Buying a home is an important decision and purchasing your first home, even more so. It can be a tricky and somewhat daunting process which is why it is essential to do your homework, have a plan and budget, and seek expert advice before jumping in. Here are some quick tips to help avoid some of the common traps when taking your first step onto the property ladder: Be clear on what you can afford to spend to avoid looking at properties that are out of your price range. Work of the best home loan for you and check the ongoing repayments taking into consideration interest rate increases over time. Get pre-approval for your loan so you know exactly what properties you can afford to be looking at. Understand all your costs such as stamp duty, pest and building inspections, insurance and legal fees. After getting off to a bit of a rocky start, Corey and Jessica from Queensland's Sunshine Coast managed to get into their first home with little stress and fuss. Listen to what Corey and Jessica have to say about buying their first home.