When purchasing a new home there are some things that should be on the top of your list. Making sure you do not over extend yourself and making sure to find a home that suits all or at least most of your needs.
Set up a list of all the things you would like to have in your home. You may not be able to get all of them so put the most important at the top of your list. There may have to be compromises as you may not be able to get everything you want and keep to your budget but you will be glad in the end you didn't push past that number.
Buying a new home can be very exciting, just make sure it's what you and your family want and need and at a price you can afford.
First thing to keep in mind is a home purchase will probably be the biggest investment you ever make. So in making that investment you do not want to make a purchase that is well out of your means. Buying a home can be an emotional process, you find a home of your dreams and you must have it but the price far exceeds what you can afford.
Most times buyers will end up losing a house like this because they couldn't afford it in the first place. A way to avoid this is to first set up a budget to see what kind of mortgage payment you can afford. Then stick to that number, you will be glad you did on down the road.
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How to Buy a New Home