The Advice First-Time Homebuyers Need To Hear
August 1, 2025
Joe Malerba
Buying your first home is exciting but let’s be real, it can also feel overwhelming if you don’t know where to start.
The good news? You don’t have to figure it out alone. A trusted real estate agent has walked this path with many first-time buyers before you, and they’ll help you avoid common mistakes, set the right expectations, and move forward with confidence.
If you're ready to stop renting and start building wealth, here are 4 important tips every first-time homebuyer needs to know before making a move.
1. Get Pre-Approved Before You Start Looking
We get it, scrolling through homes online is fun. But if you fall in love with a house before you know what you can actually afford, it can lead to disappointment fast.
Before you tour any homes, meet with a local lender and get pre-approved for a mortgage. This gives you a clear picture of:
How much house you can afford
What your monthly payment will look like
What loan programs are available to you
Getting pre-approved not only keeps your home search realistic, but it also shows sellers you're serious, giving you a competitive edge when you’re ready to make an offer.
2. Set a Budget and Stick to It
Just because a lender approves you for a certain amount doesn’t mean that’s what you should spend.
In addition to your mortgage payment, you’ll need to factor in:
Property taxes
Homeowners insurance
Utility costs
HOA fees (if applicable)
Ongoing maintenance and emergency repairs
As Bankrate puts it:
“Don’t just think about how much house you can afford, but how much in recurring costs you can handle once you’ve purchased your home.”
Your agent and lender can help you plan a smart, sustainable budget so you don’t end up house-poor.
3. Never Skip the Home Inspection
In today’s fast-moving real estate market, some buyers are tempted to skip the home inspection to make their offer more attractive. But that can be a costly mistake, especially for first-time buyers.
A professional inspection can uncover hidden issues like:
Roof damage
Foundation cracks
Electrical or plumbing problems
Mold or water damage
Your real estate agent will help you schedule a home inspection, interpret the results, and negotiate repairs or credits before closing. It's a small investment up front that can save you thousands down the road.
4. Your First Home Doesn’t Have To Be Your Forever Home
Don’t stress about finding your dream home right away. Focus on finding your right-now home, a place that fits your budget, meets your current needs, and gets you in the game.
Whether it’s a starter home, a well-maintained condo, or a townhouse in a great location, the key is to start building equity and learn the ropes of homeownership. You can always level up later.
Your first home is just the beginning, it’s a stepping stone toward your long-term financial and lifestyle goals.
Final Thoughts: You Don’t Have To Do This Alone
Buying your first home is a huge step but it doesn’t have to feel overwhelming. With the right guidance, it can actually be fun.
Let’s talk about where you are, what’s holding you back, and how to take the next step with confidence. Whether you’re curious about financing, down payments, or what’s happening in the local market, I’m here to help.
📞 Got questions about buying your first home?