#3.

Yes, go ahead, be excited. But at the same time, keep some emotional distance between you and your prospective home. Refrain from setting your heart on living in that house until you've had the opportunity to have it inspected. You need all the facts before making your final decision to buy. Is it actually the house you love, or a particular feature?

Newly renovated interior finishes can be quite impressive and emotionally appealing to prospective buyers. However, they all too often are also red flags for some structural or system failing. In the long run, the value added by cosmetic renovations will not compensate for the eventual pocket draining costs of a leaking roof, or a 30 year old furnace that needs replacing, or inadequate and hazardous electrical wiring. Nowadays insurance issues question many aspects of the house. No insurance = no mortgage.

Give yourself the chance to have the "dream house" that meets all of your dreams.