Rabbi Shlomo Sobol
Former Rosh Kollel in Detroit
One of the happiest moments in a person’s life is the purchase of a new home. Therefore, Chazal instruct us to thank Hashem and recite the Shehecheyanu blessing. This is true with regards to a single person. A married couple, each separately, should recite the blessing of HaTov V’Hameiteev as the happiness in shared.
If as person purchases a second home, and intends in residing in this home, the blessing should be recited. If the second home is purchased as an investment or as part of a commercial deal, the blessing should not be recited.
The best time to recite the blessing is at the time of the setting of the Mezuzah on the doorpost of the house. This is a sign that the home is completed and inhabitable.
If a person takes on great debt in order to purchase a home, there are those who say that the blessing should not be recited because the happiness experienced is incomplete. The custom, though is to recite the blessing in these circumstances, as the weight of the debt does not outweigh the joy of a new home.