There comes a stage in every individual’s life where they dream of owning their own home. To own your own home is to tell the world that you have settled down, that you have reached a certain level of stability. There is a feeling of security and satisfaction that is achieved from owning your own home that is indescribable. However, owning a home comes with its own set of trepidations and worries and is not a decision that should be taken lightly. There are a number of factors that should be taken into consideration when deciding to buy a home and of primary importance is the location of the residence. A thorough study of the location is imperative to see if it suits your requirements. What is the infrastructure like? Before investing in a property, you have to study the builder of the project and make sure you are only investing in a project of a well reputed builder who will provide all the amenities that you desire. So now that you have cleared all these factors, then how do you decide when is the right time to buy a home? Ideally, the right time to buy is when you can afford it. No one buys a home paying the whole amount. Everyone avails of home loans in order to buy property. Check with financial organisations what your options of loans are, explore the different kinds of loan schemes available. Loans are given based on your credit score, so ensure that your credit score is sound. Do not make any large purchases leading up to the disbursement of your loan amount as this may affect you credit score. And most important, only avail of a loan that you know you can repay without difficulty. You should only buy a home when you can afford it. The loan interest rates are currently low, however, so now is as good a time as any to explore the option of buying a home.