a couple and their new homeBuying a new home can be both exciting and nerve-wracking. You definitely want everything to go smoothly and of course, you want to acquire the best property in the market. There are many things you can do to make sure that the house you’ll buy is the perfect one for your family. Here, Liberty Realty — along with other experts — discusses what those are.

Put in a Bigger Down Payment

Most sellers today allow buyers to put in as little as 3% for down payment. However, putting a small down payment can be a huge problem in the future. You have to think about paying a huge amount every month for a long time, which can definitely be a big burden for you.

Instead, you should consider putting a bigger amount of down payment — around 20% to 30%. If you can and your budget permits it, you can even put down 50% to make your monthly payments more manageable.

Determine Your Budget

Before you start looking for a house, list your needs and wants and determine a strict budget. Make sure to never go overboard, as this can cause a lot of problems in the future. Feel free to use a house affordability calculator to determine how much you can afford.

Check your Credit Report and Score

Your credit report and score can affect your purchase. If you have a low credit score and a bad history and report, then chances are you won’t get approved when taking out a loan for your dream home. Make sure to acquire a credit report as well as a copy of your credit history before applying for a home loan. You’re entitled to a free history and report every year, so make sure to make the most of that. If you have a bad credit score, then strive hard to get a better score before applying for a loan.

Doing your research and asking for a real estate agent’s help will definitely help you find the right home for you.