DETERMINE WHAT TYPE OF HOME YOU WANT TO BUY
There are several forms of home ownership: single-family homes, multiple-unit properties, condominiums.
One home per lot. Parcels can range in size
Some buyers lean into multiple-family dwellings, so they'll have rental income to help with their costs. Many mortgage plans, including VA and FHA loans, can be used for buildings with up to four units, provided you intend to occupy one of them.
With a condo, you own "from the walls in." You also own a certain percentage of the "common elements" - staircases, sidewalks, roofs, etc. Monthly charges pay your share of taxes and insurance on those elements, as well as repairs and maintenance. A homeowner’s association administers the development.
DECIDE WHAT AGE AND CONDITION OF HOME YOU WANT TO PURCHASE
Weigh your needs, budget and personal tastes in deciding whether you want to buy a newly constructed home, an older home or a "fixer-upper" that requires some work.