When you look at your potentially new home, you’ll want to check and see if you can fit your furniture in the way you want. A lot of homes these days are configured so that the furniture will only fit in one position. Often times, this leaves a television or other device in a weird location, sometimes making your furniture nearly impossible to fit through the doors. This is surely something to bear in mind, as you certainly don’t want to have to buy entirely new furniture.

You’ll also want to be sure that you get the right home for yourself and your family. Even though you may be a young couple now, you may want to get a house with enough room in case you decide to have kids later on down the road. If you don’t get a big enough house and end up having to move, you’ll find that moving with kids is a hard task indeed. If you have babies when you move, you’ll find moving to be even more difficult.

Once your children start to leave home, you may want to look into getting a smaller house. The choice is entirely up to you, and what will work the best for your needs. Anytime you purchase a house though, you’ll want to think about the size of your new home and consider the future needs of your family as well. This way, you’ll have everything covered for years to come and won’t have to look into getting a new home.

You may also want to look at any extras as well. Things like a pool and a hot tub may be a great thing to have, although you should look into the money that regular maintenance will cost you as well. There are a lot of things that may be great to have along with your home, although you should always look at long term costs before you purchase.

Location is also something you’ll need to consider as well. Some prefer to live out in the country, while others prefer the city life. Some prefer to be close to stores and such, while others prefer to be miles and miles away. The location of a home is very important, and in most cases will have a big impact on the price. Living in the city will cost quite a bit of money, although a home out in the country can cost just as much if there is a lot of land included with the property.

Whenever you decide to buy a house, there is a lot of things that you’ll need to consider. Buying a home is no easy feat, with a lot of things you’ll need to decide on. If you give yourself enough time and plan out your budget and the type of home you want, you’ll have plenty of time to make that very important decision. You never want to rush the process, as you could end up with a home that is less than perfect. If you take your time and look at several different houses, you’ll end up in your dream home before you know it. For a buyer’s guide go to: Buying A Home Guide

First Time Home Buyer Mistakes… and How to Avoid Them

First Time Home Buyer Mistake #1 – Buying too fast.

Nobody will argue that buying a home for the first time is extremely exhilarating. Unfortunately, this excitement may cause you to rush the buying process and thus make too many costly mistakes. For instance, it’s quite easy to be mesmerized by the features of any one home because the thought of ‘owning’ it is invigorating. The downfall, is that you may end up with a house that doesn’t suit you in the long run.

Prevent this by keeping your options open. See as many homes as you can before committing to THE one.

First Time Home Buyer Mistake #2 – Chasing the ‘dream home’.

Although it’s not wise to rush the home buying process, it’s also foolish to keep holding out on houses you see because you want the ‘dream home’. Remember that for each house you say ‘no’ to, a buyer is right behind you who may want to snatch it up. In the end, your search for that ‘dream house’ will never end.

First Time Home Buyer Mistake #3 – Stretching your budget to its limits.

Again, because the prospect of owning one’s first home is so exciting, many throw caution to the wind and buy a house that frankly, they can hardly afford. The result is that the mortgage payments are so high there’s hardly any disposable income left. And what good will a big, beautiful house do if you can’t furnish it well, or worse, if you find yourself trying to scrimp on basic things like food and clothing just to meet mortgage payments?

First Time Home Buyer Mistake #4 – Not getting pre-approved for a mortgage.

Getting pre-approved for a mortgage is good for you in two ways: firstly, you get to realize just how much house you can really afford as well as how much monthly mortgage payments will be, and secondly, pre-approval means you’re prepared, organized, and ‘ready to buy’. The latter makes you a good candidate for home sellers should you find yourself in competition with others for buying the house.

First Time Home Buyer Mistake #5 – Not shopping around for the best mortgage deal.

It’s important to compare mortgage offers from different lenders. If you do your homework, it’s not impossible to end up with hundreds of dollars in savings monthly in mortgage payments.

Buying a house for the first time is thrilling. Prevent it from becoming a nightmare by avoiding the first time home buyer mistakes we’ve outlined above. For a guide for buying your first home go to: Buying Your First Home

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers

Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Will the Credit Be?

The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:

The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.

The buyer’s income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.