In our last post we discussed the pros and cons of renting vs buying a home. If you have decided that you are done with the days of pouring your money into rent and you are ready to take the plunge into homeownership, there are a few things to keep in mind. If you are considering buying a home with your significant other, it is important to determine if you are ready to buy a house together. Buying a house is a big commitment, and buying a home with someone else involves an even deeper level of commitment. Check out the following tips on buying real estate in San Diego and determine if you and your significant other are ready to make this big step.


Buying a home can be a truly joyful experience. Walking into your first home with the person you have chosen to spend life with is an almost magical experience. However, there is also a realistic side to purchasing a home. In order to buy a house, you need to have the finances to do so. Before you plunge into homeownership, take a good long hard look at your finances. Although some of this consideration is already built into the process of applying for home loans and financing, you need to sit down with your significant other and determine if you both are on the same page when it comes to finances.

Purchasing a home may require cutting back in some areas and tightening up your budget. Are you both committed to this new budget? Have you communicated clearly what this will mean for your day-to-day life? Money is one of the number one reasons couples fight, and adding a mortgage payment to your lives can add stress if it is not handled the right way. Create a realistic budget and talk about how you both will make this work.


Hopefully, if you are to the point of purchasing a home with someone else you know what their future goals are for life. However, before you invest in real estate in San Diego, make sure you both are on the same page about your future. Do you both see yourself living here for the foreseeable future? What size house do you think will accommodate your future plans? Are you planning on adding kids to the picture at any point? If one of you had grand plans for taking a job in New York City, it could add tension to your relationship down the road after you have invested in property here. Talk about where you both see yourselves in the next five years, 10 years, and beyond. Communicating clearly about this upfront will help make the transition into homeownership easier on your relationship.


Before you purchase your dream home with that extra bedroom for your relatives to use on their next visit to town, make sure that room will be available. If either of you has kids, even if they are not currently living with you, are you planning on them having a room in the new place? You might be imagining that third bedroom as your home office, but your significant other might have plans for their kid to come stay more often due to the added space.

Be sure you both are on the same page about who is going to be living in your new home. Are you planning on having any roommates? If you do plan on having people live with you, what will be the process for determining who is approved? Just because you assume your significant other is as crazy about your best friend as you are, they might not be thrilled about living in the same home. Renting out an extra bedroom can be an excellent way to help cover costs, but make sure you both have the same expectations for how that situation will be handled if it arises.


Here at San Terra Properties, we have years of experience helping clients find the perfect first home. If you and your significant other can communicate clearly and have the same goals for your future, buying a home together can be an exciting step to take. We love seeing our clients walk into their dream home to start a new chapter of their lives together. If you and your significant other are ready to become proud homeowners together, come visit our team. We will be happy to sit down and discuss the next steps with you. We look forward to the moment you step through the door and say, “This is our home.”