Are you considering looking for a house?

Not sure where to start your house hunting journey?

House hunting is one of those moments that we have all dreamed about. Who doesn’t get excited about the searching for their dream home?

The thing is, if you walk into the house hunting journey unprepared, you may soon find yourself a little lost and frustrated. In this article, you will find 3 things to do before you start your journey.

These tips will help keep your organized and on the path to finding your perfect home.

  1. List Your Priorities

Before you head out the door, sit down and make a list of what you want in your new home. recommends starting with writing everything down. Then choose 3 or 5 must haves.

  1. Decide on a Budget

Don’t let the b-word scare you. Figuring out how much of your income should go to your mortgage payment is a good thing.

According to “the golden rule” is that your mortgage payment should not exceed 28% of your gross income.

When you include your mortgage, homeowner’s insurance, and private mortgage insurance (PMI), association fees, and property taxes, recommends that your mortgage should not exceed 32% of your gross monthly income.

According to an article by Forbes about new qualified mortgages, your total debt-to-income ratio cannot exceed 43%. Total debt includes car loans, student loans, and credit cards.

MoneyUnder30 recommends sticking with the “Rule of 40”. This means that you should keep your debt to income ratio at 40% or lower.

  1. Break out the Spreadsheets

One great way to make sure the home you are looking at has all that you want, is to make a list of priorities and develop what calls a “comparison chart.”

When you are looking at multiple homes, it can be easy to forget which is which and what is what. That is why creating a “comparison chart” is so helpful.

Use a spreadsheet or keep it in list form for your comparison chart. Start with your 3 or 5 must haves. Here is a list of other things to include in your comparison chart:

  • Price

  • Square footage

  • Number of Bedrooms

  • Number of Bathrooms

  • Lot size

  • Condition of the roof

  • Condition of the exterior of the home

  • Landscaping

  • Storage space

  • Location to work and schools

  • Your emotional feel of the home, and

  • A place to take notes on what you liked about the home and what you didn’t like.


Take your comparison chart with you to every home you look at and take notes. You may even consider asking the real estate agent if you can take pictures of the house bring back home with you.

Shopping for your dream home should be exciting and fun. When you are ready to start your home finding journey, please give our office a call. 


Would you like to find out what it takes to qualify for a mortgage? Please see: What Determines if You Qualify for a Mortgage?