A home is a huge responsibility, but if you have a stable income and lifestyle, I say it’s worth the investment. Depending on the things you need/want for your living space, your mortgage can be cheaper than rent. A big plus is that you’re paying to OWN. Below is a list of the things I think are important to do when looking for a home, especially your first home. 

1. Find a realtor 

• I love my realtor. She’s made the process more easygoing. I love that she’s so accessible and keeps me up to date with what’s on the market. 

2. Obtain a pre-approved letter

• This is important because you need to know how much you can afford. You don’t want to look at homes above your budget. 

3. Clean up your credit  

• Most lenders want you to be in the high 600s. The better your credit, the lower your interest rate. If you don’t know your credit score sign up for credit karma. A pre-approved letter will also have your credit score. 

• Any debts you can quickly clear up or get out of the red, DO IT! And don’t add any extra, unnecessary expenses such as a new car or credit cards. 

4. Save/budget your spending 

• I try to save as if I’m already paying a mortgage, but if you can’t do that at least try to save 20% of every paycheck.

• Be smart with your money. Set a budget so it doesn’t appear that you cannot afford your lifestyle. 

5. Needs/Wants

• Spend time researching the things you would like for your home such the area, style of home, number of rooms/bathrooms, large backyard, basement, etc.

• Don’t be afraid of a home that needs some work. 

6. Be patient 

• It may take some time to find your dream home. Don’t settle! 

If any homeowners or those currently looking have anything else to add please leave a comment!