One of the most exciting stages in a relationship is buying a home to grow old in together and then finding the perfect decor ideas for it on Pinterest. But there’s a lot more to the process than just deciding what that third bedroom is for (Nursery? Office? Dog’s bedroom?), and how close – or far – you want to be from the in-laws.

The couple that plans their finances together, successfully buys together. Nothing says romance like a candlelit night of budgeting and planning!

If you’re about to buy a home with your partner, here are a few things to take into consideration:

1What You Can Afford

Two heads are better than one–right? So what about two bank accounts? Two credit scores? Buying a home as a couple means sharing financial details and credit histories before you start searching. Budgeting together and building up your joint savings are the foundations of a good financial relationship, so don’t be afraid to trade in those expensive date nights for a night at home while you’re preparing to buy. Remember to put aside some extra savings for home maintenance and other surprise costs that may arise.

2What You’re Investing In

Buying a home means investing in the future, so now’s the time to think about what that future looks like. If you’re looking to grow your family, you’ll be focusing on finding a close-knit neighbourhood and reputable school district. Some couples buy to make a profit by flipping the home or using it as an income property. In that case, look for the potential! When you work with me, I use my years of experience as a landlord and contractor to help you see beyond the ugly carpeting and dated cabinetry.

3What It All Means

Now its time to get to the nitty-gritty. Buying a home will probably be the biggest invest your make in your life – individually and as a couple – which is why titling the property right and making clear decisions with your partner about payment responsibility is so important. Whether your married, common-law, or other; I’ll help you decide what ownership terms best suit you before you hit the closing table.