When you're shopping around for a new home, it's easy to let your emotions take over. This quick list of dos and don'ts can help you keep a level head while you look, and ensure you don't end up with buyer's remorse down the road.

DO a drive-by. Check out the exterior, the street and the neighbourhood. If you can, stop by during the day and in the evening to get a sense of what it's like at different times. See if there are any good shops and restaurants in the area, and if it's a place where you feel comfortable walking around. Check walkability scores of different neighbourhoods here .

DO come prepared. Show up to showings and open houses armed with a list of questions. Take plenty of photos. Sketch out layouts. Measure spaces to ensure your furniture will fit. Write down all the things you love, items that require repair or renovation, elements you're not so keen on. When you're looking at multiple homes, it's easy to get confused – having detailed notes of each visit will help you keep track.

DO look at homes in your price range. It's easy to fall in love with a place you can't afford. Don't bother looking at the ones that are priced out of reach - you'll only be setting yourself up for disappointment, and make yourself feel like you're settling for less than you deserve.

DO check the water pressure. Run the taps and flush the toilets (separately and at the same time). See if the showerhead blasts water or just gives off an unsatisfying drizzle. And don't forget to check how fast the water heats up. If it's really slow, there could be issues with the heater.

DON'T forget to take stock of storage. There's nothing like moving into a new place and realizing there's nowhere to stow your stuff. Look at closets, basement storage, attic space and outdoor sheds. Where will you keep your vacuum cleaner? Your spare linens and towels? Sports equipment and off-season clothes?

DON'T sweat the small stuff. That harvest gold fridge and the stained basement carpet can both be replaced at a relatively low cost. The scary turquoise dining room can easily be repainted. Watch out for high-cost fixes instead, like outdated electrical or bathrooms that require a complete overhaul.

DON'T forget to check the exterior. Look for damp or buckled spots on the siding, peeling paint, loose shingles, cracks in the foundation. A quick look can save you thousands of dollars in the long run.

DON'T overestimate your DIY capabilities. Fixing that leaky faucet? Sure, almost anyone can do that. But renovating the kitchen? Ripping out drywall? Putting in new plumbing? Before you make an offer on a house that's not move-in ready, make sure you're not getting too enthusiastic about what you can actually accomplish. If you think you can do it yourself, then realize you need outside help, you'll be facing some serious costs you didn't factor into the purchase price.

DON'T be afraid to move on. So many buyers get stuck on the idea that another home as perfect as this one will never come along. That's simply not true. New listings come on the market every day, so never assume that there's nothing as good as - or better - out there. Be patient.

Finding a property you love is exciting, but it's a little like falling in love with a person. That initial glow can make you overlook faults that will drive you around the bend a few years down the road. Keeping emotions in check and the long-term future in mind can help you make a smart buying decision – and finding  the home that's perfect for you.

So you’ve found a house you love. Great backyard, gleaming hardwood, and the kitchen of your dreams. But what about the furnace? The wiring? Leaks in the basement? Before you buy, have the home inspected; no matter how experienced you are as a homeowner, it’s the best way to make sure you really know what you’re getting into.

A home inspection will give you the information you need to make an informed decision. The inspector will determine the condition of the house you’re thinking about buying, and let you know if there are any problems. (And the great thing is, the inspector doesn’t care if you buy the house or not, so you can be sure he or she is being objective, even if you’re not.) If you have to make an offer before having a home inspection, make it conditional on a satisfactory inspection.

If there are any problems, you have three options:
1. Walk away.
2. Use the results to negotiate a better price.
3. Give the seller a chance to fix the problem.

The inspector meets you at the home you’re thinking of buying, and takes about 3-4 hours to carefully inspect the entire house for structural, mechanical or other issues. He or she examines everything from the roof to the foundation and everything in between, including heating and air conditioning, plumbing, electrical, insulation, roof, windows and doors, walls, ceilings, attic and basement. You can accompany the inspector as he or she goes through the home – it’s a good way to get to know the home quickly, and will give you a head-start in your home care “learning curve.”

The inspector then prepares an inspection report that outlines problems (breaking them down into major repairs that need to be done right away and areas that will need attention in the future, with accurate cost estimates for each), highlights good points, and gives you an idea what kind of maintenance you’ll need to do to keep the place in good shape. Make sure you ask for a detailed report that’s written in a narrative style. Never accept a verbal report or one that’s just a checklist.

Most inspections cost between $250 and $500. Think of it this way: a few hundred bucks could save you thousands in home repairs. It’s a pretty small price to pay for significant peace of mind.

Look for a reputable, qualified company that has been in business for a while, can provide references from previous customers, is fully insured and offers guaranteed inspections. Inspectors should be licensed in building-related fields such as contracting, architecture or structural engineering. Your REALTOR® can recommend a reputable, objective inspector at your request, or you can find one by asking friends or by looking in the phone book.

When you’ve fallen in love with a house, it’s hard to see any faults on your own. Make sure the decision is a good one, and get it inspected so you can be sure you stay in love – for years to come.

Trademarks owned or controlled by The Canadian Real Estate Association. Used under licence.