Buying your first home is exciting—but it can also feel overwhelming. In Central Florida, where the market is competitive and diverse, it helps to know what to expect. Whether you’re moving to Orlando or considering surrounding areas like Winter Garden or Lake Nona, this guide walks you through the essential steps.
Know What You Can Afford
Before looking at homes, figure out how much you can comfortably afford. Consider your monthly income, debts, and lifestyle. Most experts recommend spending no more than 30% of your gross monthly income on housing.
A mortgage calculator can help you estimate payments. Do not forget to include property taxes, insurance, HOA fees, and maintenance. Being honest about your budget keeps you from falling in love with a home that stretches your finances too thin.
Get Pre-Approved Early
Sellers in Central Florida often want to see a pre-approval letter before accepting an offer. This shows that you are serious and financially ready.
Pre-approval also helps define your price range, giving you confidence as you search. Work with a local lender who understands the Florida housing market and can guide you through special loan options, such as FHA or VA loans.
Choose the Right Location
Central Florida offers many lifestyles—whether you love the energy of downtown Orlando or prefer the calm of a suburban neighborhood. Think about your commute, school zones, nearby amenities, and even weather factors like flood zones.
Visit neighborhoods at different times of day. Talk to potential neighbors, and consider how the area might grow or change over time. A good location not only fits your life now but can also boost your home’s value in the future.
Don’t Skip the Home Inspection
Even if a home looks perfect, always get an inspection. Florida’s humid climate can cause issues like mold, roof damage, or termites—things that are not always easy to spot.
A home inspection helps you avoid costly surprises after closing. If issues are found, you may be able to negotiate repairs or price adjustments with the seller.
Understand Closing Costs
Besides your down payment, expect closing costs to add about 2–5% of the home’s purchase price. These costs cover appraisals, title insurance, loan origination fees, and more.
Ask your agent or lender for a breakdown of expected closing costs. Some programs even offer assistance to first-time homebuyers in Florida. Being prepared helps avoid last-minute stress.
Work With a Local Real Estate Agent
A knowledgeable real estate agent is one of your best assets. They can help you find homes, write strong offers, and avoid common mistakes. Look for someone who knows Central Florida well and has experience working with first-time buyers.
At Megan Dowdy Realty, we are here to guide you every step of the way—from your first showing to your closing day.
Ready to Start the Journey?
Your first home is more than a purchase—it is a step into a new chapter. With the right information and a trusted team on your side, you can make smart, confident decisions.
Connect with Megan Dowdy Realty today or follow us on Facebook for tips, listings, and more guidance on buying your first home in Central Florida.
