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Congrats on getting started! Besides saving, I tracked my spending for months to figure out what I could comfortably afford, checked my credit score, and got pre-approved so I knew my budget. I also researched neighborhoods, talked to people who’d bought recently, and set aside extra for hidden costs like inspection or moving. The lead-up was a mix of financial planning and homework.
Take a first time buyer’s course. I learned a lot.
I would start looking at what’s for sale in the area you want to buy and keep track what they are listing for and what they end up selling for. This will give you a feel for the market and give you a better idea, when you get ready to purchase, to know if your something is priced right or whatnot.
Credit score, credit score, credit score! Read up on the factors that influence the score and take action. Some things take months to a year to actually impact your score, so start now. The higher your score, the better your mortgage rate. Most new homeowners have no idea how much 1/8 of a point on interest rate will cost them.
Explore specific neighborhoods in and just beyond your target area. Stay in an Airbnb for a few days if you can. You would be surprised what nuances take place within a neighborhood. Buying is a big decision. Know where you’re buying.
Figure out what areas you want to buy in. Look at school quality and other factors. Start looking at home sales so that you know when something’s good.
Talk to friends and family who already own, and who have followed a variety of paths (turnkey new build, fixer-upper, etc.). You can get a ton of value from a home that needs some work but you need to understand the trade-offs that requires - not everyone has it in them to live in a construction zone and life in a reno property looks sorta glamorous on TV but it’s actually a huge inconvenience - are you up for that?
Spend time understanding the nuances of your market. Find a really good agent and mortgage broker. Do this based on recs, but talk to a few.