a down payment and getting a clear understand of how much house you want and can afford together. Developing a good budget is an excellent first step.

Negotiate – Once you have found a house you both are interested in, it is important to be ready to negotiate. If you can find needed home repairs or want to move in by a certain time, it is a good idea to negotiate these things with the seller. You may be willing to take care of some of the repairs for an earlier move in date or you may want to take care of some of the closing costs in return for the sellers vacating the premises early.

Communicate – Communicate with each other and with you real estate agent. You want to make sure that you are clear about your priorities and your price range to your real estate agent and be certain that you and your spouse are discussing the pros and cons of each house you view. You want to be happy with your decision. Discuss your long terms plans, will you be living in the house for a while? Are there plans for children right away? Is it a good commuting distance from your workplace? Is the neighborhood in a good school district? These questions should be discussed by you and your spouse before making any sort of final decision on a house.

Buying a house for the first time together can be exciting; however, it can also be taxing if you are not prepared and do not communicate. Make sure you are prepared for house-hunting and are ready to discuss the homes throughout the process. Good preparation and open communication are the key to you finding the home of your dreams.

View a few homes under $200,000 in Boise, Idaho that are current and up to date provided by IDX/IMLS.