Buying your first place can be an exciting but often overwhelming experience. From finding "the one" to figuring out how you'll pay for it, you'll face many choices along the road to home ownership. Before you box up your belongings and prepare to put your new welcome mat in place, you'll have to do some serious soul searching. Let's explore the most common decisions first-time homebuyers face.
1. Location vs. square footage?
When it comes to real estate, the first thought that flashes through most minds is the old "Location, location, location!" But if you want a home in a coveted spot, you may have to make certain sacrifices in order to afford it. For example, if you're seeking waterfront property, a swanky pad in the city, or a…