When buying a place to live, it’s not uncommon for first-time home buyers to forget that their dream home is called that way for a reason. Check out Not everyone can afford a beautiful home in a great neighborhood. “Today’s first-time homebuyers are more leveraged than ever before,” he revealed Josh Steppling. “[They] Many times we go beyond our financial comfort budget to buy a bigger, newer or more updated home with our hearts rather than our heads. ”
There are also a lot of expenses associated with purchasing a property that new homeowners rarely think about when planning their budget. This can lead to big mistakes and a lot of avoidable stress when it comes time to pay. “Get pre-approved ahead of time and stay within that budget,” he continued Steppling. “Plus, in addition to the down payment, expect a cushion in savings for closing costs, thorough inspections, and unexpected repairs after closing.”