Thinking about purchasing your first home can be stressful because it can be challenging to figure out how to get started. Many first time home buyers make mistakes that can lead to them purchasing the wrong home for them or spending too much money on the process of home buying. Here are four tips to consider when buying your first home:

1. Start Saving: Putting away 20% of the home's value is the best way to save for your first home. This is going to ensure that you are not paying a high mortgage loan that is going to end up costing you more than half of the home's actual value in the end. Putting away money as soon as you know that you are ready to buy a home soon will ensure that you at least get a good head start on putting down a good down payment on the house. Once you have enough put away, then start shopping for a home. This is going to ensure that you receive the best possible mortgage terms. 
2. Plan Emergency Funds: Be sure that you also save up some money on emergency funds when you go to purchase a home, as well. This is because there are many little costs that come with purchasing a home that you may not be prepared for. This includes repairs that you need to make when you move into the home, furnishing the home, and preparing for the larger cost of utility bills. 
3. Worry About Furniture Later: When it comes to furnishing your new home, you are probably excited to get it done. However, when you move into a home for the first time, there are many more expenses that you are going to have to worry about. If you are purchasing furniture right off the bat, you may be struggling to pay for these additional costs at the end of the month. These additional costs can include adding new appliances to the home that the seller may have taken with them, such as the washer and dryer. 
4. Negotiate on Repairs: If there are small repairs that need to be done to the home, you can negotiate with the seller to either lower the cost of the home or have them make the repairs themselves before you move into the house. This can include a fresh coat of paint in areas where it is chipping, replacing a damaged appliance, and more. 

When you consider these four tips as a first time home buyer, you can definitely be more prepared for the process. For more tips, check out websites like http://www.casperrealestate247.com.