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10 Things to Consider Before Buying Your First Home


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Job
If a long commute is something you just can’t stomach and you feel your job is fairly stable, you’ll want to focus your home search to areas near your work. © alexandragl1/iStock/Thinkstock
If a long commute is something you just can’t stomach and you feel your job is fairly stable, you’ll want to focus your home search to areas near your work. © alexandragl1/iStock/Thinkstock

There are a couple of things related to your job that are important when you're thinking of buying a house. First, how stable is it? Have you had your job for at least a year? Do you see yourself staying with the job for the next few years? These are things a lender will look at and talk to you about before making a loan.

The second thing to consider is your commute. Does it matter to you how long it is? Does it matter to your partner? If you choose a house close to work and then either lose your job or take a job in a different area, is that still a place you'd be happy to live? Maybe you work from home. If so, do you need dedicated space for equipment, computers or a phone? There are no right or wrong answers to these kinds of questions. Just think seriously about them, and talk to your housemate about them as well, to find the right answers for your situation.


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