If you are buying property toward the end of the year, keep taxes in mind. Points and interest paid before the new year can become deductions for this year’s taxes. Depending on what state you live in, you may be able to lower your property taxes through “homestead” or “principal residence” exemption. Some states limit the exemption to the elderly or disabled, and other states don’t. If you are in the military or a veteran there may be special exemptions available to you.