Before you start searching for your new house, it’s important to make a list of all the things you’re looking for in a great home. However, it’s wise to follow first time home buying tips that recommend carefully separating your “wants” from your “needs.” General location and number of bedrooms are likely nonnegotiable items on your list. But there may be places you’re willing to compromise if it means perks like the perfect neighborhood, a bigger yard or a fantastic price. Can you settle for fewer bathrooms if they’re large and updated? Are you okay with less square footage if the space comes with a finished basement? Clearly define your must-haves to open up the possibilities when you’re ready to start the search for your new home.