Buying a home is one of the biggest financial decisions you’ll ever make, so being prepared can save you thousands. Before you start house hunting, check your credit score and improve it if needed, as a higher score can qualify you for lower mortgage rates. Next, save for a solid down payment—ideally 20% to avoid private mortgage insurance (PMI), but many loans allow for less. Getting pre-approved for a mortgage helps you understand your budget and shows sellers you’re a serious buyer.

Beyond finances, research the location, market trends, and future value potential of the home you’re considering. Don’t just focus on the sticker price—factor in property taxes, homeowners insurance, maintenance, and unexpected costs. Always get a home inspection to avoid costly surprises, and negotiate everything—from the price to closing costs. With the right strategy, you can turn home buying into a smart investment rather than a financial burden.