There are a lot of reasons to buy a home. A home is an asset that over time increases in value. There are always periods when home values diminish but over the long term, there is no single better investment.

A home is also a place to raise your family and adds stability because it encourages families to plan for the future.

Owning a home is a way of investing in your community. It helps improve neighborhoods and provides local economic strength.

Because homeownership is such a positive influence on families and communities, the federal government is active in creating programs through FHA and using tax incentives to encourage buying a home.

Often the most difficult part of buying a home is knowing where to begin, especially for first time home buyers.

Now it is time to focus on deciding your housing needs before you begin your search.

It is far more efficient to determine your personal requirements before you begin your search for a home. Start by thinking about the way you live. Are you a single person? Are you married? Do you have children? Perhaps you have a parent or grandparent living with you. For those whose commute never leaves the front door, a home office is not a luxury. Pet owners have additional considerations such as feeding and bedding areas. Sit down and write out what you think you need regarding space in a home.

Now comes the fun part, listing options. Relax and imagine what you truly want. Jot down whatever comes to mind first, such as a gourmet kitchen, hardwood flooring or a large foyer.

After listing what you need and adding additional features that you would like but are not essential, start to consider your priorities.

Priorities may include lot size and location. Do you want a big yard that may require more upkeep or a smaller yard with less maintenance? Do you like corner lots in a neighborhood or would you prefer to be located in the middle of the block or end of a cul-de-sac? Keep track of ideas regarding lot dimensions and location.

Square footage is a giant consideration. How many bedrooms are important? Is a laundry room better than placing your washer and dryer in the garage? More than one bathroom is convenient? What do you want in a kitchen? Contemplate the number of rooms, the square footage and optional features. Write them down.

Other priorities will include the building style. Everyone feels better driving up to a house that they like aesthetically. You will be drawn to one or two types of homes. You can even take pictures of homes that draw your attention.

Since a neighborhood becomes your local community, pay attention to the surroundings. For households with school age dependents, proximity to schools should be considered. Are they close enough for the kids to get to class on time?

You may also want to think about where you want your home to be in proximity to your job and public transportation. Do you need to be close to the subway or train station? Is it important to be near bus stops? Will the location of a certain house increase your commute?

Regarding all these items, establish your minimum requirements. Then build a wish list too. Both checklists are important.

And remember what I say. It is your house and your mortgage. No one is going to care about it more than you.

Above all, decide you are going to have fun while buying a home.