Buying a home will probably be the biggest financial decision you will make in your lifetime, and it's not something that should be rushed. The trick is to budget, budget, budget - and not buy beyond your means. If you are a first time buyer you will need to set a firm limit on what you can afford, and try not to exceed this. And this shouldn't just cover the cost of the property and the home buying process, but stretch to cover any potential refurbishment work necessary - and even the cost of more cosmetic changes, such as redecoration or new furnishings to suit your new home.
For first-time buyers, finding a 25% deposit is the biggest stumbling block in buying a home - unless they ask the 'bank of Mum and Dad' which is also reportedly drying up.
The key is really financial discipline. Setting aside a certain amount of monthly paychecks into a savings account will soon add up - and ring fencing any potential bonuses from work will give savings a boost to a deposit fund. Another way for you to save would be to stay with parents longer, cutting down on monthly bills like rent and council tax would allow wannabe buyers to set aside more cash every month.
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