Most homeowners do not spend much time thinking about the future or the length of time they will stay in their first home. While this is surprising to learn, buyers of a single-family home will stay in the home an average of 13 years. Although a part of life, moving can become overwhelming after you go through the experience a few times. Therefore, many buyers will invest in their "forever home" or the home they plan on living in for the rest of their lives. Before you begin shopping for your "forever home," make sure to consider these tips.

Location, Location, Location

If you know anything about real estate, you know that location is king. Smaller homes in more desirable locations will be a great deal more expensive than smaller homes outside of real-estate bubbles. Understanding this concept is imperative when shopping for your forever home in your desired location.

Fortunately, you do not need to buy a home in the trendy, popular areas to make the house your forever home. Base your home purchase on a location that suits the needs of you and your family now and in the future.

If time outdoors is important to you and your family, choose a location close to nature trails and parks. If you prefer more cultural activities, your forever home should be closer to the city. Your forever home does not have to be located in the hot real-estate markets.

Maintenance Madness

Currently, you may feel you can handle and cleaning and maintenance a home will need. From mowing the lawn and trimming the shrubs to washing windows and repairing plumbing leaks, these tasks are necessary to protect the value and function of your home. Unfortunately, these tasks can become challenging as you age.

When purchasing your forever home, consider how overwhelming and stressful the cleaning and maintenance will be as you age. Completing these tasks now may be simple, but they can be uncomfortable or impossible when you are 60, 70, or 80 years old.

Finance Smarts

Cost is another factor to consider when shopping for your forever home. In most cases, a mortgage will cover the purchase, allowing you to make monthly payments over a period of 20 or 30 years. Your income and credit will be used to generate a mortgage approval, ensuring you are financially capable of making these monthly payments. However, if you lose income or choose to retire, you will still be responsible for these payments.

If your finances take a hit, selling your home may be necessary, so make sure your forever home will appraise for more than the sale price. This will ensure your home is a smart financial investment.

Buying your forever home is a dream for most people, but it can be a reality. With these tips, you can make a smart purchase on the home you plan to live in forever.