This is Optimal Finance Daily episode 1588, how to be financially savvy when buying a home

by Lisa Harrison of madmoneymonster.com. And I'm your host and personal finance enthusiast,

Diana Mariam. This is the show where I serenade you with the sweet sounds of personal finance

knowledge from some of the best blogs on the planet, with the author's permission of course.

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How to be financially savvy when buying a home by Lisa Harrison of madmoneymonster.com.

Buying a new home is exciting, but it's also a challenging time.

It's such a huge investment for both you and your family that you want to make sure

you get it right. There's so much to consider from location, what schools are close by,

transportation, your budget, and whether the home is worth investing in.

It can seem like a bit of a mind field, so here's some advice to get you started.

It's good to have an idea of what to look out for and how to invest your money in the right way.

There's so much advice out there that it can be difficult to know who to listen to,

and where to put your money. So here's some great ideas to get you started.

Start saving. This applies to all those couples or families that are renting and want to get

on to the property ladder as soon as possible. Everyone needs to save for that first down payment.

There's no easy way around that. The sooner you start doing this, the sooner you can be on your

way to having a brand new home. By saving for a down payment, you can avoid lots of extra charges

that come with buying a home. It might be difficult to save for many young couples, but anything

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