Yes, don't rush it. When you think you've found the home you want, sleep on it. Don't buy something that you might have a hard time selling in the future and don't buy something that requires a lot of work unless you have the time and/or money to get the work done. Look at the big picture and consider the total cost of ownership of that home. There is a lot more money that goes into owning a home besides the monthly mortgage payment. There's utility bills, maintenance, furnishings, landscaping, property tax, etc. A lot of people have bought a home they could just barely afford and then they had very little money left over each month for the other parts of their life.
Also - consider commute distance and costs. The farther you live from work/school, the more money you will spend on gas and the more time you will spend in the car. Consider the location of the home as much as the home itself.
Congrats and good luck!