Buying a home can be both exciting and stressful. First-time home buyers should start saving for a down payment early and understand their budget using affordability calculators. Checking and improving credit scores is crucial for mortgage approval and interest rates. When choosing a home, consider the neighborhood's safety, school quality, and proximity to amenities. It's important to budget for closing costs and homeowners insurance to avoid common mistakes. Always aim to stay within budget and make reasonable offers.