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Home with For Sale SignWhen preparing to buy a home, you have likely considered all of the major financial factors: down payment, mortgage, insurance, and maintenance. However, have you considered how much your extracurricular activities take out of your monthly budget?

Everyone has a lifestyle they are accustomed to. Buying a house should complement that lifestyle, not cause it to suffer. Therefore, we have listed some major factors to consider when determining exactly how much house you can afford. In addition, don't forget to protect your investment with a comprehensive home insurance policy.


How often do you travel? How long are your trips on average? How many destinations do you have planned this coming year? Consider these questions and how much you spend on each vacation when buying a house.


If you have children or if you're planning to start a family soon, it's time to be realistic about how much they contribute to your monthly expenditures. Factor in daycare costs and then determine what your cash flow will look like. You may have to adjust the amount of home you're looking to purchase, explains House Logic


Putting money away to prepare yourself for retirement is a huge factor to consider. If your job does not offer any sort of retirement solution, think about how much money you need to put away each month. Ideally, 10% of your income should be saved in your 20s and 15% should be saved in your 30s. Homeownership does establish wealth over time, but set yourself up for a secure financial future.


A beautiful pool is a must for many prospective homebuyers. However, have you factored in the costs of building or maintaining one? This includes insurance, additional liability, energy usage, and regular cleaning. Think about how these expenses could eat away at your budget.

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