2. Determine Your Budget

The most important consideration when buying a home is the budget, as it determines your overall direction; establish a budget and stay inside of it. In order to determine a realistic one, consider more than just the monthly house payments you’re able to make. Maintenance, repair, and unexpected costs are inevitable when becoming a homeowner. Monthly mortgage payments should not exceed approximately 28% of your monthly income. Additionally, now is the perfect time to shop around for house insurance to ensure you can afford the rates available to you.