Home Search Checklist
Buying a home can seem overwhelming, especially if it’s your first. Taking advantage of favorable market conditions often means acting fast to evaluate many different properties in a short time.
Since you might look at dozens of potential homes in a month, it can be difficult to keep all the details straight. Weeks may pass during your search, making it hard to recall what you need to know to make a decision.
Before you visit your first property, it’s a good idea to develop a checklist to help you evaluate each one. Checklists allow you to get your thoughts about each property down on paper and compare them easily in the future.
A Checklist Helps You Find Your Ideal Home
Checklists are used in all kinds of situations, and have even been shown to reduce the potential for mistakes in the operating room! It makes sense, then, that you should consider using a checklist to see how potential homes stack up against your priorities.
The Department of Housing and Urban Development provides a free worksheet that allows you to quickly “check off” information about a home’s layout and condition, the neighborhood, nearby schools, and other community features.
This is a great place to start, but you might also consider making a customized checklist that reflects your own needs and preferences. Make sure that each checklist you use is identical and that you can “rate” different aspects of a home in a way that will make sense later.
Making Use of Your Checklist
Once you have your checklist all prepared, each member of the household should bring a copy to every property visit. While reviewing a potential home, it’s a good idea to take each item in sequence and do one thing at a time.
Your checklist will probably include details about the surrounding neighborhood, so be certain to make time to drive or walk around the area after you’ve seen every room of the property. Some features, such as schools and hospitals, might require online research to “score” accurately.
Be sure to save your completed checklists somewhere convenient so that you can compare them easily in the future. If multiple people will be evaluating each property, it’s a good idea to write each one’s name at the top of the checklists they filled out.
A checklist helps make the home buying process easier, faster, and more convenient. Don't forget it!