Being a first time home buyer is probably on everybody’s “success” checklist. Yet, it is a box that often goes unchecked for many years for those first starting out in the workforce. We all know it takes more than just the desire to buy a home in this day and age—if you have not been working toward it for some years, it’s time to put thoughts into action. Keep these insights in mind when working toward becoming a first time homeowner.

Finances

First and foremost are your finances. If you don’t have enough money saved up for a down payment nor a steady income to pay your mortgage bill, then homeownership may still be out of your reach. Of course, even with our finances in check there is more to consider, such as appraisal fees, home inspections, closing costs, homeowners insurance, private mortgage insurance (PMI) if your down payment is below 20%, any repairs a home may need or furnishings, to name a few. Make sure you are prepared for additional spending.

Take your time

The ideal home-buying scenario is when you’re not in a rush. You don’t want to rush through open houses to later realize that you’ve overlooked some important features of the home or neighborhood. Do you anticipate a big job move? Are you applying to out-of-state positions? Then it might be in your best interest to wait until you are ready to settle down.

Becoming a first time homeowner isn’t an impossible feat. You just need to be aware of what your step-by-step goals should be. Short on down payment funds? Save up. Taking a big leap at the workplace? Do it now.

Homeownership is on people’s success checklist because it is a good investment, and it gives you a sense of pride and security. Reorganizing a few things in your daily routine will have you a first time homeowner in no time. Just take it one step at a time, and remember to breathe.