Understanding the increased responsibility that comes with home ownership is extremely important. First analyze your financial situation. Find out how much you can afford to pay each month. Set a budget plan including new expenses that will be added to your regular budget as a home owner.
Second decide how much you can afford before you even meet a lender. You must make this decision. No one can tell you what you can afford. The lender can only tell you if you are qualified against a set of loan guidelines. Decide what you need. Make a list of items you must have as well as list of new features.
You must consider your family, ALWAYS REMEBER LOCATON, affordability and other circumstances. Finding the right home, you need one close to work, schools, churches, shopping areas, hospitals, public transportation, and other items important to you.