Renting an apartment can be a great housing option for many Americans. Some people prefer to rent because they like that maintenance issues are handled by a superintendent or a landlord, like Steven Taylor landlord from Los Angeles. They like not having to worry about building upkeep. However, if you’ve decided now is the time to buy a home, here are some helpful hints to consider.

Don’t Underestimate Your Credit Score

Your credit score is the make-or-break item that more or less determines your eligibility to qualify for a mortgage loan. Lenders want to be reassured that you will be paying them back the money they loan you, so steady, regular payments on your credit history are the most preferable. If you have a spotted credit history, it’s time to get your score boosted.

• If you have no idea what your credit score is, there are free services available that will give you a credit report. Once you have a baseline you can start rebuilding.
• Start paying off debts. Contact your creditors and explain that you are trying to rebuild your credit; often they will work with you and set up a payment plan.
• Focus on debts that have the highest interest rate. For example, retail credit cards like Target or Nordstrom will often have the highest interest rate, so get those under control first.

Save Your Pennies

If you want to purchase a home, you will need a decent sum of money saved for one. A good rule of thumb is to save 20% of the total price of the home; this way you are covered from any surprises and you have a good nest egg to fall back on in case something goes awry. The purchase price of the home is only one of many expenses that you can expect. Other expenses include:

• Realtor fees
• Home inspection
• Down payment/closing costs on the home

Hang In There

It can seem like a neverending cycle when you’re trying to save money for a home, and it can get discouraging. Don’t give up hope. Your dream home is out there waiting for you and you will find it when the time is right. Keep yourself busy in the meantime by planning for your eventual move:

• Clean out cabinets and closets. Get rid of items you no longer use or want so that you will have less to pack.
• Create a wish board for your home, choosing things like garden layouts and paint swatches to keep you inspired. Pinterest is a great digital resource for doing this.

It takes hard work to be able to purchase a home of your own, but it’s worth it. Owning a house is the American Dream, so make that dream come true.