Buying your first home is a major life event that comes with equal doses of excitement and uncertainty. It’s a huge financial commitment for homebuyers, and will serve as the foundation for many milestones moving forward. According to the team at Amber Lube, Keller Williams Realty Concord/Kannapolis in Concord, NC, there are key decisions to make when starting your hunt. With the following choices, you can set a precedent for how successful your search is—as well as the quality of its outcome.

5 Important Decisions New Homebuyers Must Make

1. How Much to Spend

Before you begin looking, determine your budget. Too many first-time buyers get emotionally attached to a home outside their price range and spend more than they can afford. As a rule of thumb, multiply your household’s after-tax salary by three and four. This will give you an ideal range to search within that reasonably aligns with your income. Getting a pre-approved mortgage from a lender will also provide a more concrete number.

2. What Realtor to Hire

While house hunting may seem self-explanatory on the surface, it’s always best to work with an expert. A realtor will have the inside scoop on the market and can advise you on when to buy, where to buy, and what to expect. Often, you’ll find deals that aren’t listed online or are still off-market, and a realtor can give you early access. They can also be invaluable once you enter the buying process.

3. What You Want Vs. What You Need

It’s easy to become emotionally attached to a dream home, but eventually, you have to be realistic. You can buy for the moment or the future—getting what you want, what you need, or both. If you plan on having kids, work from home, or want guest rooms, buy the home that matches your needs rather than the one with amenities you can purchase later on. While it may not be as exciting, you’ll immediately reap the benefits of your practical decision.

First-time homebuyers face a number of potential pitfalls, which is why it’s best to have a real estate expert on your side. Luckily, Amber Lube, Keller Williams Realty Concord/Kannapolis will help you find and settle on a home that meets your needs. Call (704) 467-0685 today to speak with Leaurel Lube or (704) 577-5966 to reach Amber Lube. You can also visit their website to view current listings.