So, when I got married last summer, my husband and I both agreed we would be waiting 2 years to purchase a house. We wanted time to save up a substantial down payment. But with housing prices and mortgage rates on the rise, we decided to revisit that plan.

So, with spring break this week, we got approved for a mortgage and have enough for a 20% down payment. We went house hunting AND....DUNDUNDUN.

WE HAD AN OFFER ACCEPTED ON A HOUSE!!! We have to do the inspection and appraisal but it's a house that was built in 2014, so there shouldn't be too much wrong with it.

It's absolutely beautiful and I can't wait to move! IF the inspection/etc passes, we'll be closing on May 12th (less than a month AAHHHH!!!)

I am SOOOOOO excited but SOOOOOOO scared. It's a LOT of money to spend...and I HATE spending money!

Anyone have advice/tips in owning your first home? Anyone else feel anxious spending so much money!???

I really look forward to getting a house someday, but I lack the income right now to afford anything outside of a ghetto.

Only advice I can offer is to save as much as you can afterwards. I hear about a lot of things that might need repaired in the future.

Edit - Also another tip I intend to follow once I get a home, is not be too eager to furnish ones home. Going and getting a bunch of new furniture can be thrilling, but patience can get you just as good items at a thrift store if they aren't necessities.

As long as you didn't forgo the home inspection, you should be fine. Our inspection caught quite a few expensive issues with a house we almost closed on and I am forever thankful we were able to pull out of that deal.

Homeadvisor and Thumbtack are also great places to start if you do need work done. Youtube is an amazing thing. People have built houses off of youtube alone, but I can't stress how important it is to know your limits and really gauge when it's time to call a pro. On that note, compile a list of things you need/want fixed. Often times a professional will charge just to come out and see what's wrong and then give you the quote for their services (usually this initial fee is used towards the cost of the service you decide to go with). So if you have a list of things that you know you want fixed it ends up saving you in the long run to not have to pay that general fee each time.

Poet - oh man, yeah! We aren't too eager to buy all brand-new furniture...definitely couldn't afford that. I DO want a better couch than the one we have, whether it's new or used, I don't care. BUT the one we have is lumpy, has dips in it, and is like...barf green XD My husband got it off Craigslist for 50 dollars like 5 years ago...but I think it's time for it to go XD

We definitely were going to buy next year and not this year...but the market is going up again...so we figured we better do it now. Luckily we are both in a financially good spot right now.

Empress - I used thumbtack for my wedding when I needed a few services I was having a hard time finding good candidates for! I love thumbtack!!! That's a smart idea to use it for house services as well! Unfortunately, my husband and I have little time for fixing up the house ... so we definitely are buying a move-in ready house at this point. He is considering switching from high school band to middle school band teacher in the future...so that would mean no marching band craziness which would mean more time in the schedule to fix up the house when it is needed. But, luckily, we could at least get stuff done over the summers if we need too :)

Our inspection is tomorrow! Here's hoping it passes!

Oh god... barf green you poor soul... I think I'd just sit on the floor at that point

I'm not a "first time home owner" "sortof"
When my parents died I inherited 50% of the house.
However, my family made me super unwelcome, so I left.

Now, I'm using money from when they sold that house, to possibly be buying a house. Its not as new but its a perfect starter home, and we'd be paying for it in cash, so eventually if we wanted to move or sell it, we wouldn't have to fight with a bank to do it. (no mortgage) Its also a great space if we decide to move and rent it out. REALLY good school districts and an excellent cul-de-sac and a nice sun room are things we wanted.

We're not quite to signing papers point, but we think they've accepted our offer verbally. We're just waiting on a rider (because there used to be tenants and it says in the paperwork that there may be a rental agreement we'd have to uphold), because my lawyer wants the house to be ready for us to move in ASAP. Not wait 6 months before we can even start a few cosmetic repairs.

Selling a house out from under a renter
.. That can really suck. I hope they aren't doing that without notice to them.

Well, part of the reason we can afford this house is the last tenant's son-in-law died in the house. >__>; It doesn't really spook us, because it was a heart attack, but, if it was a gory death I would have been shaken.
I think the tenants lease has already expired (no one was in the house either of the two times we toured it), but when they wrote the contract almost 8-9 months ago, there were still renters. We believe there isn't anyone there now either, but we can't be sure. The house has been on market a long time. Most people have been passing it over because the outside is a little dingy, but tbh it really just needs a coat of paint and some holes in the lawn filled from a playground that used to be there.
So I really don't know why no one else wants it. o_O; Its really small cosmetic fixes, the owner is leaving all appliances, the house inside is in really good condition, the only thing we'd need to do is add grounded plugs, but there's a crawlspace below the house so that's totally doable.

That does sound awfully good to be true... But sometimes people think ugly cosmetic damage costs more to fix than it does. A lot of homes I looked at the roof was damaged and that one is expensive

Well, some repairs will have to be done by the house owner during the Due Diligence period or we can flat out decline the house. Like if the roof is leaking according to an inspection and they say no we won't fix it, we can say, well we won't buy the house.

We also did research on how much the cosmetic and non-cosmetic repairs we wanted to do. It has a gravel driveway for example, we want to make it cement. So we got a price per foot from a contractor.

Great to hear. Doing ones research is definitely very important.

First off congratulations YouTube what a Monumental achievement I hope you both are very happy and raised a wonderful loving family there together
About my advice the first advice that I would give offer you would be to find a friend that is a carpenter or is even home inspector himself or maybe if your husband is Handy with that kind of thing and walk around with the inspector my friends inspector didn't mind us at all doing that and we even helped him find a few things that he didn't even notice make a list of all the things that you personally find because the home inspector might not see it as a problem like for instance there was a light in the hallway at the top of the stairs in my friend's house and it was flickering and the home inspector said it could possibly be the bulb is fixing to burn out but it turned out that there was loose wiring and so he has to have that taken care of before he took ownership of the house and another thing that was noticed by the inspector was warped linoleum by the washer the homeowner said that it was the washing machine had overflowed or whatever but it turned out that the water heater which was positioned right next to it had a slow leak and so is it drained toward the train which was right in front of the washer that's what made the linoleum buckle and that wasn't found out by the inspector or our friends until after they had moved into the house so they had to replace the water heater just anything that looks out of place to you or suspicious write it down and then do some Google research and just check it out because you can always get credits back from the homeowner taken off of your total price and now they're really good time to buy before the interest rate goes up I think 3.75 is a really good APR right now well I'm sorry I used audio text I'll have to read what I wrote and I can't remember what else I was thinking about but I'm thrilled for you guys good luck