Within the emotional bubble, most first-timers end up making a rush, impulse purchase without seeing the bigger picture. It is essential to think about how much you can afford and future costs such as property taxes, HOA fees, home insurance, and other maintenance costs.
If you cannot pay cash, you may need to figure out your mortgage options. New home builders may offer flexible financing options that may smoothen your path to homeownership. Additionally, you may also need to prioritize your upgrade options to avoid investing in add-ons that do not increase property value.