There are many things that can motivate someone to buy a home. Maybe you and your spouse have decided it’s time to start a family and you need a little more space. Maybe you’d like to make an investment you know will appreciate. Or, you may just want to get out of the crowded city. Whatever your reason, homeownership is a great choice for many people, but it can be complicated.

Can I afford a home?

Many people make the mistake of checking online for house listings right away. You might be setting yourself up for disappointment, however, if you immediately start looking for your dream house. The first thing you should do is figure out what range of homes is realistic given your budget.

The best way to start is to visit your local bank or mortgage broker to find out what kind of mortgage makes sense for someone in your situation. If you don’t have a lot of cash now but are quickly moving up the ladder at your company, you’ll be in a different financial position than someone who has been saving for a home for a decade.

Before visiting your local real estate agency, consult with a mortgage or finance expert. Once you know exactly what you’re able to afford, you can sit down with your agent and do a much more precise search for a dream house that’s right for you.

As always, seek advice specific to your personal circumstances.