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Buying a home is fun, exciting, and nerve-wracking all at the same time. There are many ins and outs to understand. Trying to comprehend everything at one time is easier when it’s broken down into sections. There are the 4 L’s to remember: the land, the layout, the location, and the logistics. Knowing these will help keep you grounded throughout the process of choosing a home that is right for you and your family. Buying your first home will be an experience you’ll never forget, and keeping the 4 L’s in your mind as you go through the process will give you confidence that you are making right decisions.

1. The Land Needs of Your Home

When you think of ‘the land’, think of the property surrounding the home. Is it a small lot or does it have acreage? How much maintenance will it require and is it physical maintenance or financial maintenance? Does your area have good drainage? Are there any potential hazards? Does the yard have plenty of space for your children and pets? Does the land have too much to keep up with for your lifestyle? Is it located on a steep hill that will be difficult to mow? When buying your first home, make sure there is enough space for future growth and projects you’d like to create on your property.

2. The Layout Must-Haves for Your Home

When you think of ‘the layout’, think of the interior of the home. Are there enough bedrooms and bathrooms? Do you have office space if you work from home? Is the flow good for having extended family over? Is the garage or carport large enough for your vehicles? Are the laundry facilities indoors or outdoors? Is there plenty of storage? Are the closets acceptable for your needs?

3. The Location

When you think of ‘the location’ ask yourself some questions about the distance to your frequent activities. Is your potential home close to work, school, and church? How close is this home to shopping, the interstate, entertainment, and restaurants? Which direction is the house facing? Is the street on which the home is located in good condition? How well is the neighborhood kept-up, where you are looking at buying your first home?

4. The Logistics of Buying Your First Home

When you think of ‘the logistics’, ask yourself about the finances of this purchase. Does it fit in the budget? Can you pay cash, or will the payments fit into your monthly budget? Do you have enough down payment to offset the monthly payments? Can you afford the initial deposits on all of the utilities that are expected up front? What needs fixing in the home right away that will cost you money? Is the seller willing to offset any charges for repairs?

Buying your first home doesn’t have to be difficult if you know the 4 L’s. The land, the layout, the location, and the logistics are all important things to consider when making a purchase. Breaking down what you’re looking for into these sections will make it easier to see if a potential home meets your needs or not. You’ll choose your first home based on facts instead of just feelings.

With every home purchase, you need to hire a professional home inspector to provide an unbiased inspection and give you a report on the condition of the property. Scout Home Inspections serves New Hampshire and Maine with quality home inspections and home testing services. Contact us to schedule an appointment.