We all know the saying, “live and learn” and that is certainly a mantra in the home buying world. That is why I am letting you first time home buyers in on some of my hard earned experience and sharing with you some mistakes that I as well as some clients have made.
* Don’t go it alone. I’ve seen many potential buyers think that they can navigate the home buying process without the assistance and guidance of an experienced realtor. Unfortunately, all too often this ends in headache and financial loss.
* Don’t forgo the pre-approval from your lender. There is truly no worse feeling then watching the house of your dreams slip through your fingers because you didn’t get the loan pre-approval. This way you can also help determine your price range.
* Don’t exceed your budget. While the new house prospects out there are all very tempting you have to remember that there will be other expenses that arise as well. It is important to be financially responsible so that you don’t end up over your head in expenses.
* Don’t EVER skip a home inspection. Sure the house may look great or you may not want to spend the money on an inspection but be rest assured, it is the best money you will ever spend. You would be amazed at the unforeseen issues that may arise.
* Don’t get hung up on the little things that are easy to change (i.e. paint, carpet, fixtures, drapes, etc.) You wouldn’t want to pass up on a great house because of the color of the kitchen, which would cost on average $50 to repaint.
* With that being said, don’t ignore the bigger issues that aren’t so easily fixed (i.e. not enough natural light, layout of the home, location, etc)