Couples Who Buy Together, Thrive Together: A First-Home Guide

by Reagan Hooper

For many couples, planning a wedding or imagining the next chapter together naturally leads to daydreams about a first home. Turning that dream into reality takes more than just excitement— it requires preparation to make the process as smooth as possible. 

“Do your research,” says Tommy Eastman, broker with Century 21 Bessette Flavin Realty.  “Looking and dreaming about your first home is something many people do for years.  But when you are ready to get serious about buying a home, there are several things you need to consider to determine if you are actually ready and to make sure the process is as hurdle-free as possible.”  

Financial standing should be evaluated, first and foremost. Weddings, honeymoons and merging accounts can all impact your readiness. Luckily, there are many options for first-time home buyers. Eastman says changes in the market will play a role in your budget, which make it even more important to be prepared, realistic and well-informed about what you can afford as a couple. It is also critical to pay attention to your credit score and credit restrictions.  

Choosing a lender and getting pre-qualified before you start looking for homes can help frame your budget. Who you choose to be your lender matters. Some are easier to work with than others. Talk to your friends, family, coworkers or real estate agent for their recommendations. ”Lenders will work very closely with you through your home-buying process,” says Eastman, “so you want someone who understands your situation and your goals.” 

The pre-qualification process is lengthy and easily frustrating, especially when you are already amid all the wedding planning. However, Eastmans says it is well worth it. “The frustration and disappointment that come with falling in love with a home, then finding out you don’t qualify is much worse than a tedious pre-qualification process.”  

After receiving a green light in the pre-qualification process, the most important task for potential home buyers is to shop in the middle of the range you were given. It can be tempting to shop at the very top of an approved price range to secure a dream home. However, doing so often stretches the budget to its limit. A mortgage is only one piece of your post-wedding financial puzzle. Insurance, taxes and the many items needed to furnish and personalize a new home must also be factored in. Some buyers, eager to prepare for married life, make large purchases on credit before closing. When lenders rerun credit before final approval, that new debt can alter loan qualifications and cause the deal to fall through. Eastman advises protecting your future together by avoiding that situation. 

After your finances are in order, the next step is to think carefully about your lifestyle and long-term goals. “A first home is both a financial and lifestyle investment, and the right choice will depend on what you envision for your future together,” says Eastman. “Do you see yourselves hosting family gatherings in a large backyard, or would a low-maintenance property suit your newlywed years better? Are you drawn to the charm of an older home, or would you prefer the ease of a new construction? Do you need proximity to work and friends right now? Asking and answering these questions will help narrow your search to homes that support your shared vision.” 

After you have your search options narrowed down, it’s finally time for the fun part—looking at potential homes. Eastman says this is where a real estate agent is key.  “Buying a home is one of the biggest decisions you’ll make as a couple. A trusted real estate agent helps you navigate the process, avoid surprises and negotiate the best deal. This allows you to focus on starting your life together, not getting lost in paperwork.” 

For more information about using a realtor, call CENTURY 21 Bessette Flavin at (337) 474-2185 or visit online at wehavethekeysyouneed.com.