Four Smart Steps To Take Before Buying Your First Home

Buying your first home can be daunting. Here are four things you need to do years before you start house-hunting to prepare financially for the biggest purchase of your life.

Couple sitting at desk with open computer and paperwork.
(Image credit: Getty Images)

Becoming a homeowner can be a daunting process for anyone, especially young adults or anyone without experience making such big purchases. Rushing through a multi-step financial process — deciding how much home you can afford, fixing any blemishes on your credit report and saving for a down payment — can prove costly. 

Years before you even think about hiring a real estate agent and starting an in-person home search, you need to take the time to prepare yourself financially. 

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Andrea Browne Taylor
Contributing Editor

Browne Taylor joined Kiplinger in 2011 and was a channel editor for covering living and family finance topics. She previously worked at the Washington Post as a Web producer in the Style section and prior to that covered the Jobs, Cars and Real Estate sections. She earned a BA in journalism from Howard University in Washington, D.C. She is Director of Member Services, at the National Association of Home Builders.

With contributions from