Check zoning laws if you plan to add on later. 🛠️ Long-Term Costs Property Taxes: These can fluctuate and increase annually.
Aim for 20% to avoid private mortgage insurance (PMI). what to consider before buying a house
Before you start touring properties, evaluate these key areas to ensure you are ready for the commitment. 💰 Financial Readiness A higher score secures lower interest rate. Debt-to-Income (DTI): Lenders prefer a DTI ratio below 36%. Check zoning laws if you plan to add on later
Are you planning to buy a or a fixer-upper ? what to consider before buying a house