Despite their reputation as a generation of renters, the truth of the matter is that many Millennials are buying homes. And they’re not just buying, they’re buying smarter than a lot of people did in the past. To be sure, they seem to be taking longer than previous generations to buy their first home, but that’s not necessarily a bad thing — it often means they’re in a better financial position when they do. Here are 5 things we could all do well to understand before buying our first homes.