If you are ready to buy a house, you will need to consider various factors, ranging from income to mortgage rates, to determine whether you can afford it.
Budget and financing
How much you can afford to borrow depends on your income, savings, and monthly expenses. You can work out your home loan repayments and compare different rates.
Location and accessibility
The location of your home can impact your lifestyle, convenience, and the long-term value of your investment.
Property type and condition
The features and overall state of a property can greatly influence your living experience and future expenses. For example, older houses may require more maintenance and repairs.
Taxes
Property taxes can be a large yearly assessment that you need to consider in addition to the mortgage.