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Finding the Right Home in Santa Fe: 4 Factors To Consider

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For the majority of home buyers, finding the right home in Santa Fe is often the most difficult step of the home buying process – more difficult than saving for a down payment or getting a mortgage.  Before you start your search, consider these four important factors.

1. How much house can you afford?

Knowing what you can afford will help you narrow your search to homes within your budget.  The basic rule is no more than 28% of your gross annual income should be applied to your mortgage, insurance and property taxes.

Get pre-approved for a mortgage to help you define your price range.

Make a list of expenses you’ll have when you become a home owner, including homeowner’s association fees, property taxes, and private mortgage insurance.

Factor in costs associated with continued upkeep and maintenance.

Looking for a quick estimate based on your finances?  Visit and use their “How Much Can I Afford” calculator.

2. What type of home do you want?

What features make up the ideal home for you and your family?  How many bedrooms and bathrooms should it have?  Do you want views? Do you want a detached home with a big yard or a condo with a patio?  Conversely, what features would eliminate a home from your list of prospects?  Knowing what you want, and don’t want, will help you focus your search on homes which fit your needs.

3. Location!

Finding the right home in Santa Fe is more than whether you want to live in downtown Santa Fe, in the suburbs or away from it all in a rural area.  Your neighborhood matters.  In fact, 59% of recent buyers said the quality of the neighborhood was the top factor influencing where they lived.  Whether you want a house in a great school district or one convenient to health facilities, defining the qualities of your ideal neighborhood will help you narrow your search area.

4. What’s your lifestyle?

Single home buyers may have different needs than married buyers, or buyers with children, and all of these groups have different needs than retirees looking to downsize.  What about you?  Are you single and want to live in the heart of Santa Fe?

Do you have one or more children and want to live in a family oriented subdivision with a pool and recreation center?  Perhaps you want your children to grow up near cultural amenities only found in the urban area.  Your current stage of life, as well as your desired lifestyle, often influences the types of areas and neighborhoods which appeal to you.

Think about these factors when finding the right home in Santa Fe. Once you determine your priorities, you can focus on your home search to only those matching your desires.

Are you ready to start your home search?  Let’s discuss it!

Once you’ve defined what the right home looks like to you, pop into the office or call me at 505.470.4180 and we’ll discuss your options and I’ll give you the scoop on what to expect during the process.  Finding the right home can be a difficult process; however, with an experienced professional by your side, you’re sure to make the right decision.


Homeowners lived in their homes for a median of 9 years before selling. However, home buyers say the expect to live in their homes 14 years.

Here’s wishing you more of everything you want.

Michael Umphrey

PS: You might also want to read my blog on: How to make moving easier in Santa Fe

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