Owning your home gives you maximum control over your living space. But there's a lot more to it than choosing your paint colors.<br />According to Business Insider, first-time buyers often lack critical knowledge about home ownership.<br />First, houses are greedy! Between the "want to" projects and the "have to" repairs, be sure to add room in your budget for unexpected costs.<br />Second, plan ten years out. Planning to marry? Have kids or dogs? Keep them in mind when choosing a home and locale.<br />Be patient.