You’ll likely never spend more money in your life when you buy a house. It’s no wonder so many people look for good home buying tips. This is an investment that you’re committed to for the next few decades, so you want to get the most out of it.
Allow Some Wiggle Room
Just because a lender approves you for a certain amount on your loan doesn’t mean it’ll be a comfortable figure. You must factor in short-term costs such as furnishing the home and making necessary repairs. You don’t want to be at a point where you’re merely breaking even every month.
Don’t Be Afraid To Shop Below Your Approved Amount
Whatever amount at which the lender qualifies you, look for homes below that range. Shopping $10,000 or so under the approved amount should still yield plenty of appealing options.