IL first time home buyer, Taking Action Most people make the mistake in thinking that renting is a more feasible way to secure a new home, but after collecting the initial deposit for a new house, buying a home is the only route you should go down. A house is a long-term asset, so the process should be taken seriously. Just because you have found an affordable place to buy, doesn't mean it's the only decision to take into account. Choosing a location which suits you most is still as important as choosing the perfect house. Make sure the area in Illinois, which the property is situated in, is a place which you are comfortable with, especially if you are starting a new life there. The prices of a property is affected by things like, transport , local schools, leisure centers, shops and land.